About this home

Rare 80 unit, single story multifamily community on 5.17 contiguous acres in Placentia. The property is 96.25% occupied and offers a 5.80% current underwritten cap rate. Unit mix consists of 79 two bedroom, one bath residences and one one bedroom, one bath plus office. Every unit includes a private enclosed patio, with two parking spaces per residence, including one covered space. Community amenities include a swimming pool, playground, on site laundry, and guest parking. Approximately $834,426 has been invested in capital improvements and major repairs since 2023, including replacement of all property electrical panels, interior renovations, plumbing work, appliance and HVAC replacements, and site improvements. The offering provides a straightforward mark to market opportunity through natural turnover, potential conversion of existing rooms and structures into approximately 2 to 4 ADUs, and long term redevelopment optionality under R 3 zoning. Immediate access to SR 57 and SR 91, near Cal State Fullerton, schools, employment centers, shopping, and the Platinum Triangle. Buyer to independently verify all property, financial, ADU, zoning, and redevelopment information.

Facts and features

Schools

• Melrose Elementary School

  elementary · K-5 · 0.1 mi

  8

• Valadez Middle School Academy

  middle · 6-8 · 0.2 mi

  6

• Valencia High School

  high · 9-12 · 1.0 mi

  9

• Minaret Academy

  elementary · K-8 · 1.1 mi

• Kraemer Middle School

  middle · 7-8 · 1.1 mi

  7

• Minaret Academy

  elementary · K-6 · 1.1 mi

Price history

• Oct 8, 2026 · Listed$29,500,000
• Oct 31, 1997 · Sold$85,000
• Jan 29, 1987 · Sold$4,037,500

Tax history

• 2025$82,638 tax · $5,863,373 assessed
• 2024$80,629 tax · $5,748,405 assessed
• 2023$78,980 tax · $5,525,189 assessed
• 2022$78,003 tax · $5,416,852 assessed
• 2021$76,788 tax · $5,310,640 assessed
• 2020$76,766 tax · $5,256,186 assessed
• 2019$74,620 tax · $5,153,124 assessed
• 2018$73,726 tax · $5,052,083 assessed

Where it is