5141 N Lyman, Covina, California 91724, Covina, 91724 - 6 bed, 4 bath
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Covina, California 91724
This Versatile Multi-Unit Asset is listed at $998,000, positioned relative to a $899,766 Fair Market Value. Currently reflecting a Condition Rating of 5 with a "drive-by only" restriction, the property offers significant value-add potential through its configuration as two separate 3-bedroom, 2-bathroom units. Featuring paid-off solar panels and central HVAC, the home is optimized for long-term energy efficiency. Located in the Charter Oak Unified district near Glendora High School (9/10), this property is a strategic acquisition for Buy-and-Hold Investors or Multi-Generational Buyers seeking a high-utility asset with substantial ROI potential.
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 | $375 | - |
A 1177 N Reeder Sold | $795,000 | 4 | 2 | 1,587 | $501 | 0.4 mi |
B 1261 Reeder Active | $859,000 List Price | 4 | 3 | 2,031 | $423 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
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evidence of updates, it is highly probable that the interior, particularly kitchens and bathrooms, are significantly outdated and require substantial repairs and rehabilitation to meet current quality standards.
High School: Glendora High School (9/10).
The property is uniquely configured as two separate 3-bedroom, 2-bathroom units, offering excellent potential for multi-generational living or generating rental income.
Equipped with paid-off solar panels, this property provides significant long-term energy savings and reduced utility costs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
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.
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.
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.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 98% |
| Baths | 4.0 | 2.0 | 95% |
| Square foot | 2,400 | 1,906 | 76% |
| Lot Size | 7,659 | 8,422 | 27% |
| Price | $998.0K | $932.5K | 60% |
| Price per sq ft | $416 | $509 | 9% |
| Built year | 1955 | 1959 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 96 | 160 | 27% |
Jan 16, 2026
$998,000
Initial Listing