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  • 890 S Magnolia Avenue

890 S Magnolia Avenue, Ontario, CA 91762

$4,200,000 Approx. USD 0 beds, 0 baths

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Photo of Ed Solorzano

Ed Solorzano REALTOR® - Sales Associate 310-990-6252 m
310-777-2863 o
Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com Text Me
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Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295
 Beverly Hills 131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
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Listing Agent


Donald Hinton | don.hinton@evrealestate.com
Lic#: 00575959
Broker: Courtesy of Engel & Voelkers La Canada
Phone: (818) 421-9071

Agent Remarks

Development opportunity to build a 49 unit 5 story apartment building with 108 parking spaces. The gross building area is 101,687 SF, the net rentable area is 50,280 SF and the lot size is 69,000 SF. Unit breakdown: 12-1 Bedroom units and 37-2 bedroom units. Excellent Ontario location adjacent to a 75 unit apartment building located at 840 S Magnolia that was built in 2019. Project could be redesigned to build up to 71 units on the site.The property is currently improved with a single family residence that is rented to a tenant. However, the property is being marketed as land for development of a 49 unit apartment building which will require demolition of the existing residence. The property will be delivered vacant at the Close of Escrow. Buyer will be responsible for demolition of the existing SFR after closing and the cost of further plan processing and the building permits. Site also includes APN# 1011-371-15-0000. Total site area is 69,000 SF.Buyer to cooperate with Seller's exchange at no expense to Buyer. Please submit Letters of Interest for consideration and to initiate negotiations.Do not disturb the tenant. Drive by only until a purchase contract has been negotiated.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# P1-13420
List price is $4,200,000 Reduced by $1,000,000 on 2/15/2024
Price: $4,200,000
HOA Fee is $0.00
Beds: 0
Baths: 0
1.58 acres
Lot size: 1.5840
Subdivision: Other
County: San Bernardino
Zoning: HDR-45
Lot description: Level
MLS area: 686 - Ontario

Last Updated: 6/12/2026

 Days On Market (DOM): 1145

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This listing belongs to the 686 - Ontario MLS area

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Lat/Long: 34.054218, -117.672375.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Ed Solorzano

Ed Solorzano REALTOR® - Sales Associate 310-990-6252 m
310-777-2863 o
Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com
Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
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