Placentia, CA 92870,225 W Madison AVE

$1,725,000

Est. payment /mo

$1,795,000

3.9%
Est.Price: ?

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225 W Madison AVE Placentia, CA 92870

10,000 SqFt

SOLD DATE : 07/14/2022

Key Details

Sold Price $1,725,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $172

Subdivision Other (Othr)

MLS Listing ID PW22100255

Sold Date 07/14/22

HOA Y/N No

Year Built 1959

Lot Size 0.949 Acres

Acres 0.9495

Property Description

Awesome Development Opp...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!

Location

State CA

County Orange

Area 84 - Placentia

Rooms

Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup

Interior

Laundry Location Electric Dryer Hookup,Gas Dryer Hookup

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Suburban

View Y/N No

View None

Total Parking Spaces 10

Private Pool No

Building

Lot Description Lot Over 40000 Sqft, Rectangular Lot, Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 33914125

Acceptable Financing Cash, CashtoNewLoan

Listing Terms Cash, CashtoNewLoan

Financing CashtoNewLoan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Chad Langseth • Keller Williams Realty
Bought with Thomas Santoro • Crane Real Estate

GUIDE SoCal

Broker | License ID: DRE#01976964

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