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For SaleLuxury

$1,995,000

13,199 sqft$151/sqft62 days on market

21312 E Arrow Hwy

Covina, CA 91724

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

13,199

Square feet

1953

Built

Listing narrative

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)

Listing agent (MLS): Jason Allen · Listing brokerage (MLS): MOSO Real Estate

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,995,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Mixed Use

Home Size

13,199 sqft

Baths

Baths n/a

Lot Size

0.30 acres

Year

1953

Status

For Sale

Days on Market

62

$ / Sqft

$151

· 8% down, 7% APR, 30yr fixed
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Courtesy of MOSO Real Estate