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604 W Chapman, Placentia, CA 92870
$459,000
604 W Chapman, Placentia, CA 92870View this property at 604 W Chapman, Placentia, CA 92870
604 W ChapmanPlacentiaCA92870
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Property Description
Seller may consider financing, Inquire for details.
***Fresh, new update regarding this property! ***
{Per recent conversations
1. The Chapman Corridor Revitalization Project (CCRP) is very much a real and priority project for the city of Placentia. It has been and is continuing to move forward.
2. Our specific lot, sitting within the Northgate shopping center, is part of the Chapman Corridor Revitalization Project (CCRP). Since the shopping center is located at one of the key entryways to the city of Placentia, is a very important location.
3. It is reasonable to expect the following to happen at this shopping center, including this lot.
a. This shopping center (Northgate shopping center), being part of the CCRP, is anticipated to be re-zoned to a high-density, mixed-use zoning. The official I spoke with shared that by this time next year, this new zoning will likely have been approved by the City Council.
b. The current zoning for this property and shopping mall is C1 - "Neighborhood Commercial" zone. A very possible (and likely) new zoning for the land in the Northgate center will be high-density mixed zoning use to allow for the building of up to 65 units per acre with a building height limitation of 55 feet. A 55 ft. build height limitation generally allows for building up to 4 stories.
c. Another re-zoning possibility will allow for the building of up to 95 units per acre with a building height limitation of 68 feet (this height allows for building up to 5 stories). The official I spoke with stated that this higher 95-unit density zoning will likely NOT be the zoning designation for this shopping center and lot. The 65 units per acre zoning was much more likely.
d. This high-density mixed-use zoning is designed for residential use on the second floors and higher and for retail/ commercial use on the first floor.
e. At 10,454 SF as the lot size, the math indicates that this lot will enable the build of up to 15 units on the property when considering the 65 units per acre high-density mixed-use zoning.
4. Because of the importance of the Chapman Corridor Revitalization Project (CCRP), the city official stated that she (and the city) does not want there to be an independent development for C1 on our lot at this time. That would go counter to their plan of re-zoning the whole shopping center to the high-density mixed-use zoning that is planned.
Full Property Details
Full Property Details for 604 W Chapman
General
- Price: $459,000
- Status: Active
- Type: Lots/Land
- MLS ID: PW24063378
- Updated: 5/13/2024
- Days on Market: 71 days
- Added to Site: 71 day(s) ago
Location
- Area: 84 - Placentia
- County: Orange
- Development Name: 84 - Placentia
- Subdivision: Chapman Plaza (CHAP)
- Driving Directions: 57 freeway north exit Chapman East to 604
- Dist. to Beach: NA (Miles)
Utilities
- Water: See Remarks
- Dist. to Water: NA
Lot Features
- Property View: None
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Size Source: Assessor
- Zoning: NA
- Lot Description: Sidewalks
Financial Considerations
- Price Per Sq. Ft.: $43.91
Disclosures and Reports
- Buyer’s Brokerage Compensation: 5%
Listed by Compass, David Steinberg
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Schools
Schools serving 604 W Chapman
School District:Placentia-Yorba Linda Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
601 Ruby Dr, Placentia, CA 92870 | K-6 | 0.5 mi | |
645 N Angelina Dr, Placentia, CA 92870 | 7-8 | 0.6 mi | |
500 N Bradford Ave, Placentia, CA 92870 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 604 W Chapman
Date
Details
Price
Change
Source
5/13/2024
Price Reduced
$459,000
-0.22%
MLS
4/09/2024
Price Reduced
$460,000
-4.17%
MLS
3/31/2024
Listed
$480,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 604 W Chapman
604 W Chapman, Placentia, CA 92870 (MLS# PW24063378) is a Lots/Land property with a lot size of 0.2400 acres. 604 W Chapman is currently listed for $459,000 and was received on March 31, 2024. Want to learn more about 604 W Chapman? Do you have questions about finding other Lots/Land real estate for sale in Placentia? You can browse all Placentia real estate or contact a Coldwell Banker agent to request more information.