7911 Pne Ave Chino, CA 91708-9266
- Warehouses
- 1,600 SF
- 2.00 lot acres
Current Use by Public Records
- C M Peich / Equipment Rental Agency
- 2Q Svcs & Towing Inc / Towing Service
- Flat Iron Construction Corporation / Construction Company
Property Details for 7911 Pne Ave
- Year built
- 1978
- Construction
- STEEL FRAME
- Lot size
- 2.00 lot acres
- Property size
- 1,600 SF
- Property type
- Warehouses
- APN
- 1057-281-12-0000
- APU
- 1057281120000
Description
This exceptional investment opportunity encompasses three parcels totaling approximately 184,396 square feet (4.22 acres) of land in Chino, California, strategically located at 6273 Chino Corona Rd, 7911 Pine Ave, and 16341 Chino Corona Rd. The property offers a unique blend of commercial and residential zoning. Two parcels (6273 Chino Corona Rd and 7911 Pine Ave) are zoned NC (Neighborhood Commercial), while the third (16341 Chino Corona Rd) is zoned RD8 (Medium Density Residential). Individual parcel sizes are approximately 65,776 sq ft (1.51 acres), 87,120 sq ft (2 acres), and 37,500 sq ft (.86 acres), respectively. Built in 1948, 1978, and 1998, respectively, these parcels present a compelling redevelopment opportunity. The location boasts excellent visibility and accessibility, with close proximity to major freeways (CA 60, 71, 15, and 91), placing it within easy reach of Los Angeles, Orange, and San Bernardino markets. This area is experiencing significant growth, evidenced by the nearby Preserve at Chino master-planned community (11,725 housing units) and a new shopping center opening in Summer 2023. Pine Avenue sees approximately 33,000 cars daily. The surrounding area shows strong demographics, with average household incomes exceeding $100,000 within a 5-mile radius and a substantial residential population. This property is ideal for owner-users or investors seeking a high-growth area with significant potential. The asking price is $6,900,000 and is offered as a 1031 exchange opportunity. APN numbers are 1057-281-16-0000, 1057-281-12-0000, and 1057-281-11-0000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $280,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $265,000
- 6.5%
- $245,000
- 7%
- $230,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $425,000 Current use
- MEDICAL BUILDING
- $465,000 Change: +9% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $430,000 Change: +2% Conversion: Moderate
- RETAIL STORES
- $355,000 Change: -16% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Chino
- County
- San Bernardino
- State
- California
- Longitude
- -117.632
- Latitude
- 33.9566
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
