645 S Magnolia Ave, Anaheim, CA 92804

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!!