$514,999 / 3br - 996ft2 - Great Deal in COVINA (Covina)

About This House

I have secured an additional off-market property opportunity, this time located within the city of Covina.

The home is situated mid-block on a desirable interior street. It is a 996 square foot single-family residence featuring three bedrooms and one bathroom, positioned on a lot spanning 6,521 square feet.

The structure of the house appears to be in sound condition, primarily requiring cosmetic updates to enhance its appeal.

The location is highly favorable, positioned within the heart of a pleasant residential community. An individual on our contact list may already have a prospective buyer interested in this price range for this specific area.

Advantages:

• Off-market listing
• Clean property
• Currently vacant
• Interior street location

Potential Exit Strategies:

• Flip the property in its current state; it may be possible to complete a very low-cost renovation and list for $699,000.
• Add a second bathroom to significantly increase the potential selling price into the mid-$700,000s.

Comparable Sales:

• All comparables closed in 2024.
• All are within 20% of the subject property\'s square footage.
• A model match recently sold for $700,000.
• Some comparable homes include a second bathroom, which indicates an opportunity to increase our exit value.

David 424-256-0213
DRE #02146038
For a quick response, please call or text me.
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https://www.newwestern.com/agent/david-azizz/

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