Covina homes
For sale19 days on market
$2,600,000

21324 E Arrow, Covina, CA 91724

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Beds
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Baths
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Sq ft

About this home

**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.**

Type
Residential
Year built
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Lot
29,447 sq ft (0.68 ac)
Garage
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HOA
None
Pool
No
View
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Solar
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Estimated payment
$16,397/mo
  • Principal & interest$13,147
  • Property tax (est.)$2,492
  • Home insurance (est.)$758

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of James Moran, Moran Real Estate Inc., 626-644-4426. MLS# AR26206881. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 9:30 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.

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