Home | San Bernardino County | Ontario | 91762 | 890 S Magnolia Ave
MLS: CRP1-28323 | Status: Active | Price: $2,650,000
Beds/Baths: – / –
Property Type: Land
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 1.584 | – |
Excellent development opportunity. The HDR-45 zoning allows development of 45 units per acre. The property is approximately 69,000 SF which would allow development of up to 71 apartments or condominiums. This is the last parcel(s) of high-density residential land on S. Magnolia and is adjacent to a 75-unit apartment building developed in 2019. Includes parcel #'s 1011-371-16-0000 and 1011-371-15-0000.The property has been entitled for 49 apartment units; however, a buyer may pursue new entitlements for 71 units. The property is currently improved with a 2-bedroom, 2 bath single family residence that was built in 1926. The property has been priced based upon land value and the single-family residence does not contribute value to the property. The single-family home is currently rented month to month for $2,300/mo. The excess land is currently rented month to month for $275/mo. to a nursery, and the nursery tenant maintains the excess land. Please submit all offers using the CAR Residential Purchase Agreement. Buyer to cooperate with Seller's exchange. Drive by Only, Do Not Disturb the tenants. Asking price is $2,650,000 which is $37,324/Unit based upon 71 units and $38.40/ SF.
| Field | Value |
|---|---|
| MLS # | CRP1-28323 |
| MLS Source | California Regional MLS |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| HOA Fee | $0 |
| Zoning | LL |
| Feature | Details |
|---|---|
| Lot Description | Grade - Level |
| Utilities | Other, Other |
Donald Hinton
Engel & Voelkers La Canada
License #: 00575959
Phone: (818) 421-9071
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Oaks Middle School | public | 7-8 | 0.28 mi | 7 |
| Mission Elementary School | public | K-6 | 0.68 mi | 7 |
| Vista Grande Elementary School | public | K-6 | 0.86 mi | 7 |
| Kingsley Elementary School | public | K-6 | 0.99 mi | 4 |
| Ontario High School | public | 9-12 | 1.12 mi | 5 |
| Richard Haynes Elementary School | public | K-6 | 1.13 mi | 5 |
| Euclid Elementary School | public | K-6 | 1.19 mi | 5 |
| Elderberry Elementary School | public | K-6 | 1.45 mi | 7 |
| De Anza Middle School | public | 7-8 | 1.52 mi | 8 |
| Buena Vista Arts-Integrated School | public | K-6 | 1.66 mi | 8 |
| Montera Elementary School | public | K-6 | 1.67 mi | 8 |
| Vernon Middle School | public | 7-8 | 1.68 mi | 4 |
| E. J. Marshall Elementary School | public | K-6 | 1.80 mi | 7 |
| Howard Elementary School | public | K-6 | 1.81 mi | 7 |
| Monte Vista Elementary School | public | K-6 | 1.82 mi | 9 |
| Sultana Elementary School | public | K-6 | 1.82 mi | 6 |
| Vina Danks Middle School | public | 7-8 | 1.84 mi | 4 |
| Central Language Academy | public | K-8 | 1.89 mi | 8 |
| El Camino Elementary School | public | K-6 | 1.89 mi | 7 |
| Walnut Avenue Elementary School | public | K-6 | 1.99 mi | 4 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 0 W Phillips | $2,710,000 | – | – | – | Active |
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This listing information is up-to-date as of August 05, 2026. For the most current information, please contact Donald Hinton, (818) 421-9071.