7914 Edison Avenue

7914 Edison Avenue

Ontario, CA 91761

$8,250,000
Last Sold Price
808,473 / 18.56
Lot Size / Acres

Closed 5/7/21

Closed 5/7/21

Description

For sale 18.56+/- acres of land. This opportunity consists of three (3) contiguous parcels with four (4) improved structures that consist of two (2) residential homes & two (2) buildings that are located on 18.56+/- acres (808,473.60+/- sq.ft.) of flat, developable land with 634+/- feet of frontage on the Edison Avenue. Edison Avenue that is planned to be widen into an eight (8) lane road. The Subject Property is zoned Agricultural (AG), this allows for agricultural uses & under the Ontario Plan,...For sale 18.56+/- acres of land. This opportunity consists of three (3) contiguous parcels with four (4) improved structures that consist of two (2) residential homes & two (2) buildings that are located on 18.56+/- acres (808,473.60+/- sq.ft.) of flat, developable land with 634+/- feet of frontage on the Edison Avenue. Edison Avenue that is planned to be widen into an eight (8) lane road. The Subject Property is zoned Agricultural (AG), this allows for agricultural uses & under the Ontario Plan, the land is designated zoning is Medium Density & Low Density (11.1 - 25 du / ac) & (2.1 - 5 du / ac) Residential; land use designation allows single-family detached and multi-family attached residences). 9 acres fall under Medium Density (11.1 - 25 du / ac) & may allow to build up to and/or deliver 225 Units/ Finished Lots & 9.56 acres fall under Low Density (2.1 - 5 du / ac) & may allow to build up to and/or deliver 47 Units/Finished Lots. At the time of submitting the development application a landowner and/or land developer may be allowed to designate the entire 18.56+/- acres Medium Density (11.1 - 25 du / ac) & may allow to build up to and/or deliver 464 Units/ Finished Lots. The subject property provides a $4,800.00 monthly rental income, all tenants are on a month-to-month lease terms. Each parcel of land may be sold separately, call broker for details.
  1. Listed by ERIC CHAVEZ • DRE #01397806 • Brokerage DRE #01928538 • CHAVEZ & ASSOCIATES REBF, INC

Property Details for 7914 Edison Avenue

View
Neighborhood
Lot Size Source
Assessor
Assessor Parcel Number
1053-321-02-0000
New Construction
No
View
Yes
Association
No
Association Fee
$.00
Zoning
Agricultural (AG) overlay

Location

Listing Courtesy of CHAVEZ & ASSOCIATES REBF, INC, ERIC CHAVEZ, DRE #01397806

Sold By CHAVEZ & ASSOCIATES REBF, INC, ERIC CHAVEZ, DRE #01397806

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LISTING UPDATED: 05/07/2021 09:37 AM

Property Details for 7914 Edison Avenue

StatusClosed
MLS #CV18085974
Days on Market989
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size18.56 AC
CountySan Bernardino County

Location

Listing Courtesy of CHAVEZ & ASSOCIATES REBF, INC, ERIC CHAVEZ, DRE #01397806

Sold By CHAVEZ & ASSOCIATES REBF, INC, ERIC CHAVEZ, DRE #01397806

Add your commute

Building Information for 7914 Edison Avenue

Lot Size18.56 AC

Payment Calculator

$46,660 per month

30 year fixed, 7.25% Interest

Principal and Interest

$45,024

Property Taxes

$1,636

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7914 Edison Avenue

Income / Expense / Tax Details
Income Details
  • Financing: Cash
Tax / Assessment Info
  • Tax Census Tract: 19.05
Community / Development
Community / Development
  • Community Features: Valley
Property / Structure Info
Exterior Features
  • Miscellaneous: Value in Land
Distance To
  • Distance To Water: 0.1
Land/Lot Info
  • Sign on Property: No
  • Additional Parcels Description: 1053-321-03, 1053-171-01
  • Lot Features: 2-5 Units/Acre, 21-25 Units/Acre, Agricultural, Agricultural - Dairy, Agricultural - Other, Agricultural - Row/Crop, Level with Street, Rectangular Lot, Level, Utilities - Overhead, Value In Land
  • Current Use Comments: The Subject Property is zoned with Agricultural...
  • Usable Land Percent: 100
  • Possible Use Comments: Single-family detached and multi-family attached residences with a max density of 25 dwelling units per acre for Medium Density & 5 dwelling units...
  • Improvements: Public utility systems, including water and sanitary sewer systems would need to be extended to serve the site.
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street, Private Road
  • Water Well: Yes
  • Water: Well, Shared Well
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Not Available, Water Not Available
  • Water Source: Agricultural Well, Shared Well, Well
Parking Info
  • Carport Spaces: 0

Property History for 7914 Edison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7914 Edison Avenue

Taxable ValueLand$1,779,084Additions$11,444Total$1,790,528
Tax Record2023$19,629 ($1,636 / month)
Home Facts
Total Finished SqFt1,797 SqFtAbove Grade Finished SqFt1,797 SqFtStories1Lot Size185,130 SqFtStyleMiscellaneous CommercialYear Built1960CountySAN BERNARDINOAPN1053-321-02-0000Fireplace TypeHas Fireplace

Schools near 7914 Edison Avenue

This home is within Chino Valley Unified School District.
Rating
School
Type
Grades
Distance
Liberty Elementary School
Public - K to 6
Woodcrest Junior High School
Public - 7 to 8
Chino High School
Public - 9 to 12
Anna A. Borba Fundamental Elementary School
Public - K to 6
Rating
School
Distance
Liberty Elementary School
PublicK to 6

Woodcrest Junior High School
Public7 to 8

Chino High School
Public9 to 12

Anna A. Borba Fundamental Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of CHAVEZ & ASSOCIATES REBF, INC, ERIC CHAVEZ, DRE #01397806

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.