$1,725,000
$1,795,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
225 W Madison AVE Placentia, CA 92870
10,000 SqFt
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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Bought with Thomas Santoro • Crane Real Estate
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Broker | License ID: DRE#01976964