18.56 +/- Acres on Edison Avenue 7914 Edison Ave
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Edison Ave. 18.56 +/- Acres On Edison Avenue 7914 Edison Ave. Ontario, CA 91762 Ontario Chino Chino Hills Chino Airport Eastvale Eric S. Chavez, CCIM 818.858.4233 [email protected] BRE License#: 01397806 18.56 +/- Acres - Edison Avenue Executive Summary 7914 Edison Avenue Ontario, CA 91762-7290 This offering consisting of three (3) contiguous parcels with four (4) improved structures that consist of two (2) residential homes and two (2) commercial buildings that total a combine square footage 19,954 sq.ft., and located on 18.56+/- acres (808,473.60+/- sq.ft.) of flat, developable land with 634+/- feet of frontage on the Edison Avenue that is planned to be widen into an eight (8) lanes. Location Utilities Edison Avenue 18.56+/- Acres (“Subject Property”) is located on Telephone: Frontier Communications Edison Avenue, near to the northwest corner of Grove Avenue & Gas: Southern California Gas Company Edison Avenue and situated within the Area 4 - South of Riverside Electric: Southern California EDISON Drive of the Ontario Plan known as “The Ontario Ranch” formerly Sewer: Private Septic System known as “The New Model Colony”, as of 2016 the area comprises Water: Well Water System of several new neighborhoods known as The Avenue, Grand Pak, Subarea 29 and many more. Per the City of Ontario infrastructure for roads, water and sewer lines have been prosed & planed out by the City of Centrally located along Edison Avenue east of Euclid Avenue, south Ontario. of Archibald Avenue and is located less than 3 miles south of Interstate 60 (“I-60”), less than 5 miles west of Interstate 15 (“I-15”) See water and sewer maps on page 9. and east of Chino Valley Freeway 71 with access to employment Land owners/developers will be require to invest their centers throughout the San Bernardino, Riverside, Orange, Los proportionate share of the money to build out the required Angeles, and San Diego counties. Due to its location, future infrastructure to service there land development projects. residents of the Subject Property will enjoy the amenities of adjacent Water & Sewer will need to be run west along Edison Ave residential & retail developments. from Grove Ave that is located less than 0.1 miles from the Subject property. Property condition The Subject Property is currently is improved with four (4) structures that consist of two (2) residential homes and two (2) commercial Zoning\Land Use Designation buildings currently rented to tenants on month to month leases The Subject Property is zoned with Agricultural (AG) overlay, currently operating agricultural business. which may allow agricultural uses. The land use designation for the Subject Property is Medium Density & Low Density Assessor's Parcel Number Residential, which allows single-family detached and multi- 1053-321-02 (4.25+/- Acres) family attached residences with a max density of 25 dwelling 1053-321-03 (4.75+/- Acres) units per acre for Medium Density & 5 dwelling units per acre 1053-171-01 (9.56+/- Acres) for Low Density . Asking Price: $9,280,000.00) / Entitlements $500,000.00 per acre ($11.47 PSF) The Subject Property is currently unentitled and will require a Commission: Contact Listing Broker. land owner and/or land developer to apply for a Specific Plan. This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 2 18.56 +/- Acres - Edison Avenue Aerial Map 7914 Edison Avenue Ontario, CA 91762-7290 APN: 1053-321-02 APN: 1053-321-03 APN: 1053-171-01 4.25+/- Acres 4.75+/- Acres 9.56+/- Acres This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 3 18.56 +/- Acres - Edison Avenue Location Map 7914 Edison Avenue Ontario, CA 91762-7290 The Subject Property is located along Edison Avenue; less than 3 mile south of I-60 and less than 5 mile west of the I-71 and east of I-15 of the with access to employment centers throughout the San Bernardino, Riverside, Orange, Los Angeles, and San Diego counties. Due to its location, future residents of the Subject Property will enjoy the amenities of adjacent residential & retail developments. This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 4 18.56 +/- Acres - Edison Avenue Regional Map 7914 Edison Avenue Ontario, CA 91762-7290 This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 5 18.56 +/- Acres - Edison Avenue Site Photos 7914 Edison Avenue Ontario, CA 91762-7290 North View South View This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 6 18.56 +/- Acres - Edison Avenue Site Photos 7914 Edison Avenue Ontario, CA 91762-7290 East View West View This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 7 18.56 +/- Acres - Edison Avenue Utility Maps 7914 Edison Avenue Ontario, CA 91762-7290 18.56+/- Acres This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 8 18.56 +/- Acres - Edison Avenue Utility Maps 7914 Edison Avenue Ontario, CA 91762-7290 18.56+/- Acres This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 9 18.56 +/- Acres - Edison Avenue Utility Maps 7914 Edison Avenue Ontario, CA 91762-7290 18.56+/- Acres This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 10 18.56 +/- Acres - Edison Avenue Utility Maps 7914 Edison Avenue Ontario, CA 91762-7290 18.56+/- Acres This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 11 18.56 +/- Acres - Edison Avenue Sewer Maps 7914 Edison Avenue Ontario, CA 91762-7290 18.56+/- Acres This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 12 18.56 +/- Acres - Edison Avenue New Water Supply Maps 7914 Edison Avenue Ontario, CA 91762-7290 Acres - 18.56+/ This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 13 Master Plan of Streets & 18.56 +/- Acres - Edison Avenue Highways Maps 7914 Edison Avenue Ontario, CA 91762-7290 Acres - 18.56+/ This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 14 18.56 +/- Acres - Edison Avenue Land Use Plan 7914 Edison Avenue Ontario, CA 91762-7290 18.56 +/- Acres - Edison Avenue This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. page 15 18.56 +/- Acres - Edison Avenue Zoning Map 7914 Edison Avenue Ontario, CA 91762-7290 18.56 +/- Acres - Edison Avenue This information has been secured from sources we believe to be reliable, but we make no representations or guaranties, expressed or implied, as to the accuracy of the information.