
Covina, California 91724
This property presents a High-Potential Investment Opportunity with a List Price of $990,000—positioned well below the $998,571 Fair Market Value by 0.86%. This valuation gap offers $8,571 in Instant Equity. With a Condition Rating of 5, the home requires a comprehensive renovation, yet the massive 41,935 sqft lot and Equestrian Zoning provide significant upside for value-add projects. Located in the Covina Valley Unified district, this is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a major restoration project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 S Corrida Drive Subject | $990,000* List Price | 3 | 2 | 1,684 | $593 | - |
A 574 S Chaparro Active | $1,095,000 List Price | 3 | 2 | 1,988 | $551 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954, this property retains most of its original finishes, including a vintage kitchen with mid-century appliances and dated cabinetry. The listing explicitly states the home is ready for a buyer to 'renovate and restore,' indicating it requires a full rehab rather than minor updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 41935, living area = 1684.
Situated on a massive 41,935 sqft lot in Covina Hills, this rare equestrian-zoned property includes horse stalls and significant outdoor space, offering immense value for hobbyists or those seeking privacy.
Located in a highly desirable, established neighborhood with convenient access to major freeways (10, 57, 60, 210) and proximity to Cal Poly Pomona and South Hills Country Club.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The home retains many of its original 1954 finishes and requires a comprehensive update to meet modern standards, necessitating a substantial additional budget for restoration.
Listed at $990,000 for a home in need of significant repair, the price point may be challenging for buyers who must also factor in the costs of a full-scale remodel.
Welcome to 700 S. Corrida Drive, a horse property in the quiet, highly desirable Covina Hills. Tucked into an established neighborhood surrounded by mature trees and lush landscaping, this home sits on a spacious lot offering character, privacy, and incredible potential. The property features multiple outdoor areas, a large lawn, covered parking, a detached garage, and horse stalls, a setup that's hard to find and full of possibilities for equestrian use, hobbies, storage, or future projects. Inside, the home retains many of its original finishes, including abundant built-in cabinetry, a brick fireplace, and a generously sized primary bedroom. This property is ready for a buyer with vision to renovate, restore, and make it their own. All of this in a prime location near golf courses, the country club, shopping, restaurants, parks, and schools, with convenient access to the 10, 57, 60, and 210 freeways and just minutes from Cal Poly Pomona and Mt. San Antonio College. A rare opportunity to create something special in Covina Hills.
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 | 1,684 | 1,440 |
| Lot Size | 41,935 | 7,213 |
| Price | $990.0K | $814.0K |
| Price per sq ft | $588 | $545 |
| Built year | 1954 | 1956 |
| HOA | $0 | $0 |
| Days on market | 6 | 48 |
Jul 16, 2026
$990,000
Initial Listing