890 S Magnolia, Ontario, CA 91762
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 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....
Contact an agent
Home facts
- Listing ID #:P1-28323
- Added:57 day(s) ago
- Updated:October 01, 2026 at 03:01 PM
Finances and disclosures
- Price:$2,650,000
New listings near 890 S Magnolia
- Coming SoonOpen Sat, 12 to 3pm
$749,000Coming Soon3 beds 2 baths1,758 sq. ft.2863 S Cypress Point, Ontario, CA 91761
MLS# TR26213534Listed by: RE/MAX GALAXY - Coming SoonOpen Sat, 11am to 2pm
$750,000Coming Soon3 beds 3 baths1,726 sq. ft.2703 S. Goldcrest Ave Avenue, Ontario, CA 91761
MLS# CV26209482Listed by: ROA CALIFORNIA INC - Coming Soon
$849,000Coming Soon4 beds 3 baths1,993 sq. ft.1444 E Saint Andrews Street, Ontario, CA 91761
MLS# CV26211728Listed by: ELEVATE REAL ESTATE AGENCY - Coming SoonOpen Sat, 11am to 3pm
$699,000Coming Soon4 beds 3 baths1,955 sq. ft.5563 Soria Drive, Ontario, CA 91762
MLS# RS26210086Listed by: THINK BOUTIQ REAL ESTATE - Coming Soon
$750,000Coming Soon3 beds 2 baths1,456 sq. ft.1911 S Holly Avenue, Ontario, CA 91762
MLS# IV26199651Listed by: RE/MAX TIME REALTY - New
$735,000Active3 beds 2 baths1,323 sq. ft.1335 W 4th Street, Ontario, CA 91762
MLS# CV26204325Listed by: KELLER WILLIAMS REALTY COLLEGE PARK - New
$750,000Active3 beds 2 baths2,025 sq. ft.1239 Vine Avenue, Ontario, CA 91762
MLS# DW26213324Listed by: KELLER WILLIAMS SELA - New
$968,000Active5 beds 3 baths2,674 sq. ft.2531 Violet, Ontario, CA 91762
MLS# TR26211793Listed by: PINNACLE REAL ESTATE GROUP - New
$589,000Active3 beds 3 baths1,201 sq. ft.2928 Plum Drive, Ontario, CA 91761
MLS# TR26213641Listed by: RE/MAX GALAXY - New
$750,000Active3 beds 2 baths2,025 sq. ft.1239 S Vine Avenue, Ontario, CA 91762
MLS# DW26213324Listed by: KELLER WILLIAMS SELA