4720 Grand Ave Covina, CA 91724
- Commercial real estate
- 0.44 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4720 Grand Ave
- Lot size
- 0.44 lot acres
- Property type
- Commercial real estate
- APN
- 8404-004-053
Description
This exceptional 0.44-acre development opportunity is located in Covina, California, at 4720 N Grand Ave, within Los Angeles County. Zoned C-2-BE, this property presents a prime location for multi-family residential development. Boasting a highly visible frontage on N Grand Ave, it benefits from an average daily traffic count of approximately 33,000 vehicles. The site's strategic position between the 210 and 10 Freeways ensures easy access to major transportation arteries. Surrounded by a thriving mix of retail businesses, restaurants, and residential neighborhoods, this location offers a Walk Score of 70, indicating convenient walkability to amenities. Nearby attractions include Heritage Park and Walnut Creek Community Regional Park, both within a short driving distance. Educational institutions such as Charter Oak High School, Sonrise Christian School, Royal Oak Middle School, and Charter Oak Adult Education are also conveniently located within a 2-5 minute drive. Immediate proximity to Stater Bros and Dollar Tree adds to the site's appeal. The strong demographics of the area, with an average household income exceeding $105,689 within a 3-mile radius, further enhance the investment potential of this property. The APN is 8404-004-053. This is a rare opportunity to develop a multi-family project in a high-demand location. The asking price is $1,100,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.87250681675
- Latitude
- 34.098128975907
