551 W Puente 1, Covina, California 91722, Covina, 91722 - 3 bed, 3 bath
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Covina, California 91722
This Townhouse Asset presents a High-Potential Investment Opportunity, listed at $720,000—positioned above the $629,458 Fair Market Value. While the property requires a capital-intensive rehab due to its Condition Rating of 5 and original 1980s finishes, it offers significant upside through modernization. The end-unit layout, private patio, and proximity to top-rated Covina High School provide strong rental appeal. This property is best suited for Buy-and-Hold Investors seeking a value-add project or Owner-Occupants willing to renovate for long-term equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 551 W Puente 1 Subject | $720,000* List Price | 3 | 3 | 1,626 | $387 | - |
A 545 W Puente 2 Sold | $655,000 | 2 | 3 | 1,343 | $488 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1984 (40 years old), placing it in the >30y category. While the living areas feature updated laminate flooring, the kitchen and bathrooms are original and outdated, featuring 1980s-style cabinetry, tile countertops, and fluorescent light boxes that require a full rehab to meet modern standards.
As an end unit, this property offers enhanced privacy, additional natural light, and a significantly larger backyard compared to standard units in the community.
The 1,626 sq. ft. floor plan features high ceilings and a seamless flow between the living, dining, and family areas, providing a sense of volume rarely found in townhomes.
The home is exceptionally well-located for families, situated less than 0.2 miles from Covina High School and within walking distance of middle and elementary schools.
The association fee of $408 per month represents a significant recurring expense that may impact buyer affordability and overall monthly carrying costs.
Built in 1984, the property may require capital improvements or cosmetic modernizations to meet the aesthetic expectations of contemporary buyers.
Charming two story town house located in the Heathdale community. End unit with large back yard. This home features an open, desirable floor plan with spacious living with high ceiling, 3 bedrooms and two full bathrooms upstairs, half bath downstairs, formal dining area, cozy family room opens to private patio, central air conditioning, 2 car attached garage with direct access. This end unit is situated at a prime location in the community. Association swimming pool and spa, guest parking in the community. Close to shopping, freeway access, transportation, and schools.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 60% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,626 | 1,354 | 70% |
| Lot Size | 1,866 | 1,521 | 60% |
| Price | $720.0K | $639.5K | 80% |
| Price per sq ft | $443 | $444 | 50% |
| Built year | 1984 | 1985 | 50% |
| HOA | $408.0 | $350 | 80% |
| Days on market | 32 | 120 | 10% |
May 13, 2026
$720,000
Initial Listing
Jan 20, 2017
$430,000
Public Record