1571 Lima 5, Placentia, California 92870, Placentia, 92870 - 1 bed, 2 bath
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Placentia, California 92870
This Modern Turnkey Condominium is a sophisticated residential offering listed at $560,000. Constructed in 2023, the home maintains an Excellent Condition Rating with high-end finishes and a functional dual-bathroom layout. While the list price sits above the $489,386 Fair Market Value, the availability of a $20,000 Grant and exceptionally low $218 HOA fees provide significant lifestyle value. Situated in the prestigious Placentia-Yorba Linda Unified School District, this move-in ready sanctuary offers a maintenance-free lifestyle for first-time buyers or Owner-Occupants seeking modern Orange County living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1571 Lima 5 Subject | $550,000* List Price | 1 | 2 | 807 | $586 | - |
A 1500 E Spruce Street D Active | $589,000 List Price | 2 | 2 | 917 | $642 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built in 2023, making it virtually brand new and in pristine condition. As a contemporary construction, it features modern kitchen cabinetry, updated appliances, and high-quality finishes throughout. With two bathrooms for a one-bedroom unit and all systems (HVAC, electrical, plumbing) being less than two years old, the home meets all criteria for the excellent category with no deferred maintenance.
Built in 2023, this property offers the benefits of contemporary building codes, energy-efficient systems, and modern finishes, ensuring minimal immediate maintenance for the new owner.
At $218 per month, the association fee is remarkably low for a newer Orange County condominium, enhancing the property's affordability and long-term investment appeal.
Unlike many one-bedroom units, this floor plan includes two bathrooms, providing added convenience for guests and a higher level of privacy for the primary suite.
The one-bedroom configuration restricts the potential buyer pool to singles or couples, which may result in a longer time on market compared to multi-bedroom family homes.
With a list price of $570,000 for 807 square feet, the price per square foot is relatively high, which may be a deterrent for budget-conscious first-time buyers.
$20,000 Grant Available for this property! Charming 1-bedroom, 2-bathroom condo in a well-maintained community in Placentia. This home offers a bright and functional layout with a spacious living area, kitchen with ample storage, and private balcony. Ideal for first-time buyers, investors, or anyone seeking low-maintenance living in a convenient Orange County location. The property is close to shopping, dining, schools, and major freeways, making commuting and everyday life easy. Enjoy access to community amenities and a friendly neighborhood atmosphere. Buyer to verify all property details, HOA rules, and any potential assessments.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 5% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 807 | 1,052 | 5% |
| Lot Size | 241,096 | 40,530 | 74% |
| Price | $550.0K | $610.0K | 37% |
| Price per sq ft | $682 | $563 | 84% |
| Built year | 2023 | 1998 | 84% |
| HOA | $218.0 | $360 | 11% |
| Days on market | 41 | 167 | 5% |
Apr 8, 2026
$550,000
$560,000
-2% Price Drop
Initial Listing
Mar 25, 2026
$560,000
$570,000
-2% Price Drop
Initial Listing
Mar 12, 2026
$570,000
Initial Listing