940 Cypress, Placentia, California 92870, Placentia, 92870 - 0 bed, 0 bath
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Placentia, California 92870
This Renovated Residence with a Detached ADU is listed at $1,100,000, positioned near its $1,038,820 Fair Market Value to reflect its significant income-generating potential. Boasting a Condition Rating of 2, the property features a French country kitchen, durable wood-plank tile, and a paid solar system servicing both units. The detached ADU provides immediate rental income, making this a versatile asset in a Historic subdivision near Cal State Fullerton. This turnkey property is an ideal match for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Property is new construction or fully renovated.
While originally built in 1946, the property has undergone a comprehensive modern renovation likely within the last 5 years. The interior features a contemporary French country kitchen with stainless steel appliances and subway tile, fully updated bathrooms with furniture-style vanities and modern tile work, and durable wood-plank tile flooring. System upgrades including a solar power system and Mr. Cool mini-split AC units further justify the top rating.
The property includes a detached ADU with a tenant already in place, providing immediate rental income and making it an ideal opportunity for investors or owner-occupants looking to offset mortgage costs.
A paid-off solar system services both the main residence and the ADU, significantly reducing monthly utility expenses and increasing the long-term value of the investment.
Situated in a historic area within walking distance to major parks and premium shopping like Trader Joe's, and just 3.5 miles from Cal State Fullerton, the location ensures high tenant demand and lifestyle convenience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1644, other record living area = 1160.
The home relies on a combination of mini-split units and window AC units rather than a centralized HVAC system, which may be less efficient and less aesthetically appealing to some buyers.
With two separate dwellings and a long driveway situated on a 5,400 sqft lot, the remaining yard space is restricted, potentially limiting privacy and outdoor recreational options for occupants.
The main home features 3 bedrooms and 2 bathrooms with durable wood plank tile flooring throughout, creating a low-maintenance and functional living space ideal for owner-occupants or additional rental potential. The French country kitchen includes glass-front cabinetry, a center island, and ample prep and storage space designed for everyday use. The spacious primary suite offers a walk-in closet and an updated? en-suite bathroom with a furniture-style vanity, modern mirrors, and upgraded lighting. Climate control is optimized with two Mr. Cool AC units in the main living area and primary bedroom, plus window AC units in both secondary bedrooms. A solar system services both the main home and ADU, helping reduce operating expenses and improve overall efficiency. The long driveway provides ample off-street parking and direct access to the detached ADU, enhancing tenant convenience and property functionality. Highlights? are: • Detached ADU with tenant in place • Immediate income with upside potential • Paid solar reducing utility costs • Flexible use: owner-occupy + rent, or full investment Location Highlights? are: Conveniently located approx. 0.6 miles to Tri-City Park, 0.8 miles to Kraemer Memorial Park, 1.0 mile to the Placentia Civic Center & Library, 1.3 miles to Trader Joe’s and Sprouts Farmers Market, 3.5 miles to Cal State Fullerton, and easy access to the 57 Freeway.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 1% |
| Baths | 0.0 | 3.0 | 1% |
| Square foot | 1,644 | 2,068 | 21% |
| Lot Size | 5,400 | 7,000 | 26% |
| Price | $1.10M | $1.31M | 29% |
| Price per sq ft | $669 | $637 | 61% |
| Built year | 1946 | 1971 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 153 | 1% |
Apr 18, 2026
$1,100,000
Initial Listing
May 11, 2023
$750,000
Public Record
Apr 27, 2021
$630,000
Public Record
Oct 7, 2009
$250,000
Public Record
Jun 17, 2009
$144,000
Public Record
Jan 30, 2007
$390,000
Public Record
May 12, 2004
$272,500
Public Record