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1227 E Grovecenter St 2,335 SF Specialty Building Offered at $1,230,000 in West Covina, CA 91790
Investment Highlights
- This rare find combines a fully renovated single-family home with a permitted ADU and an established short-term rental business already in place.
- Fully renovated in 2022
Executive Summary
This rare find combines a fully renovated single-family home with a permitted ADU and an established short-term rental business already in place. Updated throughout in 2022, the property features a bright open floor plan with a gourmet kitchen boasting quartz countertops, stainless steel appliances, and ample cabinetry that flows into the living, dining, and family rooms. New flooring, fresh paint, energy-efficient windows, and completely updated bathrooms with modern fixtures create a warm, move-in-ready interior designed for both comfortable daily living and effortless entertaining. The flexible layout is a standout feature. The main residence offers four bedrooms and three-and-a-half baths and can be used as one large home or configured into two separate spaces thanks to the installed independent entrance: one side with three bedrooms and two-and-a-half baths, the other a private one-bedroom, one-bath area. This pairs perfectly with the charming independent 560-square-foot unit in the back, giving you true multi-unit functionality under one roof. Two separate electrical panels, permitted washer and dryer hookups both indoors and out, and room for a potential JADU with its own entrance further expand the possibilities for multi-generational living, house hacking, or scaling rental income. Outside, the spacious backyard provides plenty of room for gardening, play, or pets, while the long driveway and carport deliver ample parking. All existing furnishings are included, making this a true turnkey opportunity. The property has operated successfully for three years as two separate short-term rental listings under professional management, generating reliable income that a new owner can continue (either hands-off with the existing team or by self-managing for higher returns) or transition to long-term tenants if preferred. Positioned north of the 10 Freeway and west of Azusa Avenue, the home sits in a convenient, family-oriented pocket of West Covina with quick access to major freeways, nearby schools including Grovecenter Elementary, restaurants, parks, and everyday shopping. Whether you want to live in the main home while renting the ADU for extra income, occupy one portion and keep the business running, or purchase as a pure investment with proven cash flow already established, this property delivers both lifestyle flexibility and strong financial upside in a location that supports steady demand.
Located in a popular Chinese-American community, this property features a Single-Family Residence (SFR) plus an Accessory Dwelling Unit (ADU)—totaling 2,335 sq. ft.—that underwent a complete renovation in 2022 and has been well-maintained. It is being sold with an established business (3 years of Airbnb operations) and all existing furniture included (West Covina).
• **Reason for Sale:** Currently corporate-owned; unable to meet municipal requirements for renting under an "owner-occupied" model.
• **Valuation Basis:** A solid asset generating stable income (average annual revenue of ~$96,000; managed by a local professional Airbnb team with a 20% management fee; net profit of ~$65,000).
• **Price:** $1.23M
• **Layout/Structure:** (Currently operating as two Airbnb listings)
1) Unit A: 1,767 sq. ft., 4 bedrooms/3.5 bathrooms (Note: Can be split into two rental units—3 bd/2.5 bath + 1 bd/1 bath—as a separate entrance has already been installed).
2) Unit B: 560 sq. ft., 1 bedroom/1 living room/1 bathroom (detached unit).
• **Ideal Buyer:** Best suited for an owner-occupant who can continue operating part of the property as an Airbnb (self-manage to increase profits or retain the professional team for passive income) or consider securing long-term tenants.
• **Buyer Motivation:** Seeking stable, high returns, capital appreciation, and business expansion.
Located in a popular Chinese-American community, this property features a Single-Family Residence (SFR) plus an Accessory Dwelling Unit (ADU)—totaling 2,335 sq. ft.—that underwent a complete renovation in 2022 and has been well-maintained. It is being sold with an established business (3 years of Airbnb operations) and all existing furniture included (West Covina).
• **Reason for Sale:** Currently corporate-owned; unable to meet municipal requirements for renting under an "owner-occupied" model.
• **Valuation Basis:** A solid asset generating stable income (average annual revenue of ~$96,000; managed by a local professional Airbnb team with a 20% management fee; net profit of ~$65,000).
• **Price:** $1.23M
• **Layout/Structure:** (Currently operating as two Airbnb listings)
1) Unit A: 1,767 sq. ft., 4 bedrooms/3.5 bathrooms (Note: Can be split into two rental units—3 bd/2.5 bath + 1 bd/1 bath—as a separate entrance has already been installed).
2) Unit B: 560 sq. ft., 1 bedroom/1 living room/1 bathroom (detached unit).
• **Ideal Buyer:** Best suited for an owner-occupant who can continue operating part of the property as an Airbnb (self-manage to increase profits or retain the professional team for passive income) or consider securing long-term tenants.
• **Buyer Motivation:** Seeking stable, high returns, capital appreciation, and business expansion.
Property Facts
| Price | $1,230,000 | Building Class | C |
| Price Per SF | $526.77 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,335 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Residential Income | Year Built | 1955 |
| Zoning | WCR17500* - R2 | ||
| Price | $1,230,000 |
| Price Per SF | $526.77 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,335 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Zoning | WCR17500* - R2 |
Amenities
- Air Conditioning
- Shower Facilities
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8441-008-005 | Improvements Assessment | $254,307 |
| Land Assessment | $583,371 | Total Assessment | $837,678 |
Property Taxes
Parcel Number
8441-008-005
Land Assessment
$583,371
Improvements Assessment
$254,307
Total Assessment
$837,678
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1227 E Grovecenter St