225 W Madison Avenue Placentia, 92870

Bedrooms:
5
Bathrooms:
2
Square Feet:
1,950 sqft
Price $1,795,000 .00
Approx /month
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Sale Price:
$1,795,000
Loan Type:
Conventional - 5% down
FHA - 3.5% down
VA - 0% down
Additional $ Down:
Total Down Payment:
Loan Term: (years)
Interest Rate: (%)
Property Tax: (year)
$0
Insurance: (year)
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Contingent

Virtual Tour of 225 W Madison Avenue , Placentia 92870

Property Description

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!

General Information

Listing Broker:
Keller Williams Realty
Listing Agent:
Chad Langseth
CalBRE#:
00993554
Price:
$1,795,000
Status:
Active
Listing Updated:
5/21/2022
List Date:
5/12/2022
Close Date
Square Feet:
1,950
Bedrooms:
5
Bathrooms:
2
Garage Spaces:
2
Year Built:
1959
City:
Placentia
Zip:
92870
County:
Orange
MLS ID:
PW22099936

Home Features

Interior Features:
Exterior Features:
Appliances:
Flooring:
Laundry:
Electric Dryer Hookup, Gas Dryer Hookup
Architectural Style:
Levels:
One
Fireplace Features:
None
Cooling:
Central Air
Heating:
Central
Utilities:
Pool Type Features:
None
Spa Features:
Construction Materials:
Roofing:
Water Source:
Public
Sewage:
Public Sewer
Accessibility Features:

Community Information

MLS Area:
84 - Placentia

Lot Information

Lot Size (sq feet):
41,360

Location Information

Directions:
South on Bradford, West on Madison