1247 San Bernardino RdCovina, CA 91722

Property Details for 1247 San Bernardino Rd

Year built

1950

Lot size

0.42 AC

Property size (Sq ft)

2,529 SF

Zone code

CVCP*

Property type

Office properties

Property subtype

Office buildings

APN

8434-004-023

APU

8434004023

Description

This exceptional 2,529 sq ft industrial property, situated on a 0.42-acre lot in Covina, CA, presents a remarkable business or investment opportunity. Boasting a highly visible location with excellent drive-by traffic, the property benefits from proximity to major freeways (210, 605, 10, and 57), Home Improvement Warehouse, hotels, parks, restaurants, apartments, a hospital, schools, and grocery stores. Currently operating as a daycare center, the building offers significant versatility. The existing structure includes six private rooms/spaces, three bathrooms, a full kitchen, a large eating area, and a substantial outdoor storage shed. The expansive 18,000+ sq ft lot currently features 11 parking spaces, with potential for expansion to 30 spaces with upgrades. Zoned C-P (Professional Offices), the property is ideally suited for a wide range of uses, including real estate offices, IT offices, adult care facilities, professional services businesses, showrooms, and accounting/CPA offices. This property's prime location and adaptable space offer endless possibilities for a savvy investor or business owner seeking a strategic move. The sale does not include the existing daycare business.

• CAP approach

  CAP return

  Valuation

  6%

  $677,668

  6.5%

  $625,540

  7%

  $580,858

• Comparable approach

  Method

  Valuation

  Relative Method

  $478,912

  Geo Method

  $480,915

• Alternative Use

  Use

  Valuation

  Residential

  $775,669

  Hospitality

  $710,509

  Educational

  $591,135

  Medical

  $611,465

  Retail

  $919,543

Location Insight

City

Covina

County

Los Angeles

State

California

Latitude

34.089

Longitude

-117.915

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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