345 Citrus AveCovina, CA 91723

Property Details for 345 Citrus Ave

Year built

1970

Construction

TILT-UP CONCRETE

Lot size

2.05 AC

Property size (Sq ft)

4,185 SF

Zone code

CVTCC*

Property type

Retail properties

Property subtype

Auto shops

APN

8444-009-010

APU

8444009010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,648,469

  6.5%

  $1,521,664

  7%

  $1,412,974

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,997,115

  Geo Method

  $2,005,465

• Alternative Use

  Use

  Valuation

  Residential

  $1,283,580

  Hospitality

  $1,175,753

  Educational

  $978,212

  Medical

  $1,011,855

  Retail

  $1,521,664

Location Insight

City

Covina

County

Los Angeles

State

California

Latitude

34.0833

Longitude

-117.891

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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