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