Description
**DEVELOPMENT OPPORTUNITY | FULLY ENTITLED 35-UNIT MULTI-FAMILY PROJECT** Rare opportunity to acquire an **entitled residential development site in Covina** with Planning Commission approval in place for a **35-unit residential project**. The approved plans call for a **three-story building with 35 residential units and 54 parking spaces**, providing an attractive opportunity for developers and investors seeking a project with the entitlement process substantially completed. The property offers the potential to move forward with a residential development without starting the entitlement process from the beginning. **Planning Commission approval has been granted and project entitlements are complete.** Conveniently located near **local restaurants, shopping, major transportation corridors, and freeway access**, offering future residents convenient access to surrounding amenities and employment centers. **ENTITLEMENTS & DUE DILIGENCE:** Approved plans are available during the due diligence materials e to qualified buyers. Contact the listing broker for access to the due diligence package. **Buyer to independently verify all information, including plans, entitlements, approvals, zoning, development standards, permits, measurements, costs, and project feasibility with the appropriate agencies.**
Details
| MLS # | AR26206881 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 14 |
| Listing Provided By | Moran Real Estate Inc. | James Moran |
Features
| Zoning | MXD/MU |
|---|---|
| Acreage | 0.68 |
| Property View | None |
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|
Location
| Community Features | Storm Drains, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Covina |
| Zip Code | 91724 |
| Area | 614 Covina |
| Listing VS Median (in 91724) | |
Price: $2,600,000 low | high Med: $650,000 On site: 14 low | high Med: 70 | |
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: $2,600,000 low | high Med: $650,000 On site: 14 low | high Med: 70 | |