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Key Details
Sold Price $1,725,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22100255
Sold Date 07/14/22
HOA Y/N No
Lot Size 0.949 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Awesome Development Opp...Youre gonna want to RUN not WALK to this very unique piece of property that is centrally located to just about EVERYTHING! Its 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 its 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! Dont miss this awesome opportunity, its truly a once in a life time!
Awesome Development Opp...Youre gonna want to RUN not WALK to this very unique piece of property that is centrally located to just about EVERYTHING! Its 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 its 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! Dont miss this awesome opportunity, its truly a once in a life time!
Location
State CA
County Orange
Area Oc - Placentia (92870)
Zoning Assessor
Interior
Cooling Central Forced Air
Building
Story 1
Level or Stories 1 Story
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Thomas Santoro • Crane Real Estate