3242 N Rancho La Carlota
Covina, CA, 91724
$945,000
MLS: IV26136601
Beds
4
Baths
2
Sq Ft
2,028
Lot
0.67 ac
Year Built
1957
MLS #
IV26136601
Days on Market
19
Listed
Jun 25, 2026
Description
Uncover a remarkable opportunity for fix-and-flip investors at 3242 Rancho la Carlota Rd, Covina, CA 91724. This sprawling detached ranch-style home presents an expansive canvas for transformation, set on a generous 29,100 sq ft lot. The property currently boasts 4 bedrooms and 2 bathrooms within its 2,028 sq ft of living space. Imagine the potential to revitalize this classic footprint, crafting a modern showpiece that commands attention in the market. While an unpermitted addition and garage conversion likely expand the functional space to approximately 2,519 sq ft, savvy investors will focus on the current 4-bedroom, 2-bathroom layout and the significant lot size as the core value proposition. The property's location in an unincorporated area of Covina offers a unique blend of spaciousness and accessibility, appealing to a broad range of future homeowners. The existing animal corral on the property hints at possibilities for those seeking a larger, more versatile outdoor space, or could be reimagined to enhance the landscape. This is more than just a house; it's a strategic investment, primed for capital appreciation through intelligent renovation and design. Don't miss the chance to unlock the immense value embedded in this Covina gem. Seize this exceptional fix-and-flip opportunity; contact us today to schedule your private viewing and explore how this property can become your next profitable project.
Location
Covina, Los Angeles County, CA 91724
Open on Google Maps ↗Listed by: CARLA GARCIA · ESPINOZA REALTY
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$7,121
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $94,500 · Loan: $850,500
Average 30-yr fixed rate 6.69% as of Aug 6, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,482
- Property tax (1.25%)
- $984
- Homeowners insurance
- $300
- Mortgage insurance
- $354
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 Aug 6, 2026
- 30-year fixed
- 6.69%
- 15-year fixed
- 6.01%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $33,075 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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Local Market Stats
See Covina, CA 91724 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
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