523 E Covina, Covina, California 91722, Covina, 91722 - 3 bed, 2 bath
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Covina, California 91722
This Value-Add Residential Asset is listed at $799,000 against a $659,513 Fair Market Value. With a Condition Rating of 5, this "as-is" property requires substantial rehabilitation, offering a significant opportunity for forced appreciation through modern updates. The generous 7,324 sqft lot and proximity to the Covina Valley Unified School District enhance long-term value, supported by local comparable sales reaching over $830,000. This acquisition is best suited for Fix-and-Flip Investors or Contractors seeking a high-upside project in a neighborhood with proven market resilience and strong historical growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 523 E Covina Subject | $799,000* List Price | 3 | 2 | 1,233 | $535 | - |
A 1271 N Starcrest Drive Sold | $735,000 | 3 | 2 | 1,010 | $728 | 0.2 mi |
B 912 N Prospero Drive Sold | $825,000 | 3 | 2 | 1,551 | $532 | 0.3 mi |
C 1070 N Prospero Sold | $830,000 | 3 | 2 | 1,419 | $585 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955, this property is 69 years old with no indication of recent renovations. The 'as-is' sale condition and 'drive-by only' restriction strongly imply that the interior, including the kitchen and bathrooms, is severely outdated and likely requires substantial repairs and rehabilitation for major systems and finishes. The exterior also shows its age, lacking modern updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7324, living area = 1233.
Situated in a convenient and beautiful Covina neighborhood, offering easy access to shopping, dining, major streets, and freeways, enhancing its desirability.
A generous 7,324 sqft lot provides ample outdoor space for recreation, gardening, or potential future expansion possibilities.
The property is being sold 'as-is,' indicating that the buyer will be responsible for any necessary repairs, upgrades, or deferred maintenance, potentially adding significant costs.
The 'drive-by only' and 'do not disturb occupants' stipulations severely limit potential buyers' ability to view the interior and conduct thorough inspections, creating uncertainty and potentially deterring offers.
Built in 1955, the home is over 65 years old, which may imply the need for updates to systems (plumbing, electrical, HVAC) and finishes to meet modern standards and preferences.
Single-family home located in a convenient, beautiful Covina neighborhood near shopping, dining, major streets, and freeways. Property is currently occupied; do not disturb occupants. Drive-by only. Property to be sold as-is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,233 | 1,288 | 36% |
| Lot Size | 7,324 | 7,195.5 | 61% |
| Price | $799.0K | $772.5K | 62% |
| Price per sq ft | $648 | $571 | 80% |
| Built year | 1955 | 1954 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 99 | 176 | 23% |
Jan 13, 2026
$799,000
Initial Listing
Sep 21, 2010
$340,000
Public Record