9.025 +/- Acres ("Subject Property") is located on the Northwest corner of Eucalyptus Ave & Bon View 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 The Avenue, Grand Pak, Subarea 29 and many more. The land use designation for the Subject Property is Medium 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. The Subject Property is maybe rezoned for a higher density. Lot Dimensions: 626' x 629'. At this time, capital Improvement/Infrastructure is required for the entire area that consist of 1,929+/- acres. Estimated cost is at $150 million+/- per the city and is requiring for these capital Improvement to be installed first, before allowing land developers and builders to propose and build out masterplanned communities. The Subject Property is currently unentitled and will require a land owner and/or land developer to apply for a Specific Plan and work out a deal with the city of Ontario for needed infrastructure for the entire area of the Ontario Ranch - West.
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Data Provided by:
California Regional Multiple Listing Service