7911 Pine AveChino, CA 91708

  • Industrial properties
  • 1,600 SF
For Sale
$6,900,000 View listing

Property Details for 7911 Pine Ave

Year built
1978
Construction
STEEL FRAME
Lot size
2.00 AC
Property size (Sq ft)
1,600 SF
Property type
Industrial properties
Property subtype
Other warehouses
APN
1057-281-12-0000
APU
1057281120000

Description

This exceptional investment opportunity encompasses three parcels totaling approximately 184,396 square feet (4.22 acres) of land in Chino, California, strategically located at 6273 Chino Corona Rd, 7911 Pine Ave, and 16341 Chino Corona Rd. The property offers a unique blend of commercial and residential zoning. Two parcels (6273 Chino Corona Rd and 7911 Pine Ave) are zoned NC (Neighborhood Commercial), while the third (16341 Chino Corona Rd) is zoned RD8 (Medium Density Residential). Individual parcel sizes are approximately 65,776 sq ft (1.51 acres), 87,120 sq ft (2 acres), and 37,500 sq ft (.86 acres), respectively. Built in 1948, 1978, and 1998, respectively, these parcels present a compelling redevelopment opportunity. The location boasts excellent visibility and accessibility, with close proximity to major freeways (CA 60, 71, 15, and 91), placing it within easy reach of Los Angeles, Orange, and San Bernardino markets. This area is experiencing significant growth, evidenced by the nearby Preserve at Chino master-planned community (11,725 housing units) and a new shopping center opening in Summer 2023. Pine Avenue sees approximately 33,000 cars daily. The surrounding area shows strong demographics, with average household incomes exceeding $100,000 within a 5-mile radius and a substantial residential population. This property is ideal for owner-users or investors seeking a high-growth area with significant potential. The asking price is $6,900,000 and is offered as a 1031 exchange opportunity. APN numbers are 1057-281-16-0000, 1057-281-12-0000, and 1057-281-11-0000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $470,911
    Hospitality
    $431,352
    Educational
    $358,880
    Medical
    $371,222
    Retail
    $558,257
7911 Pine Ave, Chino, California

Location Insight

City
Chino
County
San Bernardino
State
California
Latitude
33.9566
Longitude
-117.632
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$9,394
$821,264
$27,101
$848,365
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