5124 N Arroway, Covina, California 91724, Covina, 91724 - 3 bed, 2 bath
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Covina, California 91724
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned well below the $728,387 Fair Market Value by 3%. This valuation gap offers $28,387 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home requires modernization but offers significant upside via its 7,322 sqft lot and ADU potential. Located in the Charter Oak Unified School District, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5124 N Arroway Subject | $700,000* List Price | 3 | 2 | 1,289 | $565 | - |
A 5125 N Nearglen Sold | $765,000 | 3 | 2 | 1,394 | $549 | 0.1 mi |
B 5113 Langham Sold | $788,000 | 3 | 2 | 1,550 | $508 | 0.1 mi |
C 19837 E Cienega Sold | $825,000 | 3 | 2 | 1,229 | $671 | 0.2 mi |
D 5042 N Glendora Avenue Sold | $792,000 | 3 | 2 | 1,192 | $664 | 0.2 mi |
E 805 N Langham Avenue Sold | $822,000 | 4 | 2 | 1,482 | $555 | 0.8 mi |
F 1013 E Calora Pending | $800,000 List Price | 4 | 3 | 1,460 | $548 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956 and offered by the original owner, the home is in well-maintained but dated condition. While the original hardwood floors are a plus, the kitchen and bathrooms are vintage and exceed the 30-year update cycle. The presence of window AC units and wall heaters suggests dated mechanical systems that require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7322, living area = 1289.
High School: Glendora High School (9/10).
The large, flat 7,322 sqft lot offers significant versatility, including potential for an ADU, expansion, or RV parking, providing excellent value-add opportunities for the next owner.
The home features original 1950s vintage details and will likely require a comprehensive modernization of the kitchen, bathrooms, and systems to meet current market standards.
With only 1,289 square feet of living space for a three-bedroom home, the interior layout may feel restrictive for buyers seeking more expansive modern living areas.
Welcome to 5124 N Arroway in Covina, a classic California ranch-style home coming to market for the first time since it was originally purchased. Located on a quiet street near the end of a cul-de-sac, this 3-bedroom, 2-bathroom home is situated in an established tract with a genuine sense of community, where longtime neighbors know one another, look out for each other, and take pride in the neighborhood. The home offers a functional floor plan, solid bones, and an excellent opportunity for a buyer to update the property and make it their own. Interior features include original hardwood floors, spacious living and dining areas, large closets, abundant natural light, and charming vintage details throughout. The kitchen provides generous cabinet and counter space, while the separate laundry room adds everyday convenience. Additional highlights include an attached 2-car garage and an extended driveway with potential RV parking. The large, flat backyard offers plenty of room to entertain, garden, expand, or explore the possibility of adding an ADU (buyer to verify). With its desirable ranch-style design, generous lot, welcoming neighborhood, and renovation potential, this home is ready for its next chapter.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.6 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,289 | 1,440 |
| Lot Size | 7,322 | 7,213 |
| Price | $700.0K | $814.0K |
| Price per sq ft | $543 | $545 |
| Built year | 1956 | 1956 |
| HOA | $0 | $0 |
| Days on market | 8 | 48 |
Jul 14, 2026
$700,000
Initial Listing