0 Baths

$2,650,000

890 S Magnolia Avenue, Ontario CA, 91762

Price per sqft$38.41

Lot size1.58 Acres

Property typeLand

Listed by Donald Hinton CA DRE# 00575959 with Engel & Voelkers La Canada (818) 421-9071

Overview

Active

Listed Aug 5, 2026

Updated Aug 6

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.

Additional information

MLS^® ID: P1-28323

Exterior Features

Lot Size: 1.58 Acres

Other Property Details

View: Yes
55+/Senior Community: No

Listed by Donald Hinton CA DRE# 00575959 with Engel & Voelkers La Canada (818) 421-9071

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/6/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/6/2026 at 5:04 PM UTC Last Checked: 5:04 PM UTC