Laurel Canyon Way
Corona, CA 92881
Monte Olivo · Land For Sale · 99.00 AC

Formerly-Rough Graded Re-Entitlement Opportunity
-Property totals approximately 99.2 acres: about 68.5 acres inside the City - expired Tentative Tract Map ("TTM") 36533 - plus roughly 30.7 acres in the County - conceptually designed Tentative Tract Map 37142.
-Originally entitled for 103 single-family lots (12,000-square-foot-minimum) within a gated community under TTM 36533. The County portion was planned as a complementary southern phase across approximately 38 lots.
-Seller completed mass grading and extensive blasting, encompassing over 800,000 cubic yards of earthwork in total. Pads and slopes were certified in May 2017.
-Original TTM expired August 20, 2016. Subsequent to the expiration of the tentative map, a substantially similar map was filed (TTM 37895)to reactivate the prior 103-lot plan, however, the City Council voted to deny the project in August, 2025.
-The City’s Housing Element, General Plan Land Use Designation, and Zoning support a re-entitlement of a residential project at slightly higher densities than previous concepts.
-Prospective Buyers are encouraged to consider a re-entitlement, utilizing SB330 to apply the City’s land use designation of three units per acre across 64.2 acres and six units per acre across 4.3 acres in order to maximize lot yield.
-Seller completed offsite sewer, domestic and recycled water, and storm drain connections, which will ultimately serve the Project.
-Seller repaved Old Temescal Canyon Road from the Project boundary to Compton Avenue, west of Interstate 15 ("I-15").
-Seller connected homes within Bel Air Estates to the Project’s sewer line.
-Strong Local Resale Pricing
Over the past five years, the Bel Air Estates neighborhood immediately adjacent to the Property has experienced resale home sales ranging from $785,000 - $1,165,000
with an average of $930,000. This compares favorably to the rest of Corona, which averaged $807,000 for single-family resales over the same time period. Currently,
there is one pending sale within this neighborhood, with a list price of $1,049,000.
Entitlements
City of Corona
— Expired TTM 36533 (103 lots), Approved in 2014, Expired in 2016, MND
— Denied TTM 37895 (103 Lots), Applied in 2021, CC Denial on August 15, 2025,
Proposed Addendum to Previously Approved MND
County of Riverside
— Conceptually designed TTM 37142 (38 lots), Pre-application material filed in July
2021, no action taken.
— Recorded access easement for Shadow Valley Drive - future access point from
the County parcel
Notable Conditions of Approval (expired TTM 36533)
— Traffic signal required at State Street and Ontario Avenue
— Future upgrades to Bel Air HOA sewer lines prior to building permit
Improvement Plans
The following plan sets have been designed for expired TTM 36533:
— Mass Grading and Drainage Plans
— Rough Grading Plans
— On-Site Water and Sewer Plans
— On-Site Street Improvement Plans
— Conceptual Fuel Mod and Maintenance Exhibit
— Bel Air Sewer Rehab Plans
— Final Map Draft
— Off-Site Sewer Line Rehab Plans
— As-Built Offsite Sewer Plans
— As-Built Offsite Domestic and Reclaimed Water Plans