Listing Broker: Moran Real Estate Inc.
Listing Agent: James Moran
DRE #01954054: 01425464
626-644-4426
**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.**
| Listing Id: | AR26206881 |
|---|---|
| Property Type: | Land |
| Status: | Active |
| Lot Size Acres: | 0.676 |
| Waterfront?: | No |
| Basement Yn: | No |
| Listing Contract Date: | 2026-10-01 |
| Lot Size Area: | 29447.0 |
| Lot Size Source: | Assessor |
| State Or Province: | CA |
| Utilities: | CableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerAvailable, WaterAvailable |
| View: | None |
| Zoning: | MXD/MU |
| Country Subdivision: | 06037 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06037:8401021004 |
| List Price: | $2,600,000 |
|---|---|
| Association Fee: | $0 |
| Lot Size Square Feet: | 29,447.0 |
| City: | Covina |
| County Or Parish: | Los Angeles |
| Postal Code: | 91724 |
| Common Interest: | None |
| Community Features: | StormDrains, StreetLights, Sidewalks |
| Directions: | E Arrow and N Valley Center Ave |
| Distance To Water Comments: | In street |
| Elevation Units: | Feet |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, CashToNewLoan, Exchange1031 |
| Lot Size Acres: | 0.676 |
| Lot Size Units: | SquareFeet |
| MLS Area Major: | 614 - Covina |
| Original List Price: | $2,600,000 |
| Parcel Number: | 8401021004 |
| Postal City: | COVINA |
| Special Listing Conditions: | Standard |
| Current Price: | $2,600,000.00 |
| Record Signature: | -1,759,819,614 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 14, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
California Regional Multiple Listing Service, Inc. data last updated on October 14, 2026 12:44 AM - PT
Property Last Updated: October 14, 2026 12:44 AM - PT
