5141 N Lyman, Covina, California 91724, Covina, 91724 - 6 bed, 4 bath
5141 N Lyman
Covina, California 91724
Property Price
SUMMARY
Analysis of 5141 N Lyman, Covina, California 91724 reveals a property with a current list price of $998,000, which is 5% above the estimated $944,184 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Covina Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5141 N Lyman Subject | $998,000* List Price | 6 | 4 | 2,400 | $393 | - |
A 1177 N Reeder Sold | $795,000 | 4 | 2 | 1,587 | $501 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1955, this property is nearly 70 years old. The listing provides no interior images or details regarding recent renovations, especially for key areas like kitchens and bathrooms. The 'DRIVE BY ONLY DO NOT DISTURB TENANTS' instruction prevents any assessment of the interior condition. Given the property's age and the complete lack of information or visual evidence of updates, it is highly probable that the interior, particularly kitchens and bathrooms, are significantly outdated and require substantial repairs and rehabilitation to meet current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Glendora High School (9/10).
- Versatile Configuration
The property is uniquely configured as two separate 3-bedroom, 2-bathroom units, offering excellent potential for multi-generational living or generating rental income.
- Energy Efficiency
Equipped with paid-off solar panels, this property provides significant long-term energy savings and reduced utility costs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
- Configuration Discrepancy & Due Diligence
There is a discrepancy between legal records (4 bed/4 bath) and the current configuration (two 3 bed/2 bath units), requiring extensive buyer investigation and due diligence regarding permits and legality.
- Limited Buyer Access
The 'DRIVE BY ONLY DO NOT DISTURB TENANTS' restriction severely limits potential buyers from conducting thorough interior viewings and inspections, creating uncertainty about the property's condition.
About 5141 N Lyman
Legal records reflect a 4 bedroom, 4 bathroom single-family residence. The property is currently configured as two separate living units, each offering a 3 bedroom, 2 bathroom layout. Buyer to conduct their own investigations and rely on their own due diligence regarding permits, use, and configuration. Property features one central air conditioning system serving the home and paid-off solar, providing long-term energy savings. The flexible layout offers potential for multi-generational living or extended family use. Conveniently located in a desirable Covina neighborhood near schools, shopping, dining, and freeway access. This property presents a unique opportunity for buyers seeking space, versatility, and future potential.--DRIVE BY ONLY DO NOT DISTURB TENANTS.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 7,659 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Covina Unified Schools
Glen Oak Elementary School
Grades K-6 • 0.6 mi
Willow Elementary School
Grades K-6 • 0.7 mi
Cedargrove Elementary School
Grades K-6 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 98% |
| Baths | 4.0 | 2.0 | 94% |
| Square foot | 2,400 | 1,877 | 81% |
| Lot Size | 7,659 | 8,412 | 28% |
| Price | $998.0K | $940.0K | 57% |
| Price per sq ft | $416 | $511 | 6% |
| Built year | 1955 | 1957 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 143 | 4% |
Pricing History
Listed for Sale
Jan 16, 2026
$998,000
Initial Listing