Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as the exclusive advisor, is pleased to present the opportunity to acquire 675 Glendora (“Property” or “Site”), a rare residential development opportunity in West Covina, California. 675 Glendora presents an opportunity in a land-constrained submarket, with sufficient scale to support the development of a potential residential community.

West Covina is located in the eastern San Gabriel Valley of Los Angeles County and is known for its suburban community, convenient retail centers, and proximity to major regional employment hubs. The city has an estimated population of approximately 105,000 residents and a median household income of about $101,000.

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Attributes

Land area gross

5.22 acres

Media

Investment Highlights

Rare Infill Opportunity

A rare, large parcel in a fully built-out submarket where developable land is scarce, offering the scale to deliver a potential town home community.

Abundance of Amenities

Located walking distance to multiple shopping centers including Plaza West Covina, Marketplace at the Lakes, and Vincent Plaza, the location offers future residents convenient access to retail, dining, and everyday essentials.

Under-supplied Market

Attached product (townhomes) makes up just 8.6% of West Covina’s ±34,000 housing units, versus 64.4% detached single-family. The inventory demonstrates a lack of attainable, townhome inventory for entry level buyers.

Comfortable Suburban Community