316 E School, Covina, California 91723, Covina, 91723 - bed, bath
ACTIVE$900,000
316 E School, Covina, California 91723
0Bed
0Bath
1,796Sqft
6,189Lot
Year Built
1921
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$501
HOA
-
Days on market
-
Sold On
-
MLS number
CV25270684
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $900.0K(29th), sqft - 1796(14th), beds - undefined(50th), baths - undefined(50th).
WOW, once in a lifetime opportunity to own a duplex downtown Covina! This is a rare find and won't last! The front home features 2 bedrooms and 1 bath. The back home is a 3 bedroom and 1 bath. There are 2 garages, one for each unit. Each unit has its own yard and plenty space for privacy. DO NOT MISS this great deal!
Price History
Date
Event
Price
12/04/25
Listing
$900,000
09/02/16
Sold
$500,000
09/21/12
Sold
$350,000
Condition Rating
Poor
Built in 1921, this property shows significant age and deferred maintenance. Both kitchens are highly outdated with worn cabinets, old countertops, and dated backsplashes/fixtures. All visible bathrooms are also very dated with older vanities, tile, and fixtures. While some areas have newer flooring and paint, the critical areas (kitchens and bathrooms) require substantial renovation and rehabilitation to meet modern standards. The exterior also shows signs of neglect and disarray, and the property analysis notes potential for outdated systems, indicating a need for significant investment beyond minor cosmetic updates.
Pros & Cons
Pros
Investment Opportunity: This property is a rare duplex offering, providing immediate income potential for investors or an owner-occupant seeking rental offset.
Desirable Location: Situated in downtown Covina, the property benefits from proximity to local amenities, services, and potential for strong rental demand.
Dedicated Garages: Each unit is equipped with its own dedicated garage, a highly sought-after feature providing convenient parking and storage for tenants.
Private Outdoor Spaces: Both units feature their own private yard space, offering tenants individual outdoor areas and enhancing privacy.
Rental Versatility: The property offers a versatile configuration with a 2-bedroom and a 3-bedroom unit, appealing to a broader range of potential renters.
Cons
Advanced Age of Property: Built in 1921, the property's age suggests potential for outdated systems (plumbing, electrical) and a higher likelihood of requiring significant capital improvements.
Unspecified Condition/Renovations: The description does not mention any recent renovations or updates, implying that significant investment may be required to modernize units and meet current tenant expectations.
Potential for Higher Operating Costs: Older properties often come with higher maintenance, repair, and utility costs due to less efficient systems and wear and tear over time.