101 S Melrose, Placentia, California 92870, Placentia, 92870 - 3 bed, 3 bath
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Placentia, California 92870
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $969,000—positioned well below the $993,776 Fair Market Value by 2%. This valuation gap offers $24,776 in Instant Equity. Featuring a Mint Condition Rating with a fully remodeled kitchen and designer finishes, the property offers immediate rental appeal near Cal State Fullerton. With a large 7,245 sqft lot providing significant ADU Potential, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality, versatile asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 101 S Melrose Subject | $969,000* List Price | 3 | 3 | 1,242 | $800 | - |
A 1130 Sheffield Street Sold | $975,000 | 3 | 2 | 1,465 | $666 | 0.9 mi |
B 904 Jade Circle Sold | $1,200,000 | 4 | 2 | 1,522 | $788 | 0.5 mi |
C 904 Aquamarine Sold | $1,098,000 | 4 | 2 | 1,522 | $721 | 0.6 mi |
D 518 Sheree Sold | $1,080,000 | 4 | 2 | 1,687 | $640 | 0.7 mi |
E 619 W Chapman Active | $929,000 List Price | 3 | 2 | 1,173 | $792 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1908 build date, the property has undergone a complete, high-end renovation within the last year. The home features a fully remodeled kitchen with quartz countertops and contemporary cabinetry, designer-renovated bathrooms, new dual-pane windows, and updated flooring throughout, meeting the criteria for mint condition with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7245, living area = 1242.
This 1908 home has been completely reimagined with high-end finishes, including a designer kitchen with quartz countertops and wide-plank flooring, offering a move-in-ready experience with contemporary appeal.
Situated near Old Town Placentia and Cal State Fullerton, the property is ideally positioned for high rental demand from students and faculty or for those seeking a vibrant, walkable lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1242, other record living area = 1325.
Despite the modern aesthetic, the 1908 original construction may present long-term maintenance challenges typical of century-old structures regarding foundation or legacy systems.
At 1,242 square feet, the interior living area is relatively modest for the price point, which may limit appeal for larger families or those requiring expansive indoor square footage.
**Welcome to one of Placentia's most beautifully reimagined homes, where modern design meets everyday comfort in an exceptional location. Just minutes from the charm of Old Town Placentia, shopping, dining, parks, top-rated schools, and California State University, Fullerton, this fully renovated home offers the perfect blend of style, functionality, and future potential.** From the moment you enter, you'll appreciate the light-filled, open-concept design featuring wide-plank wood flooring, recessed lighting, fresh designer paint, new dual-pane windows, updated doors and trim, and thoughtfully selected finishes throughout. The stunning kitchen has been completely remodeled with contemporary cabinetry, quartz countertops, designer fixtures, creating a space that is both beautiful and functional. The bathrooms have also been tastefully renovated with modern tile, vanities, and high-end finishes, giving the home a clean, luxurious feel. The spacious bedrooms provide comfortable retreats, while the flexible floor plan easily accommodates families, professionals working from home, or multigenerational living. Outside, the generous lot offers plenty of room to entertain, relax, or explore the potential for an ADU (buyer to verify). Located just minutes from **Cal State Fullerton**, this property also presents an outstanding opportunity for investors seeking student or faculty housing, long-term rental income, or other income-producing possibilities where permitted by local regulations. With designer-quality renovations, a prime North Orange County location, and incredible versatility, this move-in-ready home is a rare opportunity that offers both immediate enjoyment and long-term value. **Schedule your private tour today and experience everything this exceptional Placentia home has to offer.**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,242 | 2,065 |
| Lot Size | 7,245 | 7,000 |
| Price | $969.0K | $1.24M |
| Price per sq ft | $780 | $613 |
| Built year | 1908 | 1971 |
| HOA | $0 | $214 |
| Days on market | 4 | 41 |
Jul 18, 2026
$969,000
Initial Listing
Oct 24, 2024
$650,000
Public Record
Oct 24, 2024
$610,000
Public Record