1515 Fisher Circle, Placentia, California 92870, Placentia, - bed, bath

home-pic
ACTIVE$1,350,000
1515 Fisher Circle, Placentia, California 92870
4Beds
2Baths
1,512Sqft
6,000Lot
Year Built
1965
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
TR24231699
Home ConditionGood
Features
Patio
View-

About this home

Looking for great Airbnb investment opportunity? Welcome to this exceptional home in a cul-de-sac with large lot that is licensed and permitted for short term vacation rental. Centrally located in the heart of Orange County, this fully loaded 4 bedroom / 2 bathroom home has been the getaway for many Disneyland area vacationers. Upon entry, the cozy living room features a fireplace with an open layout leading to the private backyard and covered patio area great for BBQ and relaxation. Spacious dining room and fully equipped kitchen. Main bedroom also has direct sliding door access to backyard. Each bedroom offers good size closets, large windows with plantation shutters. Recess light and ceiling fans throughout. Renovated kitchen, master bathroom and 2nd bathroom with large jetted whirlpool tub. The garage is transformed into a game room and laundry with upgrade epoxy flooring. The home features AC and central heating. Zero cost solar lease with 6 years remaining with surplus electricity saving roughly $250 per month: owner receives additional check at year end for surplus energy generated. Artificial turf in front yard for easy maintenance. Close to all major freeway, beaches, and sports stadiums. Price includes all furniture, appliances, furnishing, and supplies used to operate the Airbnb. Refrigerator, washer/dryer, patio furniture, propane grill, outdoor swing, 3 queen beds, 2 twin over twin bunk beds, dining table set, recliner sofa, 2 TVs, TV stand, Skee-ball table, 3 Arcades, Pinball, Air Hockey, Pingpong, Karaoke, Foosball included! Projected CAP Rate 6% with 82% occupany rate. A MUST SEE!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (142 Listings)
Beds44
50%
Baths23
42%
Square foot1,5122,028
19%
Lot Size6,0007,140
23%
Price$1.35M$1.2M
74%
Price per square foot$893$599
99%
Built year19651969
34%
HOA
Days on market358151
97%
Condition Rating
Good

The property was built in 1965 but has been renovated. The kitchen and bathrooms appear updated, with modern fixtures and finishes. The description mentions a renovated kitchen and bathrooms. The images show updated flooring, recessed lighting, and what appears to be well-maintained systems. While not brand new, the property seems to be in good, move-in-ready condition.
Pros & Cons

Pros

Investment Opportunity: Licensed and permitted for short-term vacation rental, presenting a turnkey Airbnb investment with established occupancy and income potential.
Fully Furnished: Price includes all furniture, appliances, furnishings, and supplies, minimizing upfront costs for the buyer.
Desirable Location: Centrally located in Orange County, close to freeways, beaches, and attractions like Disneyland and sports stadiums.

Cons

Solar Lease: The property has a solar lease with 6 years remaining, which may be a liability or require transfer to the new owner.
Garage Conversion: The garage has been converted into a game room, potentially limiting parking space and requiring permits if not properly permitted.

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