Sold

133 S Melrose Street

Placentia CA, 92870

$2,975,000


$341.25 per sqft

Sold

8,718 sqft

Multi-family

Built in 1921

Listed by Craig Martin with T.N.G. Real Estate Consultants 714-987-3310

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.

PW21193714

MLS ID

March 18, 2024

Updated

Interior Features

Total Stories

2


Interior Features

Balcony, Block Walls, Ceiling Fan(s), Granite Counters, Laminate Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Bedroom on Main Level


Appliances

Gas Oven, Water Heater


Laundry Description

Washer Hookup, Gas Dryer Hookup, Inside, Laundry Room


Floor Description

Carpet, Tile, Vinyl


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.52 Acres


Exterior Features

Rain Gutters


Lot Features

0-1 Unit/Acre, Back Yard, Front Yard, Lawn, Near Park, Paved, Rectangular Lot, Walkstreet, Yard


Architectural Style

Bungalow, Other


Roof

Composition


Sewer

Public Sewer, Sewer Tap Paid


Window

Drapes, Screens, Wood Frames

Other Property Details

Area Name

84 - Placentia


Days on Market

5


Garage

No


Parking Total

15


View

Yes


View Description

Neighborhood


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Utilities

Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

Listing Contact: 714-987-3310 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/18/2024 at 5:07 PM UTC

 

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