201 S Melrose, Placentia, California 92870, Placentia, 92870 - 0 bed, 0 bath
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Placentia, California 92870
This Dual-Living Residential Income Asset is a Strong Value Opportunity, listed at $1,299,999—positioned above the $1,196,806 Fair Market Value. Despite the premium, the property features a Mint Condition Rating following a comprehensive, high-end renovation. With two independent units on an 8,276 sqft corner lot, this property offers significant versatility for multi-generational living or rental income. The modern kitchens and private outdoor patios ensure immediate tenant appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property in Placentia.
Property is new construction or fully renovated.
Despite the 1914 build date, the property has undergone a comprehensive, high-end renovation within the last 5 years. Both units feature brand-new kitchens with stone countertops and waterfall edges, modern cabinetry, updated flooring, recessed lighting, and new windows, putting it in mint, move-in-ready condition.
The property features two separate, beautifully remodeled residences with private entrances and addresses, offering exceptional flexibility for multi-generational living or high-yield rental income.
Both homes have been stylishly updated with contemporary open-plan layouts, modern kitchens with breakfast bars, and high-end finishes, ensuring a move-in-ready experience for buyers.
Situated on a large 8,276 sqft fully fenced corner lot, the property provides significant outdoor space, including a private backyard, a wraparound verandah, and a 2-car garage.
With only one bathroom in each unit (3BR/1BA and 2BR/1BA), the layout may be a drawback for larger families or modern buyers expecting a higher bathroom-to-bedroom ratio.
Originally built in 1914, the property may present challenges related to century-old infrastructure and foundation that cosmetic remodels might not fully address.
An Exceptional Dual-Living Opportunity in Prime Placentia, Discover a truly rare and remarkable offering in the heart of Placentia—two beautifully remodeled homes on one expansive, fully fenced corner lot. With separate addresses and private entrances, this property delivers the perfect blend of luxury, functionality, and versatility for extended families, multi-generational living, or savvy investors. Main Residence: Step into a stylishly updated 3-bedroom, 1-bathroom home featuring a spacious, modern kitchen with a breakfast bar, an elegant built-in fireplace, and an open-plan layout that flows seamlessly into a wraparound enclosed verandah—ideal for relaxing or entertaining. The large, private backyard offers abundant space for outdoor living and gatherings. Second Residence: Equally impressive, the second home offers 2 bedrooms and 1 bathroom with a contemporary open-plan design, excellent natural light, generous storage, and private front and side patios. Additional features include a separate laundry room, a 2-car garage, and a state-of-the-art security camera system.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,857 | - |
| Lot Size | 8,276 | - |
| Price | $1.30M | $1.33M |
| Price per sq ft | $700 | $607 |
| Built year | 1914 | 0 |
| HOA | $0 | $0 |
| Days on market | 22 | 53 |
Jun 30, 2026
$1,299,999
Initial Listing
Oct 3, 2024
$600,000
Public Record