Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2235 Morning Canyon Diamond Bar, CA 91765

    View on Map
    Claim this Listing
    For Sale
    $6,990,000

    Land/Lot - Diamond Bar, CA

    Lot size:
    76,709.00 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    41
    Last Refresh:
    Apr 29 at 9:06 pm

    Property Features for 2235 Morning Canyon

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RM
    Exterior features
    Community Features Included: Suburban
    Standard status
    Active
    APN
    8292009138
    Lot size
    76,709.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Grace Zhang

    Listing agent Grace Zhang License #01946544

    Listing office RE/MAX Galaxy 1411 S. Diamond Bar Blvd., diamond bar, CA

    Listing date Mar 20, 2026

    MLS# TR26061097 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Entitled Multifamily Development Opportunity

    This is a fully entitled 57-unit multifamily development opportunity located in Diamond Bar, California. The project is approved for a residential community featuring a mix of studio, one-, two-, and three-bedroom units. The site is strategically positioned between Los Angeles, San Bernardino, and Orange County, offering regional connectivity with proximity to the 57 and 60 freeways and Ontario International Airport. This location provides access to employment centers across the Inland Empire and Southern California. The area is within the Walnut Valley Unified School District and benefits from strong demographics, high household incomes, and limited new housing inventory. The site is approximately 1.76 acres. This is a near shovel-ready opportunity with key approvals in place, allowing developers to move forward efficiently with reduced entitlement risk. The project is designed to meet rental demand in a supply-constrained market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Diamond Bar
    County
    Los Angeles
    State
    California
    Longitude
    -117.830344
    Latitude
    33.983349

    Nearby Similar for Sale

    • $949,900
      1,510 SF

      Diamond Bar Commercial Office Condo

      Well-located office condo ideal for professional services.
      706 N Diamond Bar, Diamond Bar, CA 91765
      View Details
    • $50,000
      1,759 SF

      Turnkey Restaurant Opportunity in Diamond Bar

      Established Vietnamese restaurant for sale in prime Diamond Bar location.
      2777 S Diamond Bar Boulevard, Diamond Bar, CA 91765
      View Details
    • $949,900
      1,510 SF

      Diamond Bar Commercial Office Condo

      Well-located office condo ideal for professional services and investment.
      706 N Diamond Bar, Diamond Bar, CA 91765
      View Details
    • $790,000

      Diamond Bar Land for Custom Estate

      Expansive 1.3-acre homesite in a prestigious gated community.
      2691 Shady Ridge Lane, Diamond Bar, CA 91765
      View Details
    • $1,500,000

      Diamond Bar Estate Building Opportunity

      Large lot in Diamond Bar Country Estates with approved plan.
      22104 Rim Fire, Diamond Bar, CA 91765
      View Details
    • $778,000

      Renovated Office Condo in Diamond Bar

      Move-in ready, renovated office condo with freeway access and ample parking.
      660 N Diamond Bar Blvd, Suite 128, Diamond Bar, CA 91765
      View Details
    • $15,900,000
      54,951 SF

      Move-in Ready Office Building

      55,221 SF office building with easy freeway access.
      1400 Montefino Avenue, Diamond Bar, CA 91765
      View Details
    • $2
      8 SF

      Diamond Bar Commercial Opportunity

      Versatile space suitable for retail, office, or mixed-use purposes.
      560-588 N Diamond Bar Blvd | Diamond Bar, CA 91765, CA 91765
      View Details
    • Contact for pricing
      59,987 SF

      Retail and Medical Office Center

      Mixed-use retail and medical office center with freeway access.
      800-880 N Diamond Bar Blvd, Diamond Bar, CA 91765
      View Details
    • $6,990,000

      Land For Sale Diamond Bar

      Land available in Diamond Bar, California.
      2235 Morning Canyon, Diamond Bar, CA 91765
      View Details
    • $1,750,000

      Diamond Bar Estate Property Opportunity

      Land for dream estate in prestigious, gated community.
      22586 Pacific Lane, Diamond Bar, CA 91765
      View Details
    • $1,199,998

      Diamond Bar Land Opportunity

      Land in a guarded community with amenities.
      2621 Steeplechase, Diamond Bar, CA 91765
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Approved 57-unit multifamily development site in Diamond Bar, California.
    Where is this residential land & home lot located?
    The property is located at 2235 Morning Canyon Diamond Bar, CA.
    What is the asking price?
    The asking price for this property is $6,990,000.
    What are key features of this property?
    This property features: Fully entitled 57‑unit multifamily development opportunity, near shovel‑ready.; Strategic location in Diamond Bar, offering exceptional regional connectivity.; Close proximity to the 57 and 60 freeways and Ontario International Airport (ONT).
    (909) 223-2297
    We can help!
    Listing Contact
    Grace Zhang
    Real Estate License ID: 01946544
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!