8945 Hellman Avenue, Rancho Cucamonga, CA 91730

$949,000

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List Price
$949,000
Status
ACTIVE
MLS#
CV26176344
Year Built
1960
Lot Size
28,250
Acres
0.65
Lot Location
2-5 Units/Acre
Days on Market
2
Property Type
Multifamily
Property Sub Type
Mixed Use
Stories
One Level

Property Description

We are pleased to present the opportunity to acquire 8945–8947 Hellman Avenue, a unique property featuring two detached single-family homes situated on a 28,250-square-foot Neo-Industrial (NI) zoned parcel in Rancho Cucamonga, California. Offered at approximately $33.59 per square foot of land, the property provides investors, developers, and owner-users with an attractive opportunity to acquire industrial-zoned land in one of the Inland Empire’s most sought-after markets. The surrounding area is home to major employers, distribution facilities, and commercial investment, while offering excellent connectivity via Interstate 10, Interstate 15, State Route 210, and Ontario International Airport. Rancho Cucamonga continues to attract significant business investment due to its central location, highly educated workforce, and pro-business environment. The property currently features two detached single-family homes consisting of one three-bedroom/one-bathroom residence and one two-bedroom/one-bathroom residence, both of which are currently occupied. Whether an investor elects to maintain the property as a rental investment with the potential to add up to two additional ADUs and one Junior ADU (JADU), subject to City requirements and buyer verification, occupy one or both residences for an owner-user operation, or explore the property’s long-term redevelopment potential, the underlying Neo-Industrial (NI) zoning offers multiple investment strategies, subject to buyer verification with the City of Rancho Cucamonga. The NI zoning is intended to accommodate a complementary mix of uses including research and development, light manufacturing, engineering and design services, breweries, maker spaces, small-scale warehousing, distribution, accessory office, retail, and other innovative commercial uses. Overall, the offering presents a rare opportunity to acquire a large Neo-Industrial zoned parcel with exceptional long-term potential in one of the Inland Empire’s most desirable industrial markets. With multiple ownership strategies and the flexibility afforded by the underlying zoning, the property offers investors, developers, and owner-users a unique opportunity to maximize value over time.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$32,760
Operating Expense
16402

Listing courtesy of Listing Agent: Gisele Pinedo (gisele.pinedo@marcusmillichap.com) from Listing Office: MARCUS & MILLICHAP.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.