Active

890 S Magnolia Avenue

Ontario, CA 91762
Mark as Favorite
SqFt69,000

Sqft(Lot)

Excellent development opportunity. The HDR-45 zoning allows development of 45 units per acre. The property is approximately 69,000 SF which would allow development of up to 71 apartments or condominiums. This is the last parcel(s) of high-density residential land on S. Magnolia and is adjacent to a 75-unit apartment building developed in 2019. Includes parcel #'s 1011-371-16-0000 and 1011-371-15-0000.The property has been entitled for 49 apartment units; however, a buyer may pursue new entitlements for 71 units. The property is currently improved with a 2-bedroom, 2 bath single family residence that was built in 1926. The property has been priced based upon land value and the single-family residence does not contribute value to the property. The single-family home is currently rented month to month for $2,300/mo. The excess land is currently rented month to month for $275/mo. to a nursery, and the nursery tenant maintains the excess land. Please submit all offers using the CAR Residential Purchase Agreement. Buyer to cooperate with Seller's exchange. Drive by Only, Do Not Disturb the tenants. Asking price is $2,650,000 which is $37,324/Unit based upon 71 units and $38.40/​​‌​​​​‌​​‌‌​‌‌​​‌​​​‌​‌​​‌‌​‌​‌ SF.

Read More Expand

Detail Ic Property Details

Property Type : Land

Price : $2,650,000

AD Id : 89117433

MLS Id : P1-28323

Lot Size : 69,000 Sqft(Lot)

County : San Bernardino

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Lot Information

    Main Square Feet: 69000 Lot Size Acres: 1.584 Lot Size Source: PublicRecords Lot Size Square Feet: 69,000 Lot Description: Level

    Property Information

    Subdivision: Other Source Property Type: Land

  • Listing Price Information

    Listing Price: $2650000
    Exchange1031

  • Tax Information

    Parcel Number: 1011371160000

  • Utility Information

    ElectricityConnected, NaturalGasAvailable, PhoneConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: South of W Mission Blvd. WaterSource: Public
Sell a home like this and save $158,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
419 S Vine, Ontario, CA, 91762 $129,999 -- -- -- 2,620 Sqft(Lot)
823 W 5th, Ontario, CA, 91762 $400,000 -- -- -- 13,000 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)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/08/2026 @ 14:31

MLS: P1-28323 LISTED BY: Donald Hinton, Engel & Voelkers La Canada 818-790-6774 SOURCE: CRMLS

Homes around $2,650,000

Selling? Save $158,501 when you sell a home like this

Tour with a ByOwner Agent