$1,995,000 Price Analysis    ♡   Placentia, CA 92870 6 bed 7 bath 3,750 SqFt ($532/SqFt) 2,614SqFt lot. Built 1916 Listed 2024-02-03 | Ⓧ USDA Ineligible due to price & location near Placentia |
Mixed Use Bu ilding in the heart of Old Town Placentia downtown.
Add Value and Opportunity Zone. Mass area gentrification. Live, Work, Play! 6 residential and 1 commercial unit. Cmmercial Business included in sale. Additional income from business ownership. Income Breakdown: Laundromat: $5, 564/mo. and 6 Residential Rental Units: $7, 245/mo. Total: $153, 710/yr. This is a unique opportunity to get in front of and be a part of a massive revitalization project which will completely transform this area to a one-of-a kind destination.
Perhaps help shape the area with you own vision. This property is located directly in ground zero of the City of Placentia's multi faceted revitalization. Brand new approved Metrolink Station and new 246 space multi level parking structure directly in the rear of the subject property. New Packing House District Plan and the New Old Town Placentia Revitalization Plan & Streetscape approved and in place. Once in a lifetime opportunity.
Presented by Richard Kas at
Coldwell Banker Realty.
Property MLS #24-354777 from TheMLSCLAW
Full Bathrooms: 7
Heating Features: Wall
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 2614
Parking Total: 3
Other Equipment: Hood Fan, Built-Ins, Range/Oven
Calculated Total Monthly Association Fees: 0
Number of Units: 7
Unit Features: 1 BedsTotal: 6, 1 BathsTotal: 6, 1 SquareFeet: 7245, 2 BathsTotal: 1, 2 SquareFeet: 8000
County: Orange
Cap Rate: 5.3
Directions: South of Chapman Ave to Bradford to Santa Fe Ave on south side of the street in downtown Old Town Placentia.
Source Property Type: Residential Income
Area: Placentia
Source Neighborhood: Placentia
Owner Pays: Electricity, Gas, Water
Parcel Number: 339-393-06
Postal Code Plus 4: 5961
Source System Name: C2C
$1,995,000
TheMLSCLAW
Price Changed 2024-06-21
$2,149,000
TheMLSCLAW
Price Changed 2024-05-07
$2,248,000
TheMLSCLAW
Price Changed 2024-02-28
$2,429,000
TheMLSCLAW
Listed 2024-02-03
$2,695,000
TheMLSCLAW
Listing removed 2023-08-15
$0
TheMLSCLAW
Price Changed 2023-07-10
$2,795,000
TheMLSCLAW
Listed 2023-04-10
$2,995,000
TheMLSCLAW
Listing removed 2022-12-03
$0
TheMLSCLAW
Price Changed 2022-09-15
$3,175,000
TheMLSCLAW
Listed 2022-07-20
$3,325,000
TheMLSCLAW
Year Built: 1916
Levels: Multi Levels, Two Level
Living Area Source: Assessor
Property Age: 108
Levels or Stories: 2
Building Total Stories: 2
House Style: Spanish
Year Built Source: Vendor Enhanced
Architectural Style: Spanish
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.