133 S Melrose Street, Placentia, CA 92870
- $2,975,000
- Sold Price
- $2,975,000
- List Price
- $2,800,000
- Closing Date
- Oct 28, 2021
- Status
- CLOSED
- MLS#
- PW21193714
- Year Built
- 1921
- Lot Size
- 22,651
- Acres
- 0.52
- Lot Location
- 0-1 Unit/Acre, Back Yard, Front Yard, Lawn, Near Park, Paved, Rectangular Lot, Walkstreet, Yard
- Days on Market
- 0
- Property Type
- Multifamily
- Style
- Bungalow, Other
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- Downtown Placentia
Property Description
HAVE YOU BEEN LOOKING FOR THE PERFECT INVESTMENT PROPERTY FOR YOUR PORTFOLIO BUT HAVE BEEN COMING UP SHORT? This is the property that you have been looking for! UPSIDE POTENTIAL! This property is looking for the right investor / developer who wants to create and build more revenue sources of opportunity. This 22,681 square foot lot property in North Orange County has not been on the market for sale for many years. Currently, this property offers 8,718 square feet of living space which includes 5 two bedroom units with an average size of 1,000 square feet and 6 one bedroom rental units with an average square feet of 650 square feet that are housed within four apartment buildings. Private and safe tenant parking is on the property as well as an additional also vacant lot that can be used to enhance the property value. Let your creative ideas begin as you work towards increasing your current revenue opportunities while developing new sources of income as well. With long term tenants, partially renovated units, and opportunities for future renovations, this property is waiting for someone to help it reach its true potential. Located in Placentia, California and close to great schools, parks, entertainment, and shopping, this investment opportunity is one of a kind. Located near Cal State Fullerton and downtown Placentia, this wonderful property is easily accessible to multiple freeways, is in the heart of North Orange County, and near great property development projects and city funded projects. This is where you want to own your next investment opportunity.
Additional Information
- Other Buildings
- Storage
- Appliances
- Gas Oven, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Neighborhood
- Exterior Construction
- Plaster, Stucco, Wood Siding
- Roof
- Composition
- Sewer
- Public Sewer, Sewer Tap Paid
- Water
- Public
- Interior Features
- Balcony, Block Walls, Ceiling Fan(s), Granite Counters, Laminate Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Bedroom on Main Level
- Attached Structure
- Attached
- Number Of Units Total
- 11
- Gross Scheduled Income
- $210,000
- Operating Expense
- 18200
Listing courtesy of Listing Agent: Craig Martin (craig@tngrealestate.com) from Listing Office: T.N.G. Real Estate Consultants.
Listing sold by Craig Martin from T.N.G. Real Estate Consultants
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.