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Euclid Avenue - Residential Development Land, Ontario, CA

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Euclid Avenue - Residential Development Land

NEC Euclid & E Chino
Ontario, CA 91762 - West San Bernardino Submarket

Property Type:Land Parcel Size:22.52 Acres
Zoning:SP-Medium Density Res.
For Sale Price:$10,815,000 Price/Acre:$480,240 Price/SF:$11.02

Proposed Use:Single Family Development

On-Site Improv:Raw land

Sale Notes:
This offering is a land bank opportunity consisting of three (3) contiguous parcels with two (2) improved structures that consist of two (2) residential structures that total a combine square footage 8,118 sq.ft., and located on 22.52+/- acres (980,971.20+/- sq.ft.) of flat, developable land with 1,256+/- feet of frontage on the Euclid Avenue. The subject property provides a monthly rental income with upside, giving the land owner to increase the rental income during the land bank holding period that is estimated at 10 years.

Euclid Avenue 22.52+/- Acres (“Subject Property”) is located on the northeast corner of Euclid Avenue & Chino Avenue and situated within the Area 4 - South of Riverside Drive of the Ontario Plan known as “The Ontario Ranch” formerly known as “The New Model Colony”, as of 2016 the area comprises of several new neighborhoods known as The Avenue, Grand Pak, Subarea 29 and many more.

The Subject Property is zoned with Agricultural (AG) overlay, which may allow agricultural uses. The land use designation for the Subject Property is Medium Density Residential, which allows single-family detached and multi-family attached residences with a max density of 25 dwelling units per acre for Medium Density.

Chavez & Associates REBF, Inc.
Eric S Chavez
(626) 392-4667

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