607 W La Jolla, Placentia, California 92870, Placentia, 92870 - 0 bed, 0 bath
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Placentia, California 92870
Analysis of 607 W La Jolla, Placentia, California 92870 is currently available with a list price of $1,499,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Placentia Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1959, the property is over 60 years old. While the listing describes it as well-maintained with stable rental income, the exterior shows dated windows and finishes. The heavy emphasis on 'redevelopment' and 'land value' suggests that the kitchens, bathrooms, and major systems are likely dated and nearing the end of their functional lifespan, requiring updates to achieve market-rate potential.
The expansive 27,060 SF R2-zoned lot offers exceptional upside for future ADU development or full redevelopment, providing a rare land-value opportunity in North Orange County.
The triplex configuration, featuring a mix of 3-bedroom and 2-bedroom units, ensures stable in-place income and appeals to a wide range of tenant demographics.
Conveniently situated near major freeways, shopping, and schools, the property is positioned in a high-demand rental market with long-term appreciation potential.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =26872, other record lot size in square feet = 26769. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3018, other record living area = 1296.
Built in 1959, the property may require increased maintenance budgets or capital improvements to modernize systems and remain competitive with newer builds.
With no designated views and a standard residential setting, the property lacks the premium aesthetic features that often command top-tier luxury rents.
Rare multifamily investment opportunity in the heart of Placentia. This well-maintained triplex is situated on an expansive 27,060 SF R2 Low/Medium Density lot, offering a unique combination of stable in-place income and long-term upside. The property features one (1) 3-bedroom, 1.5-bath unit and two (2) 2-bedroom, 1-bath units with ample on-site parking and attractive outdoor space. The oversized parcel provides potential opportunities for future ADU development or redevelopment (buyer to verify with the City of Placentia). Conveniently located near shopping, dining, schools, parks, and major freeways, this is a rare opportunity to acquire a well-located multifamily asset with exceptional land value in North Orange County.
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 | 3,018 | - |
| Lot Size | 26,872 | - |
| Price | $1.50M | $1.33M |
| Price per sq ft | $497 | $607 |
| Built year | 1959 | 0 |
| HOA | $0 | $0 |
| Days on market | 7 | 53 |
Jul 15, 2026
$1,499,000
Initial Listing
Apr 26, 2017
$740,000
Public Record