890 S Magnolia Avenue
Ontario, CA 91762
69,000Sqft(Lot)
Development opportunity to build a 49 unit 5 story apartment building with 108 parking spaces. The gross building area is 101,687 SF, the net rentable area is 50,280 SF and the lot size is 69,000 SF. Unit breakdown: 12-1 Bedroom units and 37-2 bedroom units. Excellent Ontario location adjacent to a 75 unit apartment building located at 840 S Magnolia that was built in 2019. Project could be redesigned to build up to 71 units on the site.The property is currently improved with a single family residence that is rented to a tenant. However, the property is being marketed as land for development of a 49 unit apartment building which will require demolition of the existing residence. The property will be delivered vacant at the Close of Escrow. Buyer will be responsible for demolition of the e
Property Details
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Map
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Features
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Bathroom Information
Total Baths: 0
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 1.584 -
Lot Size Source: Public Records Lot Size Square Feet: 69000
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Listing Price Information
Original List Price: 4,200,000 Listing Contract Date: 2023-04-21 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 1011371160000
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Other Property Info
Source Listing Status: Active Source Neighborhood: 686 - Ontario Directions: South on S. Magnolia Ave. from W Mission Blvd. Zoning: HDR-45 Source Property Type: Land Area: 686 - Ontario
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 823 W 5th, Ontario, CA, 91762 | $400,000 | -- | -- | -- | 13,000 Sqft(Lot) |
| 549 W Holt Boulevard, Ontario, CA, 91762 | $1,995,000 | -- | -- | -- | 35,814 Sqft(Lot) |
| 1411 W Mission Boulevard, Ontario, CA, 91762 | $398,000 | -- | -- | -- | 7,533 Sqft(Lot) |
| 1528 1538 W Holt, Ontario, CA, 91762 | $1,800,000 | -- | -- | -- | 28,150 Sqft(Lot) |
| W Phillips, Ontario, CA, 91762 | $2,710,000 | -- | -- | -- | 179,552 Sqft(Lot) |
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ByOwner last updated this listing 06/20/2026 @ 01:59
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