Investment Opportunity · Covina, CA
21324 E Arrow Hwy, Covina, CA 91724
35-Unit Entitled Multifamily Development Site
Covina, CA — San Gabriel Valley
$2,600,000.
Asking Price
35 Units
Entitled Units
±1.27 Acres
Lot Size
R-3
Zoning
8443-003-028
APN
Property Overview
Key Property Highlights
Fully Entitled
All discretionary approvals secured. Ready to submit for building permits with no additional entitlement risk.
R-3 High-Density Zoning
Zoned for high-density multifamily residential, supporting 35 units at ±27.6 units per acre.
±1.27-Acre Parcel
Level, rectangular lot totaling ±55,321 SF — an efficient footprint for multifamily construction.
Prime SGV Location
Situated on E Arrow Hwy in Covina, within a high-demand submarket with strong rental fundamentals.
All Utilities Available
Water, gas, electric, and sewer are all available at the site
By the Numbers
Investment at a Glance
35
Entitled Units
Fully approved — no additional entitlement risk
±1.27 ac
Site Area
±55,321 SF level, rectangular parcel
R-3
Zoning
High-density multifamily residential
Development Status
Entitlements & Key Milestones
Site Acquisition
Parcel assembled and acquired for multifamily development.
Planning & Design
Architectural plans and civil engineering completed for 35-unit project.
Discretionary Approvals
All city approvals and entitlements secured with no conditions outstanding.
Permit-Ready
Project is ready to submit for building permits — development can commence immediately.
Architectural Renderings
Proposed Development Renderings
Mediterranean-inspired townhome design with private garages, balconies, and landscaped streetscape.
Renderings are conceptual and subject to change. For illustrative purposes only.
Location
Covina — San Gabriel Valley
Located along E Arrow Hwy in the City of Covina, the site benefits from excellent freeway access via the I-10 and SR-39, proximity to employment centers, retail, and transit, and strong multifamily demand across the San Gabriel Valley submarket.
- ±1 mile to I-10 (San Bernardino Freeway)
- Adjacent to retail, dining, and services on Arrow Hwy
- Strong rental demand in the San Gabriel Valley
- Covina Metrolink Station within 1 mile
