890 S Magnolia Avenue Ontario, CA 91762
- Added:
- Aug 8, 2025
- Days on Market:
- 237
- Last Refresh:
- Apr 1 at 5:06 am
Property Features for 890 S Magnolia Avenue
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 1011371160000
- Lot size
- 1.58 Acres
Building Details
- Architectural style
- Other
Listing agent Donald Hinton (818) 421-9071
Listing office Engel & Völkers La Canada 895 Foothill Blvd., La Canada, CA (818) 790-6774
Listing date Aug 8, 2025
MLS# P1-13420
Listing URL
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Ontario Development Opportunity: Apartment Building
This is a development opportunity to construct a 5-story apartment building with 49 units and 108 parking spaces. The gross building area is 101,687 square feet, with a net rentable area of 50,280 square feet, situated on a 69,000 square foot lot. The unit breakdown includes 12 one-bedroom units and 37 two-bedroom units. The location in Ontario is adjacent to a 75-unit apartment building constructed in 2019. The project could be redesigned to accommodate up to 71 units on the site. Currently, the property has a single-family residence that is rented; however, it is being marketed as land for the 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. The buyer will be responsible for the demolition of the existing single-family residence after closing and the costs associated with further plan processing and building permits. The site also includes APN# 1011-371-15-0000. The total site area is 69,000 square feet. The buyer is required to cooperate with the seller's exchange at no expense to the buyer. Letters of interest are requested to initiate negotiations. Please do not disturb the tenant; drive-by viewings only are permitted until a purchase contract has been negotiated.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Ontario
- County
- San Bernardino
- State
- California
- Longitude
- -117.672621
- Latitude
- 34.054266
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Land for development of a 49-unit apartment building.
Where is this commercial land located?
The property is located at 890 S Magnolia Avenue Ontario, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Development opportunity to build a 49‑unit, 5‑story apartment building.; Potential to redesign the project to build up to 71 units.; Includes 108 parking spaces.
