225 W Madison Ave Placentia, CA 92870

• July, 2022

• Jul 14, 2022

  Date

  Sold

  CRMLS: PW22099982

  $1,725,000

  Price

• May 12, 2022

  Date

  Active

  CRMLS: PW22099982

  $1,795,000

  Price

• Listing provided courtesy of CRMLS

  You’re gonna want to RUN not WALK to this very unique piece of property that is centrally located to just about EVERYTHING! It’s unique because rarely do you see almost an acre of land with such a blank canvas, in addition there are so many different development options you have as well. Due to the recently created and approved Senate Bill 9 there are even more ways that you can creatively convert this property to 4 full sized single family homes! You would start with an SB9 Lot Split creating 2 20,000 sq.ft. lots. The city of Placentia Planning Department endorses SB9 therefore you would submit an application for a lot split and each lot will have it’s own APN. At that point you would submit plans to the city for development as a normal “New Construction” application. There is even an opportunity to add a 500 sq.ft attached Jr. ADU to each parcel as well, bringing the total to 6 separate units! This would be the ultimate Multi Generational option for a family looking for enough room for all of the extended family! Don’t miss this awesome opportunity, it’s truly a once in a life time! Buyer to verify all information

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• July, 2022

• Jul 14, 2022

  Date

  Sold

  CRMLS: PW22099936

  $1,725,000

  Price

• May 12, 2022

  Date

  Active

  CRMLS: PW22099936

  $1,795,000

  Price

• Listing provided courtesy of CRMLS

  You’re gonna want to RUN not WALK to this very unique piece of property that is centrally located to just about EVERYTHING! It’s unique because rarely do you see almost an acre of land with such a blank canvas, in addition there are so many different development options you have as well. Due to the recently created and approved Senate Bill 9 there are even more ways that you can creatively convert this property to 4 full sized single family homes! You would start with an SB9 Lot Split creating 2 20,000 sq.ft. lots. The city of Placentia Planning Department endorses SB9 therefore you would submit an application for a lot split and each lot will have it’s own APN. At that point you would submit plans to the city for development as a normal “New Construction” application. There is even an opportunity to add a 500 sq.ft attached Jr. ADU to each parcel as well, bringing the total to 6 separate units! This would be the ultimate Multi Generational option for a family looking for enough room for all of the extended family! Don’t miss this awesome opportunity, it’s truly a once in a life time!

  Continue Reading

• July, 2022

• Jul 14, 2022

  Date

  Sold

  CRMLS: PW22100255

  $1,725,000

  Price

• May 12, 2022

  Date

  Active

  CRMLS: PW22100255

  $1,795,000

  Price

• March, 2022

• Mar 1, 2022

  Date

  Active

  CRMLS: PW22040142

  $1,500,000

  Price

• Listing provided courtesy of CRMLS

  Are you looking for an opportunity to own one of the most unique properties in Placentia? Even better, are you looking for a property with development potential? This property is just perfect for someone with vision and the ability to help it reach its highest and best use. With the right investor/developer, this property could be the jewel in your portfolio. This property has been in the same family for such a long time and has been a part of so many wonderful memories. Currently, this property has a lovely 5 bedroom, 2 full bath home with 1,950 square feet of living space. More importantly, this property sits on a massive 41,360 square foot lot with plenty room to develop and build. Currently, the property next door, with the same lot dimensions, houses three duplexes and one single family residence. Each of these units are 2 bedrooms, 1 bathroom units. (7 units total). Interested buyers are encouraged to check with the city for zoning options, create your plans, and start the process of creating an amazing revenue source for years to come. With multi-family possibilities and a blank slate, you will love the upside potential and this property could be exactly what you have been looking for. Located in Placentia, California and close to great schools, parks, entertainment, and shopping, this investment opportunity is one of a kind. Located near Cal State Fullerton , this wonderful property is easily accessible to multiple freeways, is in the heart of North Orange County, and near great property development projects and city funded projects. This is where you want to own your next investment opportunity. Hurry, this property will not last long!

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