1024 Citrus Ave Covina, CA 91722-2739

Property Details for 1024 Citrus Ave

Year built

1956

Lot size

3.82 lot acres

Property size

22,681 SF

Zone code

CVC2YY

Property type

Community centers

APN

8422-001-016

APU

8422001016

Description

This exceptional 3.96-acre land parcel in Covina, California, presents a remarkable redevelopment opportunity for discerning investors and developers. Located at 1024 N Citrus Ave, 91722, within Los Angeles County, this expansive site is zoned C2 with Affordable Housing and Mixed-Use Overlay District designations. The property's strategic location is surrounded by established residential communities, offering immediate access to existing infrastructure and a strong potential customer base. The C2 zoning allows for a high-density development, with the City of Covina permitting up to 40 residential units per acre. This translates to a potential build-out of approximately 150 residential units, making this a truly significant development project. The asking price for this prime piece of real estate is $27,000,000. This represents a unique chance to create a landmark development in a highly desirable California locale, capitalizing on the significant potential for both residential and potentially commercial components, given the mixed-use zoning. The property's size and zoning make it one of the largest available parcels in Covina, presenting a rare opportunity to shape the future of the community. This is a Class C property offering substantial returns for the right developer. Don't miss this chance to acquire a cornerstone property in a thriving area.

Location Insight

City

Covina

County

Los Angeles

State

California

Longitude

-117.89

Latitude

34.0984

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments