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645 S Magnolia AVE Anaheim, CA 92804
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Key Details
Sold Price $1,400,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,683 sqft
Price per Sqft $380
Subdivision ,Unknown
MLS Listing ID PW23097882
Bedrooms 7
Full Baths 5
Year Built 1953
Lot Size 0.760 Acres
Property Description
WELCOME to a piece of Anaheim's history, an AMAZING RANCH STLYE PROPERTY that give you that Tucked Away feeling in the middle of the city. This house was a mansion at the time it was built. The main house boasts 3183 Sqft in Living Space and an attached 500 Sqft ADU that has 2 beds and 2 baths in the back which was recently built in 2019; making it a total of 7 beds, 5 baths and almost 3700 Sqft in living area. BEST OF ALL, this property possesses an enormous lot of 0.76 Acre ~ 33,120 Sqft with a RS-3 ZONING, 160.5Ft frontage which would allow you to split this lot into at least 3 different smaller lots of approximately 11,000 Sqft each for investment purposes. You will then have 3 different lots with 3 different parcel numbers, each lot can have a big house with an ADU and a JADU on it and still have plenty of land for enjoyment. The current owners has submitted architectural plan for lot splitting to the city in the pass and it was approved. However, they did not proceed with it. You can re-apply if you want to turn this great vision into life. This means that this property is good for both your own enjoyment and from an investment stand point with the multi-residential zoning that it holds. Oversized lot like this is already a rare find, and not all the large lot property could be divided into multiple parcels, not if it is located in an interior tract. Furthermore, facing a big street like Magnolia Ave, you could potentially acquire CUP (Conditional Used Permit) for other commercial uses of the property like Barn Style Wedding Venue, Coffee Shop or how about a Buddhist Temple? Additionally, the property would also qualify to be a historic home if you would like to apply for this status with the city and county. There was suggestion but owners chose not to do it, this would immensely helps reduce your property tax rate. These are the features that make this piece of real estate so special and completely stand out from the rest. What are the chances you will find something like this come by again in this super low inventory market? This is really a Real Estate Jewel. The 4 years old ADU has 10Ft high ceiling and air-conditioning units for both bedrooms. To add cherries on top, this property is 5-10 mins drive from freeway 5 and 22 entrances. Conveniently located close to markets, restaurants, shopping centers, Disneyland, Anaheim Convention Center, Angel Stadium...etc. WHAT ARE YOU WAITING FOR??? COME CHECK IT OUT and THROW US AN OFFER BEFORE IT'S GONE!!
Location
State CA
County Orange
Area 79 - Anaheim West Of Harbor
Interior
Cooling None
Fireplaces Type Living Room
Laundry Inside, Laundry Room
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Urban
View Y/N Yes
View Courtyard
Building
Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Garden, Lawn, Landscaped, Level, Rectangular Lot, Ranch, Street Level, Value In Land
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Anaheim Union High
Others
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with Ngoc Kim Tran • Advance Estate Realty