7945 Cartilla

18.56 +/- Acres On Edison Avenue 1 7914 Edison Ave. Ontario, CA 91762

Edison Ave

DRE Lic.# 01928538 Eric S. Chavez, CCIM | 213.999.0073 | [email protected] | DRE Lic.# 01397806 633 West 5th Street, Floor 26th, Los Angeles, CA 90073 18.56 +/- Acres On Edison

Avenue7914 Edison Ave. Ontario, CA 91762

Property Details

For sale 18.56+/- acres of raw .This opportunity 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 Price: Property $8,280,000.00 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 Type: Raw Land eight (8) lane road by 2020. The subject property provides a monthly rental income with upside, giving Property Sub-type: Agricultural / Other the land owner to increase the rental income during the land bank holding period that is estimated at 5 Other Uses: years. Residential Uses Sale Type: Investment or Owner User LOCATION Lot Size: 18.56 AC Edison Avenue 18.56+/- Acres (“Subject Property”) is located on Edison Avenue, near to the northwest Gross Land corner of Grove Avenue & Edison Avenue and situated within the Area 4 - South of Riverside Drive of Area: 808,473.60 SF 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 No. of Parcels 3 many more. : Centrally located along Edison Avenue east of Euclid Avenue, south of Archibald Avenue and is located A.P.N: 1053-321-02 (4.25 A.C.); less than 3 miles south of Interstate 60 (“I-60”), less than 5 miles west of Interstate 15 (“I-15”) and east of 1053-321-03 (4.75 A.C.); Chino Valley Freeway 71 with access to employment centers throughout the San Bernardino, Riverside, 1053-171-01 (9.56 A.C) 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. Street Frontage: 634+/- SF Per the City of Ontario infrastructure for roads, water and sewer lines have been proposed & planed out Zoning: (Agricultural (AG) overlay). by the City of Ontario. Land owners/developers will be require to invest their proportionate share of the money to build out the required infrastructure to service there land development projects. Medium Density (11.1-25 du/ac) Low Density (2.1-5 du/ac) ENTITLEMENTS

The Subject Property is currently unentitled and will require a 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. 18.56 +/- Acres On Edison

Avenue7914 Edison Ave. Ontario, CA 91762

Location

SALE HIGHLIGHTS ● Located in the Path of Growth & New Development

● Zoned: Residential Medium & Low Density ● 634 Feet of Street Frontage on Edison Ave

● Density (11.1 - 25 du/ac) & (2.1 - 5 du/ac) ● New Neighborhoods Are Spring Up Near By

● Land Use Designation Allows Up to 464+/- Single-Family ● Owner may provide Seller financing with favorable terms to Buyer.

Detached & Multi-family Units ● 5 Year Land Bank Hold Period.

Avenue7914 Edison Ave. Ontario, CA 91762

The City of Ontario, California, acts as “The Gateway to Southern California” – and for good reason. Ontario sits on the westernmost edge of San Bernardino County and is only 35 miles east of downtown Los Angeles, making it a quick trip to Southern California attractions such as Disneyland, Hollywood, the Staples Center, Dodger Stadium and Angel Stadium of Anaheim.

The City of Ontario is about 50 miles from the beach communities of Santa Monica, Venice and Manhattan Beach. Ontario is less than 90 minutes from world-class surfing in Malibu and the world-famous zoo in San Diego and is only a three-hour jaunt to the flashing lights and nonstop action of the Las Vegas Strip.

Ontario is one of the major cities in California’s Inland Empire, a region of sun-kissed valleys and rolling hills that was once home to vineyards, citrus groves and grazing pastures. Today, the Inland Empire is home to more than 4 million people and is a hub of industry and transportation. Ontario is surrounded by the cities of Rancho Cucamonga, Corona, Riverside and many others.

Although Ontario is close to all that Southern California has to offer, there’s no need to leave the City to find what you’re looking for. The City is home to Ontario Mills, California’s largest indoor outlet mall that boasts more than 200 shops and factory outlet stores by retailers such as Nordstrom, Saks Fifth Avenue and Neiman Marcus, as well as a 30-screen AMC movie theater.

Ontario is also home to the Citizens Business Bank Arena, which opened in 2008. The arena is the Inland Empire’s premier event center and hosts big-name bands and musical performers, family acts and events, and professional sports games. Catch an Ontario Reign hockey game, an Ontario Fury soccer match or a Los Angeles Lakers game at the 11,000-seat arena.

Ontario also sits in the Cucamonga Valley, one of the Inland Empire’s oldest wine regions. Although many of the wineries that once dotted the valley in its winemaking heyday are now gone, the area surrounding Ontario is still home to a distinguished wine industry. Take an afternoon to tour the family owned vineyards and taste the varietals at The Galleano Winery, San Antonio Winery and Joseph Filippi Winery. Come explore the region for yourself and discover why Ontario, California is a great choice to eat, work, and play! Visit: www.ontariothinksbusiness.com

Avenue7914 Edison Ave. Ontario, CA 91762

Regional Map

Avenue7914 Edison Ave. Ontario, CA 91762

Grand Park (Approved) The Avenue (Approved) Current Projects Project Overview: Project Overview: 320 Acres 568 acres 740 single family units 2,313 single family units 587 multi-family units 562 multi-family units 130,000 s.f. commercial Subarea 29 (Approved) Rich Haven (Approved) Project Overview: Project Overview: 539 acres 584 acres 2,392 single family units 1,833 single family units 87,000 s.f. commercial 5361 multi-family units 1.13 million s.f. commercial Parkside (Approved) Esperanza (Approved) Project Overview: Project Overview: 250 acres 233 acres 437 single family units 914 single family units 1,510 multi-family units 496 multi-family units 115,000 s.f. commercial Edenglen (Approved) Project Overview: West Haven (Approved) 160 acres Project Overview: 310 single family units 199 acres 274 multi-family units 753 single family units 217,520 s.f. commercial 87,000 s.f. commercial 550,000 s.f. business park

Countryside (Approved) Armstrong Ranch Project Overview: (Approved) 178 acres Project Overview: 819 single family units 199 Acres OVERALL (approved) 994 single family units Acreage—3,573 acres Single Family Residences—11,505 units Colony Commerce Center West Ontario Commerce Multi-Family Residences—8,790 units West (Approved) Center (Approved) Commercial—1.77 million s.f. Project Overview: Project Overview: Industrial-6.94 million s.f. 123 Acres 125 acres 1.79 million s.f. industrial Business Park—1.1 million s.f. Merrill Commerce Center (In Process) Ontario Ranch Business Park (In process) 2.95 million s.f. industrial 555,000 s.f. business park Project Overview: Project Overview Colony Commerce Center APPLICATIONS IN PROCESS 308 acres 84 acres Subarea 29 Amendment East (Approved) Acreage—517 acres 5.8 million s.f. industrial 410,000 s.f. business park (In Process) Project Overview Single Family Residences—574 units 1.2 million s.f. business park 1.38 million s.f. industrial Project Overview: 95 acres Industrial — 7.19 million s.f. 125 Acres 2.2 million s.f. industrial Business Park 1.6 million s.f. https://www.ontarioca.gov/planning/ontario-ranch/current-projects 574 single family units 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. 18.56 +/- Acres On Edison

Avenue7914 Edison Ave. Ontario, CA 91762

Zoning Map

Land Use Zoning: Districts: 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 & Low 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 & 5 dwelling units per acre for Low Density.

Disclaimer: The data represented on this map are for reference use only. This map is provided without warranty of any kind, either express or implied, including but not limited to the implied warranties of merchantability or fitness for a particular purpose. All dimensions and spatial AREA TO BE ZONED representations should be independently INDUSTRIAL UNDER A verified with the Planning Department. All questions should be directed to the SPECIFIC PLAN BY 2022 Planning Department at 909-395-2036

Avenue7914 Edison Ave. Ontario, CA 91762

FAQs About “Ontario Ranch”

For further information on the New Model Colony, please contact the City's Planning Department at (909) 395-2036 Q. What is the connection of the Sphere of Influence to the New Model Colony? A. The Sphere of Influence was the term used in reference to the area the City of Ontario designated for annexation. This resolution required amendments to the City of Ontario’s General Plan and all documents regarding annexation refers to the area as the Sphere of Influence. On November 30, 1999 the final phase of annexation transpired and the City dedicated the area with the new identity of “New Model Colony”.

Q. What is the vision for the Sphere of Influence in terms of future development? A. The SOI will become a place of diversity, encompassing a mix of residential neighborhoods, high intensity regional serving centers, employment centers, and an activity core that serves as the common focal point for all neighborhoods and districts. Each neighborhood and center will become a place that is uniquely identifiable, united through a network of greenways/trails, open spaces, amenities and infrastructure. Livability and quality of life are important drivers of its uses and urban form. The creation of mixed use, commercial and public places that emphasize pedestrian activity is a fundamental premise of the SOI General Plan. Q. How long will it take for the area to reach build-out? A. The General Plan for the area anticipates build-out in 30 years. This figure is only an estimate and the build-out could vary due to market conditions.

Q. HOW DOES LAND BECOME DEVELOPED? A. The pre-zoning ordinance adopted by the City Council on April 20, 1998 designates the entire sphere of influence area as “SP” (Specific Plan District). The zoning designation of SP requires the area be developed with a series of Specific Plans that carry out objectives of the SOI General Plan, with land uses consistent with the approved General Plan. Q. When will the City begin accepting applications for development, business license requests, new signs, etc.? A. The City began accepting applications on November 30, 1999. To date, six specific plan applications have been submitted to the City envisioning the development of 5,285 single family residences, 2,029 multi-family units, over 400,000 square feet of commercial development, and over 500,000 square feet of business park/light industrial development.

Avenue7914 Edison Ave. Ontario, CA 91762

FAQs About “Ontario Ranch” Q. How long will it take to review/process Specific Plans within the Sphere of Influence area? A. The review process should normally take between 12 to 18 months depending on the complexity of the Specific Plan and/or environmental review.

Q. What are the anticipated impact fees, including infrastructure, parks, utilities, biological mitigation, etc.? A. On September 10, 2002, the City Council approved the New Model Colony Master Plans for sewer, water, storm drainage, transportation, and parks. Following approval, the Master Facilities Plan and Development Impact Fee Report were prepared to identify the total costs of the infrastructure installation and the “per unit” cost required to install the required infrastructure. On June 23, 2003, the City Council approved the development impact fees for the New Model Colony. Copies of the Master Facilities Plan and the Development Impact Fee Report are available from the City of Ontario Planning Department. Q. How does the Williamson Act apply to property within the SOI; what are the cancellation procedures? A. Of the total 8,200 acres within the SOI, approximately 5,400 acres are presently under Land Conservation Contract (LCC) established under the Williamson Act. Once the preserve was established, property owners were permitted to contract with the County to preserve the property and qualify for a property tax assessment based upon use and economic yield rather than full market value of the property. An LCC has a minimum term of ten (10) years. However, this term is automatically renewed each year for an additional year, thereby keeping the term of the contract to a period of ten years. This perpetual contract continues until the administering entity, (City) or the owner files a Notice of Non-Renewal, which terminates the contract at the end of its remaining term. When a Notice of Non-Renewal is filed, the property tax assessment gradually reverts back to being computed upon full market value rather than use. Property owners may petition to have the LCC canceled, subject to specific criteria and payment of cancellation fees. The cancellation fee normally equals twelve and one-half (12.5%) percent of the property’s current full market value. Q. Will current agricultural uses and agricultural support uses be allowed to continue or be allowed to expand? A. Yes. Existing agricultural uses and agricultural support uses will be allowed to continue. It is the intent of the City not to prohibit or discourage the continued agricultural use of the area until a Specific Plan for urban development is approved and development occurs. Each Specific Plan is required to address the appropriate transition of the area from agricultural uses to urban uses and include provisions for buffering between such use as needed to protect agricultural uses as well as the new urban uses.

Q. Will there be any measures to protect existing farming operations from future development? A. Yes. Two measures address this: 1) Agricultural Overlay District, allows for interim agricultural uses and agricultural support uses and 2) Right-to-Farm Ordinance protecting existing farming operations from future development.

Avenue7914 Edison Ave. Ontario, CA 91762

FAQs About “Ontario Ranch

Q. What is the review procedure for interim agricultural uses. A. The agricultural overlay district identifies permitted and conditional uses and development standards for interim uses within the SOI. The review procedure is based on the type of use and the extent of construction. The City’s development plan review procedures will generally apply to new structures in excess of five thousand 5000 square feet of floor area. An expedited review procedure will be used for this purpose.

Hours & Information Located at the heart of downtown, Ontario City Hall provides a wide range of services. City departments are ready to assist and are happy to help residents and businesses with their questions and needs.

Rudy Zeledon Department Location Principal Planner 303 East "B" Street Phone (909) 395-2036 Ontario, CA 91764 Email: [email protected] Phone (909) 395-2036 Bryan Lirley, PE Fax (909) 395-2420 Principal Planner Phone (909) 395-2137 Hours Email: [email protected] Monday - Thursday: 7:30 AM - 5:30 PM Friday: 8:00 AM - 5:00 PM