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Key Details
Sold Price $2,975,000
Property Type Multi-Family
Sub Type MixedUse
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown Placentia
MLS Listing ID PW21193714
Sold Date 10/28/21
Construction Status AdditionsAlterations,UpdatedRemodeled
HOA Y/N No
Year Built 1921
Lot Size 0.520 Acres
Lot Dimensions Assessor
Property Description
HAVE YOU BEEN LOOKING FOR THE PERFECT INVESTMENT PROPERTY FOR YOUR PORTFOLIO BUT HAVE BEEN COMING UP SHORT? This is the property that you have been looking for! UPSIDE POTENTIAL! This property is looking for the right investor / developer who wants to create and build more revenue sources of opportunity. This 22,681 square foot lot property in North Orange County has not been on the market for sale for many years. Currently, this property offers 8,718 square feet of living space which includes 5 two bedroom units with an average size of 1,000 square feet and 6 one bedroom rental units with an average square feet of 650 square feet that are housed within four apartment buildings. Private and safe tenant parking is on the property as well as an additional also vacant lot that can be used to enhance the property value. Let your creative ideas begin as you work towards increasing your current revenue opportunities while developing new sources of income as well. With long term tenants, partially renovated units, and opportunities for future renovations, this property is waiting for someone to help it reach its true potential. 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 and downtown Placentia, 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.
Location
State CA
County Orange
Area 84 - Placentia
Rooms
Other Rooms Storage
Interior
Interior Features Balcony, BlockWalls, CeilingFans, GraniteCounters, LaminateCounters, LivingRoomDeckAttached, OpenFloorplan, RecessedLighting, BedroomonMainLevel
Heating WallFurnace
Cooling WallWindowUnits
Flooring Carpet, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance GasOven, WaterHeater
Laundry WasherHookup, GasDryerHookup, Inside, LaundryRoom
Exterior
Exterior Feature RainGutters
Fence FairCondition
Pool None
Community Features StreetLights, Suburban, Sidewalks, Park
Utilities Available ElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, SewerAvailable, SewerConnected, WaterAvailable, WaterConnected
View Y/N Yes
View Neighborhood
Roof Type Composition
Total Parking Spaces 15
Private Pool No
Building
Lot Description Item01UnitAcre, BackYard, FrontYard, Lawn, NearPark, Paved, RectangularLot, Walkstreet, Yard
Faces East
Story 2
Entry Level Two
Foundation Raised, Slab
Sewer PublicSewer, SewerTapPaid
Water Public
Architectural Style Bungalow, Other
Level or Stories Two
Additional Building Storage
New Construction No
Construction Status AdditionsAlterations,UpdatedRemodeled
Others
Senior Community No
Tax ID 33935311
Security Features CarbonMonoxideDetectors,SmokeDetectors
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing Cash,CashtoLoan,CashtoNewLoan
Special Listing Condition Trust
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Bought with Craig Martin • T.N.G. Real Estate Consultants
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