936 Cypress, Placentia, California 92870, Placentia, 92870 - 3 bed, 2 bath

936 Cypress, Placentia, California 92870 home-pic-0
ACTIVE$699,000
936 Cypress, Placentia, California 92870
3Beds
2Baths
1,040Sqft
5,400Lot
Year Built
1928
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$672
HOA
-
Days on market
-
Sold On
-
MLS number
PW25265077
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,5 Pros. Rank: price - $699.0K(7th), sqft - 1040(7th), beds - 3(30th), baths - 2(43th).

A rare value-add opportunity in one of Placentia’s most stable, long-term appreciation markets. Welcome to a classic 3-bedroom, 2-bath single-story home offering incredible upside for both investors and homeowners looking to design their dream space. Originally built in 1928 and thoughtfully reimagined in the 1980s, this home blends its original character with solid bones—making it the perfect blank canvas for your next project. Sitting on a 5,400 sq ft lot, the property offers a spacious backyard with room to reconfigure, expand, garden, or create the outdoor living space you’ve always wanted. Investors will appreciate the detached two 1-car garages, creating multiple possibilities: convert one into an ADU, use both for storage, or explore added rental income pathways. Inside, you’ll find three full-sized bedrooms, two functional bathrooms, and a layout that lends itself perfectly to cosmetic updating, full renovation, or future expansion. Whether your vision is a modern rental, a long-term family home, or a complete redesign—this property is a rare chance to maximize value your way.For investors, this home checks all the boxes: location, lot size, rental potential, and value-add opportunity. For primary buyers, it’s the freedom to renovate, personalize, and build long-term wealth through homeownership. If you're looking for a project with massive potential and a chance to capitalize on the long-term Placentia market—this is the one.

Price History

Date
Event
Price
11/24/25
Listing
$699,000
Condition Rating
Poor

Built in 1928 and last 'reimagined' in the 1980s, this property is significantly outdated, with its last major renovation occurring 40-45 years ago. The listing explicitly markets it as a 'value-add opportunity' and a 'blank canvas' requiring 'cosmetic updating, full renovation, or future expansion.' Images reveal a dated exterior, window AC units, and old tiled flooring, indicating a lack of modern amenities and systems. The absence of kitchen and bathroom photos strongly suggests these areas are in very poor and outdated condition, necessitating substantial repairs and rehabilitation to meet current living standards.
Pros & Cons

Pros

Investment & Value-Add Potential: The property is explicitly marketed as a 'rare value-add opportunity' with 'incredible upside' for both investors and homeowners looking to design their dream space and build equity.
ADU & Income Potential: The presence of detached two 1-car garages offers significant flexibility for ADU conversion, additional storage, or exploring added rental income pathways.
Strong Market Location: Located in Placentia, described as 'one of Placentia’s most stable, long-term appreciation markets,' suggesting strong future value and desirability.
Expansion & Customization Flexibility: Sitting on a 5,400 sq ft lot, the property provides ample space for reconfiguring, expanding, gardening, or creating a personalized outdoor living area.
Solid Foundation for Renovation: Despite its 1928 build, the home is noted to have 'solid bones' and a functional layout, making it a 'perfect blank canvas' for cosmetic updates or a full renovation.

Cons

Extensive Renovation Required: The property description clearly indicates a need for 'cosmetic updating, full renovation, or future expansion,' implying significant upfront investment and project management for buyers.
Potential Overpricing: The listing price of $699,000 is 10% higher than the estimated property value of $623,114.17, which may suggest it is priced above current market value for its condition.
Limited Interior Square Footage: With 1040 sq ft for a 3-bedroom, 2-bath configuration, the interior living space is relatively compact, which might limit appeal for buyers seeking more expansive rooms without undertaking an addition.

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