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2235 Morning Canyon Dr 1.75 Acres of Residential Land Offered at $6,990,000 in Diamond Bar, CA 91765
Investment Highlights
- Fully entitled multifamily development site
- Approved for a mix of studio, 1, 2, and 3-bedroom units
- Excellent access to 57 / 60 freeways and major employment hubs
- Located in the City of Diamond Bar (Walnut School District), Walk Distance to School
- Ideal for developers and long-term investors
- Supply-constrained market with strong rental demand
Executive Summary
Fully entitled multifamily development opportunity in the City of Diamond Bar.
Located at the strategic midpoint between Los Angeles, San Bernardino, and Orange County, the site offers exceptional regional connectivity with close proximity to the 57 and 60 freeways and Ontario International Airport (ONT). This prime location provides convenient access to major employment centers across the Inland Empire and Southern California.
The project is approved for a residential community featuring a mix of studio, one-, two-, and three-bedroom units, designed to meet strong rental demand in a supply-constrained market.
Situated within the highly regarded Walnut Valley Unified School District, the area benefits from strong demographics, high household incomes, and limited new housing inventory.
A near shovel-ready opportunity with key approvals in place, allowing developers to move forward efficiently with reduced entitlement risk.
Located at the strategic midpoint between Los Angeles, San Bernardino, and Orange County, the site offers exceptional regional connectivity with close proximity to the 57 and 60 freeways and Ontario International Airport (ONT). This prime location provides convenient access to major employment centers across the Inland Empire and Southern California.
The project is approved for a residential community featuring a mix of studio, one-, two-, and three-bedroom units, designed to meet strong rental demand in a supply-constrained market.
Situated within the highly regarded Walnut Valley Unified School District, the area benefits from strong demographics, high household incomes, and limited new housing inventory.
A near shovel-ready opportunity with key approvals in place, allowing developers to move forward efficiently with reduced entitlement risk.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $6,990,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| Sale Condition | 1031 Exchange | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.75 AC |
| Zoning | RM - RM ( Medium Density Residential ) with Density Bonus (SB35 / AB 1287) | ||
| Price | $6,990,000 |
| Sale Type | Investment or Owner User |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.75 AC |
| Zoning | RM - RM ( Medium Density Residential ) with Density Bonus (SB35 / AB 1287) |
1 Lot Available
Lot
| Price | $6,990,000 | Lot Size | 1.75 AC |
| Price Per AC | $3,994,285.71 |
| Price | $6,990,000 |
| Price Per AC | $3,994,285.71 |
| Lot Size | 1.75 AC |
Fully entitled 57 multifamily development opportunity in the City of Diamond Bar.
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 8292-009-138 | Improvements Assessment | $0 |
| Land Assessment | $4,032,590 | Total Assessment | $4,032,590 |
Property Taxes
Parcel Number
8292-009-138
Land Assessment
$4,032,590
Improvements Assessment
$0
Total Assessment
$4,032,590
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2235 Morning Canyon Dr
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