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7914 Edison Ave, Ontario, CA 91762
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7914 Edison Ave Ontario, CA 91762

$8,250,000 Sold Price as of 05/07/2021
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$8,250,000 Sold Price as of 05/07/2021 Refinance Your Mortgage
Map preview of 7914 Edison Ave, Ontario, CA 91762

Property Overview: 7914 Edison Ave Ontario, CA has -- bedrooms, -- bathrooms, -- living square feet and 808,473 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by ERIC CHAVEZ | BRE #01397806 | CHAVEZ & ASSOCIATES REBF, INC
Last checked: 12 minutes ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 989

Home details

Lot Sq. Ft
808,473
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
CV18085974
City
Ontario
County
San Bernardino
Time on Site
1387 days

Property Details for 7914 Edison Ave

Lot Details / Garage and Parking
Lot Information
  • 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
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Parcel Number: 1053321020000
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Agricultural Well, Shared Well, Well
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Not Available, Water Not Available
Location / Neighborhood
Location Information
  • Directions: East from the Chino Valley Freeway 71 along Edison Ave & South from the I-60 along Euclid Ave.
  • Road Frontage Type: City Street, Private Road
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Valley
View more facts & features

Local Ontario Agent

Sale History for 7914 Edison Ave

Last sold for $8,250,000 on May 7th, 2021

  • May, 2021

  • May 7, 2021

    Date

    Sold

    CRMLS: CV18085974

    $8,250,000

    Price

  • Mar 19, 2021

    Date

    Price Change

    CRMLS: CV18085974

    $8,300,000

    Price

  • Oct 7, 2019

    Date

    Price Change

    CRMLS: CV18085974

    $8,280,000

    Price

  • Mar 27, 2019

    Date

    Active

    CRMLS: CV18085974

    $9,280,000

    Price

  • Jan 8, 2019

    Date

    Withdrawn

    CRMLS: CV18085974

    $9,280,000

    Price

  • Jan 2, 2019

    Date

    Hold

    CRMLS: CV18085974

    $9,280,000

    Price

  • Apr 14, 2018

    Date

    Active

    CRMLS: CV18085974

    $9,280,000

    Price

  • September, 2018

  • Sep 1, 2018

    Date

    Expired

    CRMLS: CV17178529

    $8,300,000

    Price

  • Mar 30, 2018

    Date

    Withdrawn

    CRMLS: CV17178529

    $8,300,000

    Price

  • Aug 3, 2017

    Date

    Active

    CRMLS: CV17178529

    $8,300,000

    Price

  • Listing provided courtesy of CRMLS

    18.56+/- acres - land bank opportunity consists 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 of flat, developable land with 634 feet of frontage on the Edison Ave that is planned to be widen into an eight (8) lane road. The subject property provides a monthly rental income with upside, giving the land owner to increase the rental income during the land bank holding period that is estimated at 10 years. The subject property is located on Edison Avenue, near to the northwest corner of Grove Avenue & Edison Avenue and situated within the Area 4 - South of Riverside Drive of 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 Parkside, The Avenue, Grand Pak, Subarea 29, Colony Commerce Center, Countryside, Armstrong Ranch, West Haven, Rich Haven, Edenglen and Esperanza. The current Land Use zoning is Residential Medium Density (11.1 - 25 du / ac) & Residential Low Density (2.1 - 5 du / ac) ; land use designation allows single-family detached and multi-family attached residences; Zoning Overlay of Agricultural (AG).

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Tax History for 7914 Edison Ave

Assessed Value (2020): $278,128
Year Land Value Improved Value Assessed Value
2020 $56,520 $221,608 $278,128

Home Value Compared to the Market

This property vs the competition

7914 Edison Ave sold on May 7, 2021 for 1087.67% higher than the current median sold price for the city of Ontario which is $698,845.

About 7914 Edison Ave

Detailed summary of property

7914 Edison Ave is a land that recently sold in Ontario, CA 91762. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 808,473 square foot lot. 7914 Edison Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $8,250,000. Home in Ontario are selling for a median price of $698,845 and a median price per square foot of $418. Based on Ardent Real Estate Group's Ontario Market Data, this home is sold 1087.67% higher than the current median priced home. Local homes that are currently for sale include 9324 Firth Blvd, 1519 N Cahuenga Blvd and 3544 Multiview Dr. While the average home in Ontario, CA is selling in 50 days, 7914 Edison Ave has a days on market of 989 days. There are currently 298 homes for sale in the Ontario real estate market and 148 of them are single family homes while 128 of them are condos and 22 are townhomes. For more information on this home for sale at 7914 Edison Ave Ontario, CA 91762 contact Ardent Real Estate Group and we will put you in touch with one of our Ontario agents.

Public Facts for 7914 Edison Ave

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
1,797
Lot Size
185,130
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
San Bernardino
Lot#
--
APN
1053-321-02-0000

The source for these homes facts are from public records.

91762 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$688,990
Median List Price/Sq.Ft.
$417
Median Sold Price
$740,000
Median Sold Price/Sq.Ft.
$416
Total Inventory
95
Median Sale to List Price %
102.07%
Avg Days on Market
20
Loan Type
Conventional (63.89%), FHA (5.56%), VA (0%), Cash (22.22%), Other (8.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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