890 S Magnolia Ave
Ontario, CA 91762

Development opportunity with approved plans to build a 49 unit 5 story apartment building with 108 parking spaces. The
gross building area is 101,687 SF, the net rentable area is 50,280 SF and the lot size is 69,000 SF. Unit breakdown: 12-1
Bedroom units and 37-2 bedroom units. Excellent Ontario location adjacent to a 75 unit apartment building located at 840 S
Magnolia that was built in 2019 and is stabilized at rents similar to the projected rents for this project.