2847 North Monte Verde, Covina, CA 91724
2847 North Monte Verde, Covina, CA 91724
Property Description
Rare Opportunity in the Desirable South Hills/Covina Area! Situated in a beautiful and quiet neighborhood, this single-story home built in 1954 features 3 bedrooms, 2 bathrooms, approximately 2,030sqft of living space, and a 2-car garage. Sitting on an expansive approx. 40,000sqft lot with scenic views, the property offers tremendous potential for future development, expansion, possible lot split, ADU opportunities, and more. Seller has submitted a lot split application with the city. Buyer to independently verify the current status, requirements, feasibility, and future development potential with the appropriate city departments. Conveniently located near shopping, dining, schools, parks, and freeway access. Excellent opportunity for investors, developers, or buyers looking to create their dream estate.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Covina · Single Family Residence
Listed 61.0% above the median closed sale of $1,050,000. Price per sqft ($832) is a 60% premium to closed comps ($521). Closed comps sold at 101% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1532 Old Badillo | Covina | 1957 | 3 | 3 | 2,500 | 7,697 | $480 | $1.20M | 113 | 73 |
| 3412 San Joaquin | Covina | 1959 | 3 | 3 | 1,982 | 12,237 | $573 | $1.14M | 1 | 66 |
| 205 Hurst Street | Covina | 1953 | 3 | 2 | 1,570 | 6,735 | $506 | $795,000 | 23 | 66 |
| 1179 Viceroy Avenue | Covina | 1950 | 4 | 2 | 1,820 | 8,492 | $467 | $850,000 | 38 | 62 |
| 512 Shouse | Covina | 1960 | 4 | 3 | 2,362 | 10,097 | $508 | $1.20M | 80 | 59 |
| Total: 5 · Average | 3.4 | 2.6 | 2,046.8 | 9,051.6 | $506.8 | $1.04M | 51 | |||
| Median | 1,982 | $1.14M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3342 Rancho El Encino Drive | Covina | 1956 | 10/08/2026 | 3 | 3 | 2,178 | 39,619 | $1.07M | $1.05M | $482 | 0.98 | 44 | 80 |
| 20290 Lorencita | Covina | 1953 | 09/24/2026 | 3 | 2 | 1,688 | 42,891 | $999,999 | $995,000 | $589 | 0.99 | 55 | 77 |
| 1146 Dawn Ridge Way | Covina | 1977 | 10/02/2026 | 3 | 3 | 1,758 | 12,397 | $995,000 | $1.06M | $603 | 1.06 | 56 | 68 |
| 823 Kidder Avenue | Covina | 2018 | 10/09/2026 | 4 | 3 | 2,529 | 4,089 | $1.14M | $1.13M | $445 | 0.99 | 63 | 67 |
| 3242 Rancho La Carlota | Covina | 1957 | 09/10/2026 | 4 | 2 | 2,028 | 29,100 | $945,000 | $983,500 | $485 | 1.04 | 57 | 66 |
| Total: 5 · Average | 3.4 | 2.6 | 2,036.2 | 25,619.2 | $1.04M | $1.04M | $520.8 | — | 55 | ||||
| Median | 2,028 | $1.05M | $1.05M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.