$11,100,000

721 S Fernwood St West Covina, CA 91791

1.2 acres
Condo

Property details

About 721 S Fernwood St

Fernwood Terrace Apartments is a 30-unit garden-style apartment community (29 legal units) in the middle of The San Gabriel Valley City of West Covina. Built in 1963, the property has been gradually undergoing a complete exterior and interior renovation for the past 3 years. Currently the last couple of units are being finished at this time. The interior renovations at Fernwood Terrace feature best-in-class finish levels: fully appointed kitchens with quartz countertops, new doors, white shaker style cabinetry, wood plant-style vinyl flooring, stainless steel appliances, dishwashers, built-in microwaves, custom paint, all new blinds, and interior hardware (24 of 30 units have been completed). The units themselves are very spacious, most being between 1,000 to 1,300 sq. ft. Upper units have decks and lower units have large oversized yards. There are 43 parking spaces and the lot is 1.19 acres. Several of the units have new washer dryer units that have been installed during the renovation and there is a common laundry room as well. Exterior renovation includes all new paint, all new concrete hardscape, all new contemporary landscaping, all new asphalt, all new pool, pool deck, and pool furniture, new gating, and new exterior doors. It should be noted here that Fernwood Terrace has undergone a 3-year renovation period that is just now coming to an end, thus the financials will reflect this effort as it relates to both expenses and occupancy.

Highlights

Home typeCondominium
StatusActive
Lot size1.1941 Acres
Year built1963
MLS #OC24251036

Summary

  • MLS Number: OC24251036
  • MLS Name: CRMLS
  • Office Name: Marcus & Millichap RE Invest
  • Office Email: troy.reese@marcusmillichap.com
  • Listing Agent: Troy Reese

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 11:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

exterior space with a mountain view

$11,100,000

721 S Fernwood St

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

We're sorry, we currently don't have tax history data for this listing.

Nearby schools

7

Vine Elementary School

Public District KG-5

0.5 mi

1901 E Vine Ave

5

Cameron Elementary School

Public District KG-5

0.5 mi

1225 E Cameron Ave

8

Merced Elementary School

Public District KG-5

0.6 mi

1545 E Merced Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $76,752. Typical income of West Covina, CA residents is between $35k-100k annually. Most families are married, with kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

10%
<35k
58%
35k-100k
23%
100k-200k
9%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

30%
Single, No Kids
15%
Single, with Kids
24%
Married, No Kids
31%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
9%
12-17 yrs old
23%
18-34 yrs old
39%
35-64 yrs old
12%
65+ yrs old

What do the neighbors do for fun?

  • Men's TennisMen's Tennis
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • Nordstrom RackNordstrom Rack
  • Banana RepublicBanana Republic
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • The Cheesecake FactoryThe Cheesecake Factory
  • Jack In The BoxJack In The Box
  • StarbucksStarbucks

What do the neighbors drive?

  • VolvoVolvo
  • ToyotaToyota
  • AudiAudi

What do the neighbors listen to?

  • NewsNews
  • JazzJazz
  • AlternativeAlternative
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 721 S Fernwood St

This home is located at 721 S Fernwood St in West Covina, CA and zip code 91791 in the The San Gabriel Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since December 18, 2024 and is currently priced at $11,100,000.

In February 2025 more than 15 listings in West Covina, CA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 14 were sold below. The inventory of homes for sale in West Covina, CA between January and February 2025 increased by 4.9%. In February 2025, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $840,333.

From Rocket Homes Real Estate and based on county public records data.

More resources