554 W Verness
Covina, CA, 91723
$739,000
MLS: IG26069165
Beds
4
Baths
2
Sq Ft
2,325
Lot
0.19 ac
Year Built
1954
MLS #
IG26069165
Days on Market
17
Listed
Mar 31, 2026
Description
In the heart of Covina, a home full of space, potential, and opportunity. This expansive residence offers a grand layout with generously sized living areas, providing the perfect foundation for both comfortable living and large-scale entertaining. With its substantial square footage and versatile floor plan, this property presents a unique opportunity to be transformed into a 6-bedroom home, ideal for multi-generational living, investment potential, or those simply seeking extra space. The existing layout allows for flexible use of rooms, including the possibility of creating dedicated entertaining areas, home offices, or guest quarters. While the home does require updating and care, it offers a rare chance to customize and add value, making it truly your own. With vision and improvements, this property can be elevated into a stunning, spacious residence that blends functionality with modern style. Conveniently located near local amenities, schools, and major freeways, this is an exceptional opportunity for buyers looking to create something special in a desirable Covina neighborhood.
Location
Covina, Los Angeles County, CA 91723
Open on Google Maps ↗Listed by: Elizabeth Wojtaszek · RE/MAX CHAMPIONS
Payment estimate
$5,433
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $73,900 · Loan: $665,100
- Principal & Interest
- $4,086
- Property tax (1.25%)
- $770
- Homeowners insurance
- $300
- Mortgage insurance
- $277
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 $25,865 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 91723 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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