574 S Chaparro, Covina, California 91724, Covina, 91724 - 3 bed, 2 bath
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Covina, California 91724
This Midcentury Value-Add Ranch represents a strategic acquisition in the prestigious Covina Hills, featuring a List Price of $1,195,000 that reflects the area's premium land value compared to its $1,145,533 Fair Market Value. Currently holding a Condition Rating of 4, the property serves as a classic fixer-upper with "great bones" and a massive 29,484 sqft lot. The expansive grounds and hillside views offer significant potential for forced appreciation through modernization. Located within the Covina Valley Unified district, this asset is an ideal project for Fix-and-Flip Investors or Visionary Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 574 S Chaparro Subject | $1,195,000* List Price | 3 | 2 | 1,988 | $576 | - |
A 665 S Chaparro Sold | $1,100,000 | 3 | 2 | 1,478 | $744 | 0.2 mi |
B 2880 N Theodora Sold | $1,350,000 | 3 | 2 | 2,340 | $577 | 0.9 mi |
C 751 S Corrida Active Under Contract | $1,280,000 List Price | 3 | 2 | 2,450 | $522 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1958 mid-century ranch is in largely original condition and serves as a classic 'fixer-upper.' While the home appears well-maintained and habitable, the kitchen and bathrooms are significantly outdated, featuring original oak cabinetry, older appliances, and vintage fixtures. The interior shows clear signs of age with worn wall-to-wall carpeting and dated wood paneling. It meets the 'fair' criteria as a property that is aged but functional, requiring comprehensive cosmetic and system updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29484, living area = 1988.
Situated on a nearly 30,000 square foot lot at the end of a cul-de-sac in Covina Hills, this property offers exceptional privacy and vast potential for outdoor amenities or expansion.
The 1958 ranch-style architecture provides a desirable single-story layout with 'great bones' and a strong indoor-outdoor orientation, making it a perfect candidate for a high-end modern restoration.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =29484, other record lot size in square feet = 29420.
The property is in largely original condition, requiring a substantial investment in updates to the kitchen, bathrooms, and systems to meet modern luxury standards.
At a list price of $1.195M for a home needing modernization, the high entry cost may limit the buyer pool to those with significant additional capital for renovations.
A midcentury ranch gem! Nestled in the Covina Hills, on a culdesac, this 3 bedroom, 2 bathroom midcentury ranch presents a unique opportunity to update and reimagine a home with great bones in a sought-after hillside setting. The property offers classic single-story architecture, generous yard space, mature trees, and a private feel that gives it strong long-term upside for the buyer with vision. With its original character, comfortable layout, strong indoor-outdoor orientation, and kitchen with oak cabinetry, this is an ideal opportunity to personalize, and unlock the full potential of a well-located property. Conveniently situated near dining and entertainment in Downtown Covina, as well as the shops, restaurants, and community events of Glendora Village, the location combines a tucked-away residential setting with easy access to everyday amenities and local destinations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,988 | 1,906 | 56% |
| Lot Size | 29,484 | 8,433 | 87% |
| Price | $1.20M | $932.5K | 84% |
| Price per sq ft | $601 | $511 | 78% |
| Built year | 1958 | 1959 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 160 | 2% |
Apr 13, 2026
$1,195,000
Initial Listing