Remodeled Freestanding Building on San
578 580 E San Bernardino Rd Covina, CA 91722
For Sale
$899,000
2,967 SF remodeled building suitable for retail, office, or restaurant.
Property Size2,967 SF
Lot Size0.20 Acres
Price / SF$302
Days on Market95
Property Features for 578 580 E San Bernardino Rd
General Information
Standard status
Active
Size
2,967 SF
Lot size
0.20 Acres
Property subtype
Commercial
Building Details
Year Built
1965
Listing Agency:
Top Commercial Realty
(626) 335-2072
Listed By:
Linda Vidov · License #1715788
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 11:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Top Commercial Realty
Investment Insights
Based on property information with market context.
This is a free-standing 2,967 square foot building on approximately 8,747 square feet of land. The property features a front office area with a large open working area, a conference room, two private offices, a kitchenette, two ADA compliant restrooms, and a storage area. The back portion of the building has a large room that could be opened up, a large flex space currently used as a garage, and a walk-in refrigerator. The building was completely remodeled in 2017 with new HVAC, plumbing, electrical, lighting, flooring, paint, and all new fixtures throughout. Currently used as one unit by an owner/user, the building will be vacated at the close of escrow. It was previously a two-tenant building, and the second entrance door remains, allowing it to be restored to two units. There is a rear parking area with 12 spaces and alley access. The zoning allows for retail, restaurant, office, medical, and other ancillary uses. The property is located along highly trafficked San Bernardino Road between Grand and Barranca, less than one mile from Downtown Covina restaurants and shopping, with close access to the 10 freeway.
Key Highlights
- Fully remodeled in 2017 with new HVAC, plumbing, electrical, lighting, flooring, paint and fixtures.
- Versatile zoning allows for retail, restaurant, office, medical, and other uses.
- Potential for two‑tenant occupancy with existing second entrance.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.9k | $38.40 |
| − Vacancy | −$27.5k | −$9.25 |
| EGI | $86.5k | $29.15 |
| − OpEx | −$21.6k | −$7.29 |
| NOI | $64.9k | $21.86 |
2,967 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$926.5K
$810.7K – $1.08M
NOI $64,856 @ 7.0% cap · market cap 7.21%
Second Best
Industrial
$495.3K
$433.4K – $577.9K
NOI $34,673 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,196 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- SoCal Sizzle Taco Catering — 599 S Barranca Ave #211, Covina, CA 91723
- Pane e Vino — 143 N Citrus Ave, Covina, CA 91723
Frequently Asked Questions
What type of property is this?
Flex space - 2,967 SF remodeled building suitable for retail, office, or restaurant.
Where is this flex space located?
The property is located at 578 580 E San Bernardino Rd Covina, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Fully remodeled in 2017 with new HVAC, plumbing, electrical, lighting, flooring, paint and fixtures.; Versatile zoning allows for retail, restaurant, office, medical, and other uses.; Potential for two‑tenant occupancy with existing second entrance.
