225 Madison, Placentia, CA 92870

$1,725,000
Sold Price
$1,725,000
List Price
$1,795,000
Closing Date
Jul 14, 2022
Status
SOLD
MLS#
PW22099982
Lot Size(apprx.)
41,360

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! Buyer to verify all information

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Calculator source: Real Geeks

Courtesy of Keller Williams Realty, Chad Langseth. Selling Office: Crane Real Estate.