225 W Madison Avenue, Placentia, CA 92870

$1,725,000
Sold Price
$1,725,000
List Price
$1,795,000
Closing Date
Jul 14, 2022
Status
CLOSED
MLS#
PW22099982
Lot Size
41,360
Acres
0.95
Lot Location
Lot Over 40000 Sqft, Rectangular Lot, Yard
Days on Market
54
Property Type
Land
Neighborhood
Other (Othr)

Property Description

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! Buyer to verify all information

Additional Information

View
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached

Listing courtesy of Listing Agent: Chad Langseth (re524chad@earthlink.net) from Listing Office: Keller Williams Realty.

Listing sold by Thomas Santoro from Crane Real Estate

Mortgage Calculator

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Calculator source: Real Geeks

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.