Ontario CA Homes for Rent
- Type:
- Single Family
- Sq.Ft.:
- 1,096
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.5 Acres
- Year built:
- 1953
- Baths:
- 2.00
- MLS#:
- CV23141481
ADDITIONAL INFORMATION
Welcome to this quaint single-story 3 bedroom, 2 bath home situated on a 12,000+ sqft lot in the heart of Ontario. This beautiful large lot boasts plenty of parking for RV's and/or cars. The garden makes this home so desirable to this lovely neighborhood. All of this conveniently located near the 60, 10, 15, and 71 Freeways and Ontario International airport for easy access to anywhere in the world. Walking distance to Ontario High School, parks, grocery stores, and an abundance of restaurants.
$4,200,000
890 Magnolia Avenue Ontario, CA 91762
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.58 Acres
- Baths:
- MLS#:
- P1-13420
- Subdivision:
- Other
ADDITIONAL INFORMATION
Development opportunity with approved plans 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 and is stabilized at rents similar to the projected rents for this project. Price of the land per unit is $85,714 and price of the land per SF of land is $61 and compares favorably with RTI land sale Comps.The completed projects stabilized value is estimated to be $26,500,000 which is $540,816 per unit and $527 per SF of NRA. The asking price for the land is $4,200,000, roughly 16% of the stabilized value, providing excellent upside to the Buyer/Developer.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 fully entitled 49 unit apartment building which will require demolition of the existing residence. The property will be delivered vacant at the Close of Escrow with permits Ready to Issue. Buyer will be responsible for demolition of the existing SFR after closing and the cost of 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.
$2,925,000
Phillips Ontario, CA 91762
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 4.13 Acres
- Baths:
- MLS#:
- CV23180894
ADDITIONAL INFORMATION
CALLING ALL INVESTORS! Build multiple homes/ mixed use CONTACT City Planning dept regarding Zone change to LDR-5 RespnUnit:RES = RES ZONE(MAX 14 UTS)&USE EX HPC/MHM(1-14 UTS,CHURCH) PERFECT opportunity for investors during this inventory shortage. Parcel 2 - (1011581220000) 4.13 acres lot for sale is located next to Parcel 1 (1011581210000). Parcel 1(1011581210000) is 2.36 acres with Single Story 5 bd,4.5ba home with pool and 5 car garage is a separate sale after Parcel 2 is sold.
Ontario Real Estate
The median home value in Ontario, CA is $579,500. This is higher than the county median home value of $522,500. The national median home value is $338,100. The average price of homes sold in Ontario, CA is $579,500. Approximately 53.14% of Ontario homes are owned, compared to 42.82% rented, while 4.04% are vacant. Ontario real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ontario real estate agent to arrange a tour today!
Ontario, California 91762 has a population of 175,223. Ontario 91762 is less family-centric than the surrounding county with 33.79% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Ontario, California 91762 is $71,908. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Ontario 91762 is 32.6 years.
Ontario Weather
The average high temperature in July is 91.9 degrees, with an average low temperature in January of 42.6 degrees. The average rainfall is approximately 15.7 inches per year, with 0 inches of snow per year.