Investment Overview

Marcus & Millichap is pleased to present the Montclair Mixed-Use Residential Development Opportunity, a premier ±5.975- acre infill site positioned at the southeast corner of Arrow Highway and Fremont Avenue in the City of Montclair, California. Strategically located within the North Montclair Downtown Specific Plan, the property represents a rare chance to develop a large-scale, transit-oriented residential community within one of the Inland Empire’s most progressive urban districts. The site’s designation within a High Resource Area and Difficult Development Area (DDA) offers significant advantages for developers pursuing affordable or mixed-income housing, providing eligibility for enhanced federal tax credit basis adjustments and aligning with state-level incentives promoting equitable, high-opportunity communities. The proposed development concept envisions a two-phase residential community featuring both multifamily apartments and for-sale townhomes, designed to meet a broad spectrum of housing needs. The ±1.76-acre northern parcel is contemplated for a five-story multifamily building consisting of approximately 142 to 180 units, with densities ranging from 80 to 102 dwelling units per acre, optimized for rental housing. The ±2.68-acre southern parcel is planned for 59 attached townhomes at roughly 22 dwelling units per acre, accompanied by a 0.37-acre public park at the corner of Fremont Avenue and Olive Street. Together, the parcels create a cohesive, mixed-density neighborhood that aligns with the City’s long-term planning goals under the North Montclair Downtown Specific Plan. To achieve the desired yield, the project anticipates a Specific Plan Amendment to allow cumulative density calculations across adjacent parcels, along with potential refinements to the internal street layout and shopfront overlay requirements. Located less than one mile from the Montclair TransCenter, the site benefits from direct access to the Montclair Metrolink Station, providing efficient rail connectivity to Pasadena, downtown Los Angeles, and San Bernardino, as well as regional bus service via Omnitrans and Foothill Transit. This proximity to multimodal transportation significantly enhances the project’s appeal for future residents, supporting car-optional living and reinforcing its position as a true transit-oriented development within the Inland Empire’s expanding rail corridor. The property also lies just 0.4 miles from CIM Group’s $200-million redevelopment of Montclair Place, a transformative mixed-use expansion of the former Montclair Plaza into a vibrant open-air destination featuring new retail, dining, entertainment, and public gathering spaces. This large-scale investment is expected to drive continued economic growth, increase consumer activity, and elevate the surrounding residential demand profile. Centrally located within Montclair’s Downtown Focus Area, the property benefits from exceptional regional connectivity and proximity to major transit and employment corridors. Immediate access to Interstate 10, Central Avenue, and Arrow Highway provides efficient routes to key job centers across San Bernardino, Riverside, and Los Angeles Counties. Surrounded by active mixed-use redevelopment and anchored by the Montclair Place Mall, the property is poised to capitalize on the City’s vision for a high-density, walkable, and amenity-rich urban environment. With its prime location, favorable zoning, and strong policy alignment, the Montclair site offers investors a compelling opportunity to deliver a transformative residential project in one of Southern California’s most promising growth corridors.