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$599,999
Est. payment /mo
0.93 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PW26147658
HOA Y/N No
Lot Size 0.927 Acres
Property Description
Exceptional Development Opportunity in Covina's Prestigious East Hills
Rare opportunity to acquire approximately one acre of predominantly flat, usable land in the highly sought-after East Hills of Covina, surrounded by established luxury estates and custom residences. Located at 2682 S. Buenos Aires Drive, this expansive parcel offers outstanding potential for developers, builders, investors, or those looking to design and construct a private dream estate.
The property is zoned LACR1 (Los Angeles County Residential One-Acre), providing flexibility for residential development subject to Los Angeles County regulations and applicable state housing laws. Buyers are encouraged to investigate the potential for an SB 9 urban lot split, custom home development, or a luxury estate with an accessory dwelling unit (ADU), subject to verification with the appropriate governmental agencies. SB 9 may allow qualifying single-family parcels to be divided into two lots or accommodate additional residential units when eligibility requirements are met.
With utilities available nearby, a desirable location, and continued demand for luxury housing throughout Covina's East Hills, this property presents an exceptional opportunity to create long-term value. Large residential parcels of this size, usability, and location are increasingly difficult to find. Whether you're a developer seeking your next project or an owner looking to build a signature estate, this property offers the space, setting, and potential to bring your vision to life.
Rare opportunity to acquire approximately one acre of predominantly flat, usable land in the highly sought-after East Hills of Covina, surrounded by established luxury estates and custom residences. Located at 2682 S. Buenos Aires Drive, this expansive parcel offers outstanding potential for developers, builders, investors, or those looking to design and construct a private dream estate.
The property is zoned LACR1 (Los Angeles County Residential One-Acre), providing flexibility for residential development subject to Los Angeles County regulations and applicable state housing laws. Buyers are encouraged to investigate the potential for an SB 9 urban lot split, custom home development, or a luxury estate with an accessory dwelling unit (ADU), subject to verification with the appropriate governmental agencies. SB 9 may allow qualifying single-family parcels to be divided into two lots or accommodate additional residential units when eligibility requirements are met.
With utilities available nearby, a desirable location, and continued demand for luxury housing throughout Covina's East Hills, this property presents an exceptional opportunity to create long-term value. Large residential parcels of this size, usability, and location are increasingly difficult to find. Whether you're a developer seeking your next project or an owner looking to build a signature estate, this property offers the space, setting, and potential to bring your vision to life.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning LACR1
Interior
Fireplace No
Exterior
Community Features Biking, Curbs, Foothills, Fishing, Golf, Hiking, Near National Forest
View Y/N Yes
View Hills, Mountain(s), Neighborhood, Panoramic
Present Use Residential,Single Family,Storage,Unimproved
Building
Lot Description 0-1 Unit/Acre, 2-5 Units/Acre, Back Yard, Sloped Down, Front Yard
Water Public
New Construction No
Others
Senior Community No
Tax ID 8277004026
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit
Special Listing Condition Standard
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Listed by Christopher Arrieta Seven Gables Real Estate 949-514-7538, DRE #01876203
NEARBY SCHOOL & BUSINESS
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