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Listed by Ignacio Diaz Jr. • Investment Capital Real Estate
$1,895,000
Est. payment /mo
4,135 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,135 sqft
Price per Sqft $458
MLS Listing ID CRNP25175174
HOA Y/N No
Year Built 1965
Lot Size 113 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
18181 Mandarin Lane is a pride of ownership fourplex, located in one of Orange County’s desirable affluent suburbs. The city of Yorba Linda has been ranked among the best and safest places to live, providing tenants a quiet, higher quality living environment. This excellent location offers tenants convenient access to the new Yorba Linda Town Center, Main Street Historic District, Yorba Linda High School, the Black Gold Golf Club, the famous Richard Nixon Library & Museum, and the popular Brea Mall and Downtown Brea. The property has a Covington style build, with one large 3 Bedroom unit in the front and three additional rental units in the back, all with well-designed floor plans. Amenities include garage spaces, fenced patios, A/C, updated interiors, and an on-site laundry room. There is roughly a 25% ± upside potential in rents for an investor to enhance their return, as current rents are substantially below market. A limited supply of apartments in the city of Yorba Linda, low vacancy rates and the affordability gap between buying and renting should continue to ensure a consistent demand for these rental units. This fourplex is a rare opportunity in an irreplaceable location and an excellent long-term investment.
Location
State CA
County Orange
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area, Laundry Room, Other, Inside
Building
Lot Description Cul-De-Sac, Other
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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