890 S Magnolia, Ontario, CA 91762

Ontario
Local realty services provided by:ERA Donahoe Realty
890 S Magnolia,Ontario, CA 91762
$2,650,000
  • 0 Acres
  • Lots / Land
  • Active
Listed by: donald hinton
Office: engel & voelkers la canada
MLS#:P1-28323
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,650,000

About this home

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...

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Home facts

  • Listing ID #:P1-28323
  • Added:1 day(s) ago
  • Updated:August 06, 2026 at 02:37 AM

Finances and disclosures

  • Price:$2,650,000
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