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225 W Madison Avenue

Placentia, CA 92870
  • $1,795,000
  • STATUS: ACTIVE
  • ON SITE: 10 Days
  • ID#: PW22100255
UPDATED: 48 min ago
$1,795,000
  • 0
    BEDS
  • 0.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

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!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.forsalesandiego.com/homes/128649740
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225 W Madison Avenue Placentia, CA 92870

  • Price: $1,795,000
  • Status: ACTIVE
  • On Site: 10 Days
  • Updated: 48 min ago
  • ID#: PW22100255
0
Beds
0
Baths
0
½ Baths
0.95
Acres
Neighborhood:
Oc - Placentia (92870)
County:
Orange
Area:
Oc - Placentia (92870)
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!
Exterior Features

Pool N/K

Interior Features

Cooling Central Forced Air Stories 1 Story Total Baths Unit1 0

Property Features

Annual Expense Actual 0 Assessments N/K Buildings 4 Cfd Mello Roos Fee 708.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 0 Home Owners Fees 0.0 Possession Close Of Escrow Terms Cash Unit Number For Unit1 1 Unit1 Rent Actual 0.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Keller Williams Realty. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106