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$431,500
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Property Description
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.
Full Property Details
Full Property Details for 1240 N Citrus Ave #2
General
- Sold For: $431,500
- HOA FEE: $390/month
- Status: Closed
- Type: Townhouse
- Source: MRMLS
- MLS ID: IG26057659
- Added to Site: 73 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Up
- Fireplace: Yes
- Fireplace(s): Living Room
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside
Additional Information
- Shared Amenities: Tennis Court(s), Pool, Spa/Hot Tub
- Pool Description: Community
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Los Angeles
- Driving Directions: South of Arrow Hwy off of Citrus
School Information
- School District: Covina Valley Unified
Community
- Community Features: Suburban
- Assoc. Name: Lordon Management
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: Central
Utilities
- Water: Public
Structural Information
- Structure Type: Townhouse
- Common Walls: 2 Common Walls (or More)
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 1,365
- Sq. Ft. Source: Assessor
- Year Built: 1979
- Year Built Source: Assessor
Lot Features
- Property View: None
- Lot Size (Acres): 2.9361
- Lot Size Source: Assessor
Financial Considerations
- Price Per Sq. Ft.: $316.12
- Association Fee: $390
- Assoc Fee Freq.: Monthly
Disclosures and Reports
- Special Conditions: Standard
Listed by Keller Williams Realty, KAREN SEIBERT
Sold by HomeWay, Christopher Joseph
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Schools
Schools serving 1240 N Citrus Ave #2
School District:Covina-Valley Unified School District
| Name | Grades | Distance |
|---|---|---|
Cypress Elementary School, Covina, CA 351 W. Cypress Ave., Covina, CA 91723 | K-5 | 0.5 mi |
Las Palmas Middle School 641 North Lark Ellen Avenue, Covina, CA 91722 | 6-8 | 1.9 mi |
Northview High School 1016 W. Cypress Ave., Covina, CA 91722 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1240 N Citrus Ave #2
Date
Details
Price
Change
Source
4/28/2026
Sold
$431,500
1.53%
MLS
3/16/2026
Listed
$425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1240 N Citrus Avenue #2, Covina, CA 91722 (MLS# IG26057659) is a Townhouse property that was sold at $431,500 on April 28, 2026. Want to learn more about 1240 N Citrus Avenue #2? Do you have questions about finding other Townhouse real estate for sale in Covina? You can browse all Covina real estate or contact a Coldwell Banker agent to request more information.

