8087 Schaefer Avenue, Ontario, California 91761, Ontario, 91761 - 3 bed, 0 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.
Built in 1941 and over 80 years old with no mention of renovations, the property exceeds the 50-year threshold for a tear-down. The listing focuses on land value and future high-density residential development potential, indicating the existing structure is obsolete.
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 strategically located within the 'Ontario Ranch Master Planned Community' proposal, offering a rare opportunity to develop high-density residential housing at up to 24 units per acre.
Situated on the corner of Grove and Schaefer, this massive 3.92-acre lot provides exceptional visibility and accessibility, making it a prime candidate for large-scale redevelopment.
The $7.84M list price reflects future development value rather than current agricultural or residential utility, requiring a buyer with significant capital and a long-term development horizon.
With the primary residence built in 1941, the existing buildings are likely near the end of their economic life and may require costly remediation or demolition to facilitate new construction.
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 |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 1,800 | 1,955 |
| Lot Size | 170,755.203 | 7,200 |
| Price | $7.84M | $737.7K |
| Price per sq ft | $4.4K | $434 |
| Built year | 1941 | 1984 |
| HOA | $0 | $168 |
| Days on market | 2 | 58 |
Jul 20, 2026
$7,840,000
Initial Listing