604 West Chapman Avenue

Placentia, CA 92870

$459,000
Price
10,454 / 0.24
Lot Size / Acres

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
...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.

Listing Agent

  1. David Steinberg

    David Steinberg

    Listing Agent

    Compass

    DRE #01921010

Property Details for 604 West Chapman Avenue

View
None
Lot Size Source
Assessor
Assessor Parcel Number
339-371-33
New Construction
No
Pool
No
View
No
Association
No
Association Fee
$.00

Location

Listing Courtesy of Compass, David Steinberg, DRE #01921010
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LISTING UPDATED: 05/13/2024 12:49 AM

Property Details for 604 West Chapman Avenue

StatusActive
MLS #PW24063378
Days on Market62
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.24 AC
CountyOrange County

Location

Listing Courtesy of Compass, David Steinberg, DRE #01921010
Add your commute

Building Information for 604 West Chapman Avenue

Lot Size0.24 AC

Payment Calculator

$2,505 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,505

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 604 West Chapman Avenue

Income / Expense / Tax Details
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $15
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Exterior Features
  • View Description: None
Distance To
  • Distance To Water: NA
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: See Remarks
  • Water Source: See Remarks
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Chapman Plaza
  • Builders Tract Code: Chapman Plaza (CHAP)

Property History for 604 West Chapman Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 604 West Chapman Avenue

This home is within Placentia-Yorba Linda Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Ruby Drive Elementary School
PublicK to 6

Kraemer Middle School
Public7 to 8

Valencia High School
Public9 to 12

Parkview
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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604 West Chapman Avenue is a 0.24 ac of land for sale in Placentia, CA 92870. This property was listed for sale on March 22, 2024 by Compass, it's currently listed at $459,000. It has been on the market for a total of 62 days and was last sold on August 11, 2023. This listing's school district is Placentia-Yorba Linda Unified School District. Nearby schools include Ruby Drive Elementary School, Kraemer Middle School and Valencia High School. 604 West Chapman Avenue is a 0-bed, 0-bath, 0.24 ac of land on a 10,454 sq. ft. / 0.24 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, David Steinberg, DRE #01921010

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.