18.56 +/- Acres On Edison Avenue 1 7914 Edison Ave. Ontario, CA 91762 Edison Ave DRE Lic.# 01928538 Eric S. Chavez, CCIM | 818.858.4233 | [email protected] | DRE Lic.# 01397806 450 North Brand Boulevard, Suite 600, Glendale, CA 91203 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 $9,280,000.00 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 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. 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 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 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 Regional Map 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 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 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.