1407 S Craig Dr
West Covina, CA, 91790
$849,000
MLS: WS26042871
Beds
3
Baths
3
Sq Ft
1,947
Lot
0.46 ac
Year Built
1948
MLS #
WS26042871
Days on Market
12
Listed
Mar 4, 2026
Description
1407 S Craig Dr in West Covina offers exceptional potential for investors, builders, and owner-occupants alike. This 3-bedroom, 3-bathroom home features approximately 1,947 sq ft of living space situated on an expansive 20,094 sq ft lot in a quiet residential neighborhood. The front portion of the home includes a 1-bedroom, 1-bathroom layout with its own kitchen and private entrance, offering flexible living arrangements ideal for extended family or rental income. The rear portion of the home is a fixer and presents a great opportunity for renovation and value-add improvements. With the oversized lot, there is significant development upside, including the potential to build up to a 1,200 sq ft ADU and a 500 sq ft Junior ADU for additional living space. Per city guidelines, there may also be potential to subdivide the property, as zoning requires a minimum of 9,450 sq ft per lot. The large parcel provides multiple possibilities to expand, redevelop, or maximize long-term investment value. Total building coverage may be up to approximately 5618.8 sq ft, creating substantial opportunity to design and build a custom residence or income-producing property. Conveniently located near Haven City Market, Plaza West Covina, and a variety of shopping and dining options, with easy access to the 10, 605, and 57 freeways. Buyer and Buyer's agent to verify all zoning, subdivision possibilities, ADU guidelines, current building code requirements, permits, utilities access, and regulations with the City. Site/floor plan is for reference only, Buyer and Buyer’s agent to verify condition.
Location
West Covina, Los Angeles County, CA 91790
Open on Google Maps ↗Listed by: Jessica Lam · REALTY MASTERS & ASSOCIATES
Payment estimate
$6,198
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $84,900 · Loan: $764,100
- Principal & Interest
- $4,695
- Property tax (1.25%)
- $884
- Homeowners insurance
- $300
- Mortgage insurance
- $318
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 West Covina home with as little as 3.5% down using an FHA loan — roughly $29,715 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.
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