Placentia, CA 92870,225 W Madison Avenue
Listed by Chad Langseth • Keller Williams Realty
Bought with Thomas Santoro • Crane Real Estate

$1,725,000

Est. payment /mo

$1,795,000

3.9%
Est.Price: ?

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225 W Madison Avenue Placentia, CA 92870

41,360 SqFt

SOLD DATE : 07/14/2022

Key Details

Sold Price $1,725,000

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Sold

Purchase Type For Sale

Square Footage 41,360 sqft

Price per Sqft $41

MLS Listing ID CRPW22099982

Lot Size 0.949 Acres

Property Sub-Type Unimproved Land

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

Location

State CA

County Orange

Exterior

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Building

Water Public

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Bay East Association of Realtors
Donny Piwowarski

Donny Piwowarski

Broker | License ID: 01444374

+1(844) 437-4969

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