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890 S Magnolia Ave
Ontario, CA 91762 Ontario

$4,200,000 USD

Land For Sale  •  1.58 AC

Property Details

  • Property Type Land
  • Lot Size 1.58 AC
  • Zoning HDR-45
30 Transit Score
58 Walk Score

Description

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 for development of up to 71 units

Highlights

49 unit apartment development opportunity. With the opportunity to redesign for up to 71 units.

Public Transportation

Commuter RailDriveWalkDistance
Ontario Amtrak (Sunset Limited - Amtrak, Texas Eagle - Amtrak) 4 min - 2.0 mi
Montclair (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 4.1 mi
AirportDriveWalkDistance
Ontario International 9 min - 4.8 mi
John Wayne/Orange County 46 min - 37.8 mi
Don Hinton 818-421-9071 Engel & Volkers
Don Hinton 818-421-9071 Engel & Volkers