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Entitled Multifamily Development Opportunity
For Sale
$6,990,000

2235 Morning Canyon, Diamond Bar, CA 91765

LAND - Diamond Bar, CA

Lot Size1.76 Acres
Days on Market137

Property Features for 2235 Morning Canyon

General Information

Property type Land
Property subtype Other
Zoning RM
Lot features Lot Over 40000 Sqft
Directions Diamond Bar Blvd & Morning Canyon
Subdivision 616 - Diamond Bar
Standard status Active
APN 8292009138
Lot size 1.76 Acres

Utilities

Water source Public
Listing Agency: RE/MAX Galaxy
Listed By: Grace Zhang · License #01946544
Added: Mar 20 Changed: Jul 21 Last Checked: Aug 3 at 12:06AM
MLS# TR26061097

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.

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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).

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom Auto Parts Store (Bike/Boat/Book/etc) Store Electrical Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

308
Businesses Nearby

Demographics for 91765, CA

46,449
Population
16,056
Households
2.9
Avg Household Size
44
Median Age
53%
College-Educated
93%
High-School Grad
18.6 sq mi
ZIP Area
2,497
Density / Sq Mi
$104,737
Median Household Income
$55,141
Median Earnings
$2,395
Median Rent
$878,900
Median Home Value

Market

Properties on Market for Land in Diamond Bar

Feb
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Rey
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Frequently Asked Questions

What type of property is this?
Land - Approved 57-unit multifamily development site in Diamond Bar, California.
Where is this land 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).
More about this property
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