216 West Santa Fe Avenue

Placentia, CA 92870

$1,995,000
Price
6
Beds
7
Baths
3,750 Sq. Ft.
$532 / Sq. Ft.
3,750
Sq. Ft.
$532
per Sq. Ft.

Description

Mixed Use Building in the heart of Old Town Placentia. Add Value & Opportunity Zone. Mass area gentrification. Live, Work, Play! 6 residential & 1 commercial unit. Commercial Business included in sale. Additional income from business ownership. Income Breakdown: Laundromat: $5,564/mo. & 6 Residential Rental Units: $7,245/mo. Total: $153,710/yr. This is a unique opportunity to get in front of and be a part of a massive revitalization project which will completely transform this area to a one-of-a...Mixed Use Building in the heart of Old Town Placentia. Add Value & Opportunity Zone. Mass area gentrification. Live, Work, Play! 6 residential & 1 commercial unit. Commercial Business included in sale. Additional income from business ownership. Income Breakdown: Laundromat: $5,564/mo. & 6 Residential Rental Units: $7,245/mo. Total: $153,710/yr. This is a unique opportunity to get in front of and be a part of a massive revitalization project which will completely transform this area to a one-of-a kind destination. Perhaps help shape the area with you own vision. This property is located directly in "ground zero" of the City of Placentia's multi faceted revitalization. New approved Metrolink Station and parking structure directly in the rear of the subject property. New Packing House District Plan and the New Old Town Placentia Revitalization Plan & Streetscape approved and in place. Once in a lifetime opportunity!
  1. Listed by Richard R.J. Kas • DRE #01352771 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 216 West Santa Fe Avenue

Style
Spanish
Parcel Number
33939306
Total Units
7.0
Living Area
3750
Source Living Area
Assessor
Area
Placentia (84)
Vacancy Rate
0
Lot Size Area
2614
LISTING UPDATED: 10/28/2024 05:03 PM

Property Details for 216 West Santa Fe Avenue

StatusActive
MLS #24-354777
Days on Market287
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1916
Lot Size0.06 AC / 2,614 SF
CountyOrange County

Building Information for 216 West Santa Fe Avenue

Stories2Residences-Year Built1916Building Size-Lot Size0.06 AC / 2,614 SF

Property Information for 216 West Santa Fe Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Res & Comm
  • View: Yes
  • View Description: Green Belt, City Lights
  • View: Park/Greenbelt, City Lights
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $153,710
  • Net Operating Income: $105,817.00
  • Gross Income: $153,710
  • Cap Rate: 5.30%
  • Gross Rent Multiplier: $12.98
  • Owner Pays: Electricity, Gas, Water
  • Total Annual Expense: 47893
Land / Lot Info
Land / Lot Info
  • Alternate Street Name: Old Town Placentia
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.06
  • Lot Size Square Feet: 2614
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 3
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Hood Fan, Built-Ins, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 02-02-2024
  • Tenant Pays: Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 6
  • Unit Baths: 6
  • Unit Furnished: No
  • Unit Rent: $1,207.50
  • Unit Actual Rent: $7,245.00
  • Unit Projected Rent: $7,245.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,564.00
  • Unit Actual Rent: $5,564.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $557,757.00
  • Assessed Improvement Percent: 48.78
  • Assessed Land Value: $585,648.00
  • Assessed Land Percent: 51.22
  • Assessed Total Value: $1,143,405.00

Property History for 216 West Santa Fe Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 216 West Santa Fe Avenue

Taxable ValueLand$597,361Additions$568,912Total$1,166,273
Tax Record2024$13,906 ($1,159 / month)
Home Facts
Total Finished SqFt3,146 SqFtAbove Grade Finished SqFt3,146 SqFtStories2Lot Size2,750 SqFtStyleStoresYear Built1916CountyORANGEAPN339-393-06

Schools near 216 West Santa Fe Avenue

This home is within Placentia-Yorba Linda Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Morse Avenue Elementary School
PublicK to 6

Kraemer Middle School
Public7 to 8

Valencia High School
Public9 to 12

El Camino Real Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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216 West Santa Fe Avenue is a multi-family home for sale in Placentia, CA 92870. This property was listed for sale on February 2, 2024 by Coldwell Banker Realty, it's currently listed at $1,995,000. It has been on the market for a total of 287 days and was last sold on February 14, 2017. This listing's school district is Placentia-Yorba Linda Unified School District. Nearby schools include Morse Avenue Elementary School, Kraemer Middle School and Valencia High School. 216 West Santa Fe Avenue is a 6-bed, 7-bath, 3,750 sqft multi-family home built in 1916.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Richard R.J. Kas, DRE #01352771

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.