18222 Mandarin Lane, Yorba Linda, CA 92886
- $1,460,000
- Sold Price
- $1,460,000
- List Price
- $2,925,000
- Closing Date
- Jan 15, 2021
- Status
- CLOSED
- MLS#
- OC20200385
- Year Built
- 1966
- Lot Size
- 16,789
- Acres
- 0.39
- Lot Location
- Corner Lot
- Days on Market
- 0
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- Other (Othr)
Property Description
Located just One Block from Old Towne Yorba Linda, this property offers an investor two, individually parceled four-plexes, with one building having an additional non-conforming studio unit. Tenants enjoy garages, open parking, and community laundry facilities. There is significant upside in rental income due to the excellent unit mix of: (1) 3 Bed / 1.75, (5) 2 Bed / 1 Bath, (2) 1 Bed / 1 Bath, and (1) Non-conforming Studio. Because of Yorba Linda’s apartment shortage, accompanied by the high cost of living, makes this a great investment for any Buyer. This offers an investor an excellent opportunity to obtain residential financing on both properties as well. Please note that the studio unit is being rented for $680 a month. Contact listing agent for further details regarding unit mix, set up and marketing package.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 8
- Sewer
- Public Sewer
- Water
- Private
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $151,260
- Operating Expense
- 53729
Listing courtesy of Listing Agent: Pat Swanson (pat.swanson@colliers.com) from Listing Office: Pat Swanson.
Listing sold by Gene Tsair from Realty Pro 100
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.