890 Magnolia Avenue, Ontario, CA 91762

Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
890 Magnolia Avenue,Ontario, CA 91762
$4,200,000
  • 1.58 Acres
  • Lots / Land
  • Active
Listed by:donald hinton(818) 421-9071
Office:engel & voelkers la canada
MLS#:P1-13420
Source:CAREIL

Price summary

  • Price:$4,200,000

About this home

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

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:P1-13420
  • Added:899 day(s) ago
  • Updated:October 16, 2025 at 04:26 PM

Structure and exterior

  • Lot area:1.58 Acres

Finances and disclosures

  • Price:$4,200,000
MLS LogoThe information being provided by Mlslistings Inc is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Mlslistings Inc. Better Homes and Gardens Real Estate Reliance Partners is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Reliance Partners, a broker participant of Mlslistings Inc. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Mlslistings Inc and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 Mlslistings Inc. All rights reserved.

New listings near 890 Magnolia Avenue