
Placentia, California 92870
This High-Potential Investment Opportunity is listed at a List Price of $439,000, positioned well below the $455,900 Fair Market Value by 3%. This valuation gap provides $16,900 in Instant Equity. With a Fair Condition Rating, the unit offers a clear path for cosmetic modernization to drive value. Located near CSU Fullerton and top-rated schools like Valencia High, the property features a pool, spa, and private patio. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 212 S Kraemer Boulevard Subject | $439,000* List Price | 2 | 2 | 929 | $491 | - |
A 212 S Kraemer 2616 Sold | $419,000 | 2 | 1 | 845 | $496 | 0.0 mi |
B 212 S Kraemer Active | $489,000 List Price | 2 | 2 | 929 | $526 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this property is well-maintained but dated. While it features some updates like dual-pane windows and laminate flooring, the kitchen has older cabinetry and fluorescent light panels, and the wall-mounted AC units appear aged. It meets the 'Fair' criteria as it is functional but requires cosmetic and system modernization.
The property is ideally situated near California State University, Fullerton, major freeways, and highly-rated schools, making it an excellent choice for students, faculty, and commuters.
Residents benefit from resort-style living with access to a pool, spa, clubhouse, and playground, which significantly enhances the lifestyle appeal and rental potential.
Following a recent price reduction to $439,000, this unit offers a strong value proposition for first-time buyers or investors looking for an entry-level opportunity in Placentia.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 929, other record living area = 845.
Built in 1972, the building and unit may require more frequent maintenance or modernization compared to newer residential developments in the area.
With 41 days on the market and a prior price cut, the property has experienced slower-than-average traction, which may impact future resale liquidity.
Welcome to this beautifully maintained upper-level 2-bedroom, 2-bath condominium in the desirable Cinnamon Tree community of Placentia. Unit #702 Offering approximately 929 square feet of comfortable living space, this inviting home features a bright, open floor plan with a spacious living room, dining area, and an abundance of natural light. The kitchen offers ample cabinetry and countertop space, making meal preparation both functional and convenient. The generously sized primary suite includes its own private bathroom, while the second bedroom is ideal for guests, a home office, or additional living space. Additional highlights include dual-pane windows, ample storage, and two assigned parking spaces. Residents enjoy access to resort-style community amenities including a sparkling pool, spa, clubhouse, playground, and beautifully landscaped grounds. Conveniently located near shopping, dining, parks, schools, California State University, Fullerton, and major freeways, this home offers an exceptional combination of comfort, convenience, and value. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this is one you won't want to miss!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 0.5 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 929 | 1,242.333 |
| Lot Size | 600,242 | 22,491.5 |
| Price | $439.0K | $718.2K |
| Price per sq ft | $473 | $588 |
| Built year | 1972 | 1984 |
| HOA | $380.0 | $413 |
| Days on market | 68 | 56 |
Aug 13, 2026
$439,000
$455,900
-4% Price Drop
Initial Listing
Jul 3, 2026
$455,900
Initial Listing
May 6, 1999
$68,500
Public Record