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    345 Citrus Ave Covina, CA 91723

    Sponsored
    For Sale
    $13,200,000

    2.05 Acres, Mixed-Use Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.05-acre commercial land parcel, located at 345 S Citrus Ave in Covina, California (zip code 91723), presents a unique investment opportunity. Situated in Los Angeles County, this property boasts a highly desirable MUOD/C-3A Mixed Use/commercial zoning designation (verification with the City of Covina is recommended). The expansive lot size, approximately 89,172 square feet, offers significant development potential. This is the last major undeveloped land parcel available off Citrus Avenue, making it a truly rare find. The location benefits from exceptional visibility and accessibility, with an average daily traffic count of approximately 24,275 vehicles. This prime location offers unparalleled exposure for a wide range of commercial developments. The asking price for this remarkable property is $13,200,000. Serious inquiries only. Don't miss this chance to acquire a significant piece of Covina's commercial landscape. The property's coordinates are 34.0767495 latitude and -117.8911201 longitude.

    Property Features for 345 Citrus Ave

    General Information

    Property type
    Land
    Lot Size
    89,298 SF

    HighLights

    • 2.05‑acre site (approx. 89,172 sq. ft.)
    • MUOD/C‑3A Mixed‑Use zoning (Buyer to verify with City of Covina)
    • Last remaining large development parcel on Citrus Avenue
    • Average daily traffic count: approx. 24,275
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.8911201
    Latitude
    34.0767495

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    FAQs

    What type of property is this?
    Land - 2.05 Acres, Mixed-Use Zoning
    Where is this land located?
    The property is located at 345 Citrus Ave Covina, CA.
    What is the asking price?
    The asking price for this property is $13,200,000.
    What are key features of this property?
    This property features: 2.05-acre site (approx. 89,172 sq. ft.); MUOD/C-3A Mixed-Use zoning (Buyer to verify with City of Covina); Last remaining large development parcel on Citrus Avenue
    Request Owner's contact information
    345 Citrus Ave Covina, CA 91723
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    345 Citrus Ave
    Covina, CA 91723
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    345 Citrus Ave Covina, CA 91723
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