$949,000

Estimated payment $5,438/month

5 Beds
2 Baths
1,578 Sq Ft
$601 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Facilities
  • 1-Story Property
  • Attached Carport

About This Home

We are pleased to present the opportunity to acquire 8945–8947 Hellman Avenue, a unique property featuring two detached single-family homes situated on a 28,250-square-foot Neo-Industrial (NI) zoned parcel in Rancho Cucamonga, California. Offered at approximately $33.59 per square foot of land, the property provides investors, developers, and owner-users with an attractive opportunity to acquire industrial-zoned land in one of the Inland Empire’s most sought-after markets.

The surrounding area is home to major employers, distribution facilities, and commercial investment, while offering excellent connectivity via Interstate 10, Interstate 15, State Route 210, and Ontario International Airport. Rancho Cucamonga continues to attract significant business investment due to its central location, highly educated workforce, and pro-business environment.

The property currently features two detached single-family homes consisting of one three-bedroom/one-bathroom residence and one two-bedroom/one-bathroom residence, both of which are currently occupied. Whether an investor elects to maintain the property as a rental investment with the potential to add up to two additional ADUs and one Junior ADU (JADU), subject to City requirements and buyer verification, occupy one or both residences for an owner-user operation, or explore the property’s long-term redevelopment potential, the underlying Neo-Industrial (NI) zoning offers multiple investment strategies, subject to buyer verification with the City of Rancho Cucamonga. The NI zoning is intended to accommodate a complementary mix of uses including research and development, light manufacturing, engineering and design services, breweries, maker spaces, small-scale warehousing, distribution, accessory office, retail, and other innovative commercial uses.

Overall, the offering presents a rare opportunity to acquire a large Neo-Industrial zoned parcel with exceptional long-term potential in one of the Inland Empire’s most desirable industrial markets. With multiple ownership strategies and the flexibility afforded by the underlying zoning, the property offers investors, developers, and owner-users a unique opportunity to maximize value over time.

Listing Agent

Gisele Pinedo

MARCUS & MILLICHAP License #02188347 Listed on: 08/12/2026

Co-Listing Agent

Kevin Struve

MARCUS & MILLICHAP License #01266441

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 28,250 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,578 Sq Ft Home
  • 1-Story Property
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • Attached Carport
  • Parking Available
  • Driveway

Listing and Financial Details

  • Assessor Parcel Number 0209171020000
  • $86 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,068
  • Trash Expense $750
  • Water Sewer Expense $1,356
  • New Taxes Expense $10,028
  • Operating Expense $16,402
  • Gross Income $32,760
  • Net Operating Income $16,358

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.65 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1356.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 0209171020000
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 601.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Attached Carport

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 750.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 28250.00
  • Lot Size Acres: 0.6485
  • Latitude Manual: 34.09088700

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Gross Income: 32760.00
  • Gross Operating Income: 32760.00
  • Gross Scheduled Income: 32760.00
  • Insurance Expense: 1068.00
  • Lot Size Area: 28250.0000 Square Feet
  • Net Operating Income: 16358.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 16402.00
  • Operating Expense Percent: 50.10
  • Rent Control: Yes
  • Total Actual Rent: 2730.00
  • Total Expenses: 16402.00

Tax Info

  • New Taxes Expense: 10028.00
  • Tax Rate: 1.05
  • TaxOtherAnnualAssessmentAmount: 86.00

Map

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Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $2,546 $625,000 $220,000 $405,000
2025 $2,546 $232,801 $119,269 $113,532
2024 $2,479 $228,236 $116,930 $111,306
2023 $2,424 $223,761 $114,637 $109,124
2022 $2,381 $219,373 $112,389 $106,984
2021 $2,360 $215,071 $110,185 $104,886
2020 $2,319 $212,866 $109,055 $103,811
2019 $2,307 $208,692 $106,917 $101,775
2018 $2,250 $204,600 $104,821 $99,779
2017 $2,170 $200,589 $102,766 $97,823
2016 $2,142 $196,656 $100,751 $95,905
2015 $2,128 $193,702 $99,238 $94,464
2014 $2,065 $189,908 $97,294 $92,614
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/12/2026 08/12/26 For Sale $949,000 -- $601 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Grant Deed -- First American Title Co
Grant Deed -- --
Grant Deed -- --
Interfamily Deed Transfer -- Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $105,000 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV26176344

California Regional Multiple Listing Service (CRMLS)

APN: 0209-171-02

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