574 S Chaparro, Covina, California 91724, Covina, 91724 - 3 bed, 2 bath
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Covina, California 91724
This midcentury ranch presents a High-Potential Investment Opportunity with a List Price of $1,095,000—positioned above the $1,067,130 Fair Market Value. While the property lacks immediate equity, its Condition Rating of 5 and original 1958 architecture provide a blank canvas for significant value-add through modernization. The expansive 29,484 sqft lot in the Covina Hills offers rare privacy and development potential. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants with the vision to restore this classic hillside residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 574 S Chaparro Subject | $1,095,000* List Price | 3 | 2 | 1,988 | $537 | - |
A 2880 N Theodora Sold | $1,350,000 | 3 | 2 | 2,340 | $577 | 0.9 mi |
B 751 S Corrida Active | $1,280,000 List Price | 3 | 2 | 2,450 | $522 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958 and largely in original condition, this property is over 60 years old and lacks modern updates. The kitchen features dated oak cabinetry and the interior shows significant age with worn carpets and original fixtures. The listing explicitly describes it as an opportunity to 'update and reimagine,' indicating it requires a full rehab to meet current 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 in a quiet Covina Hills cul-de-sac, the property offers exceptional privacy and significant space for outdoor expansion or landscaping.
This 1958 ranch features 'great bones' and classic midcentury character, providing a highly desirable foundation for a high-end modern restoration or personalization.
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 capital investment to modernize the kitchen, bathrooms, and interior finishes to meet current market standards.
Given the 1958 construction date, buyers should anticipate potential costs associated with updating older mechanical, electrical, or plumbing systems common in homes of this era.
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. Designed by the architectural firm Maul and Pulver, AIA, 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 architect-designed 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,988 | 1,440 |
| Lot Size | 29,484 | 7,213 |
| Price | $1.09M | $814.0K |
| Price per sq ft | $551 | $545 |
| Built year | 1958 | 1956 |
| HOA | $0 | $0 |
| Days on market | 30 | 48 |
Jun 22, 2026
$1,095,000
Initial Listing