890 S Magnolia, Ontario, CA 91762

Property Description

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.

Listing Status:

Active

Date Added:

August 5, 2026

Data Last Updated:

August 25, 2026 at 4:12AM

Listing Office:

Engel & Voelkers La Canada : (818) 790-6774

Listing Agent:

Donald Hinton : 818-421-9071

MLS ID:

P1-28323

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLSF
• County: San Bernardino

Lot

• Zoning: 1011371160000

Utilities

• Utilities: ElectricNatural GasTelephone

Financial

• Source: CRMLSF