530 S Stewart Drive S, Covina, California 91723, Covina, 91723 - bed, bath
ACTIVE$895,000
530 S Stewart Drive S, Covina, California 91723
0Bed
0Bath
1,696Sqft
7,902Lot
Year Built
1954
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$528
HOA
-
Days on market
-
Sold On
-
MLS number
CV25245878
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $895.0K(29th), sqft - 1696(14th), beds - undefined(50th), baths - undefined(50th).
530-532 S Stewart Drive. Tenant occupied, do not disturb tenants. All offers subject to interior inspection. Units have separate gas and electric meters. Both units are 2 bedrooms and 1 full bath. Easy access to 10 freeway, Eastland, downtown Covina and transportation.
Price History
Date
Event
Price
10/31/25
Listing
$895,000
12/02/98
Sold
$200,000
Condition Rating
Poor
Built in 1954, this property is 70 years old. The interior images reveal a highly outdated kitchen with tile countertops, old white cabinets, linoleum flooring, and older appliances, indicating a need for a complete renovation. Other areas feature worn carpets, dated wood paneling, and basic light fixtures, suggesting a lack of significant updates for many decades. While tenant-occupied, the property requires substantial rehabilitation to bring it to modern living standards and address the age of its major systems.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, categorized as 'Residential Income,' offering immediate potential for rental income and investment.
Tenant Occupied: Currently tenant-occupied, providing instant cash flow for a new owner without the need to find renters immediately.
Separate Utility Meters: Units feature separate gas and electric meters, simplifying landlord responsibilities and reducing operating expenses.
Strategic Location: Offers easy access to the 10 freeway, Eastland shopping center, downtown Covina, and public transportation, enhancing tenant desirability.
Functional Unit Layout: Both units are configured as 2 bedrooms and 1 full bath, a popular and practical layout for rental properties.
Cons
Property Age: Built in 1954, the property is 70 years old, likely indicating a need for significant updates, renovations, or potential deferred maintenance on systems and finishes.
Restricted Access for Inspection: The property is tenant-occupied with no disturbance allowed, and offers are subject to interior inspection, creating uncertainty and potential challenges for buyer due diligence.
Lack of Premium Views: The listing explicitly states 'View: None,' which means the property does not offer an additional amenity that could enhance its market value or appeal.