1240 N Citrus Avenue 2
Covina, CA, 91722
$425,000
MLS: IG26057659
Beds
3
Baths
3
Sq Ft
1,365
Lot
2.94 ac
Year Built
1979
MLS #
IG26057659
Days on Market
16
Listed
Mar 16, 2026
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.
Location
Covina, Los Angeles County, CA 91722
Open on Google Maps ↗Listed by: KAREN SEIBERT · KELLER WILLIAMS REALTY
Payment estimate
$3,252
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $42,500 · Loan: $382,500
- Principal & Interest
- $2,350
- Property tax (1.25%)
- $443
- Homeowners insurance
- $300
- Mortgage insurance
- $159
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Covina home with as little as 3.5% down using an FHA loan — roughly $14,875 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Covina, CA 91722 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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