740 E San Bernardino Road 2, Covina, California 91723, Covina, 91723 - 2 bed, 2 bath
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740 E San Bernardino Road 2
Covina, California 91723
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,086Sq Ft
45,665Lot Size
Property Price
LIST PRICE$488,800
EST. MARKET VALUE
$488,800
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $488,800, which aligns with its $488,800 Fair Market Value. While the property maintains a Condition Rating of 4, it offers a functional layout with Central HVAC, In-Unit Laundry, and access to a Pool and Spa. Situated near Top-Rated Schools like South Hills High, this unit provides a stable, low-maintenance lifestyle. Its private, top-floor positioning above the garage ensures quiet living, making it an ideal acquisition for first-time buyers or Owner-Occupants seeking a well-located, accessible home.
Estimated Market Value
$488,800
Based on Realkey algorithm analyzing recent comparable sales in Covina.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 740 E San Bernardino Road 2 Subject | $488,800* List Price | 2 | 2 | 1,086 | $450 | - |
A 776 E San Bernardino 7 Active Under Contract | $469,900 List Price | 2 | 2 | 969 | $485 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1985, this property is over 30 years old and shows signs of aging despite cosmetic 'lipstick' updates. While the flooring and some appliances have been updated, the kitchen and bathrooms feature dated cabinetry and countertops that reflect the original construction era. The central HVAC is a plus, but the overall condition requires modernization to reach current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Accessibility
Situated just minutes from Downtown Covina, the property offers exceptional access to local dining, shopping, and major freeways, making it highly desirable for commuters and those seeking an urban lifestyle.
- Enhanced Privacy Layout
Positioned above the garage with no neighbors living directly below, this unit provides a level of privacy and quiet rarely found in multi-family condominium complexes.
- Comprehensive Community Amenities
The gated community offers high-value features including a pool, spa, and well-maintained grounds, complemented by essential in-unit conveniences like central HVAC and laundry hookups.
CONSRISKS & DEFICIENCIES
- Extended Market Stagnation
With 126 days on the market and a prior price reduction, the property has experienced significant lag in buyer interest, which may affect its perceived market value during negotiations.
- High Monthly Carrying Costs
The $400 monthly association fee represents a substantial recurring expense that may impact overall affordability and debt-to-income ratios for prospective buyers.
About 740 E San Bernardino Road 2
Spacious condo located in a gated community just minutes from Downtown Covina. This 2 bedroom, 2 bathroom home offers a comfortable and functional layout with an open living and dining area, fireplace, and sliding glass door leading to a private balcony. The primary bedroom features a bold accent wall, ample space, and a walk-in closet with direct access to the en-suite bathroom. The secondary bedroom is well-sized and conveniently located near the second full bath. The kitchen includes ample cabinetry and workspace, opening to the main living areas for easy everyday living. Positioned above the garage for added privacy, the home also includes in-unit laundry, central air and heat, and assigned parking. The community offers well-maintained grounds along with a pool and spa. Conveniently located near shopping, dining, and entertainment in Downtown Covina with easy access to major streets and freeways.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 45,665 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $400.0 / Month
Neighborhood Insights
Covina Unified Schools
Ben Lomond Elementary School
Grades K-5 • 0.6 mi
7/10
Sierra Vista Middle School
Grades 6-8 • 0.6 mi
5/10
South Hills High School
Grades 9-12 • 2.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.5 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,086 | 1,286.818 |
| Lot Size | 45,665 | 61,961.273 |
| Price | $488.8K | $537.1K |
| Price per sq ft | $450 | $456 |
| Built year | 1985 | 2002 |
| HOA | $400.0 | $357 |
| Days on market | 146 | 78 |
Pricing History
Listed for Sale
Jul 17, 2026
$488,800
$498,800
-2% Price Drop
Initial Listing
Price Change
Apr 16, 2026
$498,800
Initial Listing
Sold
Dec 11, 2017
$320,000
Public Record
Sold
Jul 23, 2012
$145,000
Public Record