1247 San Bernardino Rd Covina, CA 91722-3509
- Office buildings
- 2,529 SF
- 0.42 lot acres
Current Use by Public Records
- Kid Zone Children Center / Child Care Agency
Property Details for 1247 San Bernardino Rd
- Year built
- 1950
- Lot size
- 0.42 lot acres
- Property size
- 2,529 SF
- Zone code
- CVCP*
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $535,000
- 6.5%
- $520,000
- 7%
- $510,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $470,000
- Geo Method
- $565,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $525,000
- Retail
- $465,000
- Mixed-Use
- $545,000
- Hospitality
- $440,000
- Educational
- $430,000
- Residential Income
- $530,000
- Energy
- $475,000
- Income-Based Land
- $415,000
- Food Service
- $465,000
Location Insight
- Map
- Local Demand
- City
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.915
- Latitude
- 34.089
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA