8087 Schaefer Avenue, Ontario, California 91761, Ontario, 91761 - 3 bed, 1 bath
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Ontario, California 91761
Analysis of 8087 Schaefer Avenue, Ontario, California 91761 is currently available with a list price of $7,840,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Ontario Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property, built in 1941, is over 80 years old with no evidence of significant renovations. The exterior shows signs of neglect, and the listing description focuses almost entirely on the 3.9-acre lot's potential for high-density residential redevelopment (up to 24 units per acre) within a master-planned community. Given the multi-million dollar price tag and the emphasis on land value, the existing residential structure is considered obsolete and intended for demolition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 170755, living area = 1800.
The property is positioned within the future 'Ontario Ranch Master Planned Community' proposal, offering a lucrative opportunity for high-density residential development of up to 24 units per acre.
Situated on the corner of Grove and Schaefer, the massive 170,755 sqft lot provides excellent visibility and significant acreage for large-scale investment or agricultural use.
The primary residence was built in 1941 and features only one bathroom, likely requiring a complete teardown or extensive modernization to meet current market standards.
The multi-million dollar list price is heavily contingent upon future zoning changes and the realization of the master plan, which may involve lengthy city approval processes and market risks.
Sitting on the corner of Grove and Schaefer, this property has a 3+1 bedroom house, 2 car garage. Including a automotive repair garage with 3 repair stalls and several storage units. Property is zoned for agriculture. This property is in the future proposal for the 'Ontario Ranch Master Planned Community'. Great opportunity to build on future approved high density residential land up to 24 units per acre.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 1.0 | 3.0 | 10% |
| Square foot | 1,800 | 1,889 | 44% |
| Lot Size | 170,755.203 | 5,417.5 | 99% |
| Price | $7.84M | $760.0K | 99% |
| Price per sq ft | $4.4K | $391 | 99% |
| Built year | 1941 | 1993 | 4% |
| HOA | $0 | $85 | 46% |
| Days on market | 4 | 186 | 1% |
Apr 18, 2026
$7,840,000
Initial Listing