$531,000
●
House -
Off Market
216 S Walnut Avenue
Placentia, CA 92870
3 Beds
1 Bath
1,104 Ft²
$2,946
Est. Monthly
About This Property
OUTSTANDING POTENTIAL ON THIS THREE BEDROOM HOME LOCATED IN THE OC
WITH EASY ACCESS TO VARIOUS MAJOR FREEWAYS and close to both Cal
State Fullerton and Disneyland! Living room has laminate
flooring, split AC, ceiling fan and french doors to a covered side
patio with ceiling fan. Kitchen with eating area has laminate
flooring, newer counters, ceiling fan and a closet for washer and
dryer. A full bath has tile floor. Partial dual pane windows
and we believe that there is new plumbing from the house to
the street. Seller states roof is approximately six years old.
There is a split level backyard with fruit trees and two
sheds. Relax outside and enjoy the cool air under a beautiful
shade tree in the front yard. Two car detached garage. A
little rough around the edges but great potential!
Unit Size
1,104 Ft²
Days on Market
354 days
Land Size
0.17 acres
Price per sqft
$543
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1923
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #CV24111765)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2025 | Sold | ||
| Sold | |||
| Apr 28, 2025 | In contract | - | |
| In contract | |||
| Jan 10, 2025 | No longer available | - | |
| No longer available | |||
| Dec 20, 2024 | Price Decreased |
$599,900
↓ $50K
(7.7%) | |
| Price Decreased | |||
| Nov 7, 2024 | Relisted | $649,900 | |
| Relisted | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Placentia
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Listed by: Joy Cross, RE/MAX MASTERS REALTY
Last Updated: 2 years ago
Data Source: CRMLS, MLS# CV24111765
Last Updated: 2 years ago
Data Source: CRMLS, MLS# CV24111765
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