Cash-Only Fixer Opportunity in Covina | Value Add Townhouse with Strong Rental & Resale Potential
Investor special in the heart of Covina, CA, ideal for flippers, buy and hold investors, or cash buyers seeking a high demand rental location with clear upside. This fixer townhouse offers the opportunity to renovate and reposition in a commuter friendly, amenity rich community.
Located just minutes from Downtown Covina and the Covina Metrolink Station, this property checks a major box for today’s renters and resale buyers: location + convenience. Quick access to the 10, 57, and 210 freeways increases tenant demand and long term appreciation potential.
The community features resort-style amenities, including a pool, spa, tennis courts and shared RV parking, with trash included, helping reduce ongoing operating costs and improve rental appeal.
Property highlights include:• In-unit laundry hookups • 2-car garage with additional storage • Functional layout ready for full renovation• Ideal location
This is a cash-only sale, priced for investors ready to execute. With limited inventory of fixer townhomes in Covina, this is a strategic opportunity to add value and capture equity. Fix, rent or resell, multiple exit strategies in a location that consistently performs. The HOA is responsible for repairing the roof.
Investor special in the heart of Covina, CA, ideal for flippers, buy and hold investors, or cash buyers seeking a high demand rental location with clear upside. This fixer townhouse offers the opportunity to renovate and reposition in a commuter friendly, amenity rich community.
Located just minutes from Downtown Covina and the Covina Metrolink Station, this property checks a major box for today’s renters and resale buyers: location + convenience. Quick access to the 10, 57, and 210 freeways increases tenant demand and long term appreciation potential.
The community features resort-style amenities, including a pool, spa, tennis courts and shared RV parking, with trash included, helping reduce ongoing operating costs and improve rental appeal.
Property highlights include:• In-unit laundry hookups • 2-car garage with additional storage • Functional layout ready for full renovation• Ideal location
This is a cash-only sale, priced for investors ready to execute. With limited inventory of fixer townhomes in Covina, this is a strategic opportunity to add value and capture equity. Fix, rent or resell, multiple exit strategies in a location that consistently performs. The HOA is responsible for repairing the roof.
Property Details
Price:
$425,000
MLS #:
IG26057659
Status:
Pending
Beds:
3
Baths:
3
Type:
Townhouse
Neighborhood:
614covina
Listed Date:
Apr 27, 2026
Finished Sq Ft:
1,365
Lot Size:
127,895 sqft / 2.94 acres (approx)
Year Built:
1979
See this Listing
Schools
School District:
Covina Valley Unified
Interior
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
SEE
Heating
CF
Laundry Features
IN
Levels
U
Main Level Bathrooms
1
Exterior
Common Walls
_2CW
Community Features
SUB
Garage Spaces
2
Parking Spots
2
Parking Total
2
View
NO
Financial
HOA Fee
$390
HOA Fee Frequency
MO
Map
Community
- Address1240 N Citrus AV #2 Covina CA
- CityCovina
- CountyLos Angeles
- Zip Code91722
Market Summary
Property Summary
- 1240 N Citrus AV #2 Covina CA is a Townhouse for sale in Covina, CA, 91722. It is listed for $425,000 and features 3 beds, 3 baths, and has approximately 1,365 square feet of living space, and was originally constructed in 1979. The current price per square foot is $311. The average price per square foot for Townhouse listings in Covina is $446. The average listing price for Townhouse in Covina is $645,083.
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1240 N Citrus AV #2
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