New Listing
21312 E Arrow,Covina, CA 91724
Covina, CA 91724
Description
RARE DEVELOPMENT & INVESTMENT OPPORTUNITY along the Arrow Highway corridor in unincorporated Los Angeles County. This approximately 0.30-acre property offers prominent Arrow Highway frontage and potential long-term redevelopment and assemblage value. The property is currently improved with an existing residence, providing potential interim use while an investor or developer evaluates future opportunities. The surrounding area is experiencing substantial residential development, including larger apartment and townhome projects. Nearby multifamily/development property has also been marketed in the $4 million+ range as of the time of this listing, further highlighting investor and developer activity in the immediate area. POTENTIAL ASSEMBLAGE OPPORTUNITY - the property's location adjacent to other parcels may create additional value to a developer seeking to assemble a larger development site. Los Angeles County planning documents have also identified this parcel and neighboring properties for higher-density housing planning, adding to the long-term redevelopment potential of this Arrow Highway corridor. Excellent opportunity for developers, builders, investors and land buyers seeking a strategically located parcel in the San Gabriel Valley. Buyer and buyer's agent to independently investigate and verify zoning, permitted uses, density, development potential, assemblage opportunities, access, utilities, entitlement requirements and all other matters with Los Angeles County and applicable governmental agencies. Seller and listing agent make no representations or guarantees regarding future development, density, entitlements or the feasibility of any proposed project. No showings. Drive by offers only. https://www.hcd.ca.gov/housing-elements/docs/los-angeles-co-6th-draft060721.pdf (page 327 at the time of this listing)
Details
| MLS # | OC26194395 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 3 |
| Listing Provided By | MOSO Real Estate | Jason Allen |
Features
| SQ Feet | 1,206 |
|---|---|
| Story(s) | 1 |
| Acreage | 0.30 |
Interior
| Heating | Central |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Covina |
| Zip Code | 91724 |
| Area | 614 Covina |
| Listing VS Median (in 91724) | |
Price: $2,250,000 low | high Med: $825,000 sqft: 1,206 low | high Med: 1,188 $ / sqft: $1,866 low | high Med: $694 On site: 3 low | high Med: 84 | |
Market Activity 91724
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Covina |
| Zip Code | 91724 |
| Area | 614 Covina |
| Listing VS Median (in 91724) | |
Price: $2,250,000 low | high Med: $825,000 sqft: 1,206 low | high Med: 1,188 $ / sqft: $1,866 low | high Med: $694 On site: 3 low | high Med: 84 | |
 | $825,00021330 E CaloraCovina, CA 91724 |