Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

5141 N Lyman

Covina, CA, 91724

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$998,000

MLS: TR26010811

Beds

6

Baths

4

Sq Ft

2,400

Lot

0.18 ac

Year Built

1955

MLS #

TR26010811

Days on Market

1

Listed

Jan 16, 2026

Description

Legal records reflect a 4 bedroom, 4 bathroom single-family residence. The property is currently configured as two separate living units, each offering a 3 bedroom, 2 bathroom layout. Buyer to conduct their own investigations and rely on their own due diligence regarding permits, use, and configuration. Property features one central air conditioning system serving the home and paid-off solar, providing long-term energy savings. The flexible layout offers potential for multi-generational living or extended family use. Conveniently located in a desirable Covina neighborhood near schools, shopping, dining, and freeway access. This property presents a unique opportunity for buyers seeking space, versatility, and future potential.--DRIVE BY ONLY DO NOT DISTURB TENANTS.

Location

Covina, Los Angeles County, CA 91724

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Listed by: Marisol Amavizca · Socal Real Estate & Mgmt Inc

Payment estimate

$7,233

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $99,800 · Loan: $898,200

%
Principal & Interest
$5,519
Property tax (1.25%)
$1,040
Homeowners insurance
$300
Mortgage insurance
$374
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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 $34,930 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 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

Only large teams outsell Mike Watson · Keller Williams Realty

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