7914 Edison AVE Ontario, CA 91762

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.