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$2,600,000 Just Listed
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Property Description
**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.**
Full Property Details
Full Property Details for 21324 E Arrow
General
- Price: $2,600,000
- Status: Active
- Type: Lots/Land
- Source: MRMLS
- MLS ID: AR26206881
- Updated: 10/13/2026
- Days on Market: 2 days
- Added to Site: 2 day(s) ago
Location
- Area: 614 - Covina
- County: Los Angeles
- Development Name: 614 - Covina
- Driving Directions: E Arrow and N Valley Center Ave
- Dist. to Beach: In street (Miles)
Utilities
- Dist. to Water: In street
- Utility Description: Water Available, Sewer Available, Phone Available, Natural Gas Available, Cable Available, Electricity Available
Lot Features
- Property View: None
- Lot Size (Acres): 0.676
- Lot Size (Sq. Ft.): 29,447
- Lot Size Source: Assessor
- Zoning: MXD/MU
- Lot Description: Street Lights, Storm Drains, Sidewalks
Financial Considerations
- Price Per Sq. Ft.: $88.29
Listed by Moran Real Estate Inc., James Moran
Get Pre-Approved Today
Schools
Schools serving 21324 E Arrow
School District:Charter Oak Unified School District
| Name | Grades | Distance |
|---|---|---|
Glen Oak Elementary School 1000 North Sunflower Avenue, Covina, CA 91724 | K-6 | 0.7 mi |
Royal Oak Middle School 303 South Glendora Avenue, Covina, CA 91724 | 7-8 | 2.1 mi |
Charter Oak High School 1430 East Covina Boulevard, Covina, CA 91724 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 21324 E Arrow
Date
Details
Price
Change
Source
10/13/2026
Listed
$2,600,000
73.33%
MLS
3/19/2025
Sold
$1,500,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 21324 E Arrow
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,745
—
$1,530,000
277%
2025
$5,745
7%
$406,211
2%
2024
$5,394
2%
$398,247
2%
2023
$5,277
1%
$390,439
2%
2022
$5,217
1%
$382,784
2%
2021
$5,141
1%
$375,279
1%
2020
$5,088
1%
$371,432
2%
2019
$5,040
15%
$364,150
2%
2018
$4,394
1%
$357,011
2%
2017
$4,333
3%
$350,012
2%
2016
$4,191
—
$343,150
2%
2015
$4,176
—
$337,997
2%
2014
$4,185
1%
$331,377
—
2013
$4,159
—
$329,880
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 21324 E Arrow
21324 E Arrow, Covina, CA 91724 (MLS# AR26206881) is a Lots/Land property with a lot size of 0.6760 acres. 21324 E Arrow is currently listed for $2,600,000 and was received on October 13, 2026. Want to learn more about 21324 E Arrow? Do you have questions about finding other Lots/Land real estate for sale in Covina? You can browse all Covina real estate or contact a Coldwell Banker agent to request more information.

