NOT LISTED FOR SALE

18006 Avolinda Dr Yorba Linda, CA 92886

9 Beds
5 Baths
4,480 Sq Ft
0.28 Acres

Last Sold October 28, 2024

Last sale price $1,900,000 $424 Per Sq Ft

11 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Landscaped
  • Mabel M. Paine Elementary Rated A

About This Home

As of October 2024

18006 Avolinda Drive is a rare 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 gives 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. Built in 1970 with enclosed garages, the property consists of one large 3 Bedroom unit and three 2 bedrooms with well-designed floor plans. Community amenities include spacious living, fenced patios, central or wall A/C, assigned garages and open car spaces, and an on-site laundry area. There is upside potential in rents for an investor to enhance their return through strategic value-add interior improvements and renovations. 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. The Avolinda Drive Fourplex is a true pride of ownership opportunity in an irreplaceable location and an excellent long-term investment.

Last Agent to Sell the Property

Ignacio Diaz Jr

Investment Capital Real Estate Brokerage Email: id@investmentcapitalre.com License #01379930 Listed on: 08/29/2024

Last Buyer's Agent

Ignacio Diaz Jr

Investment Capital Real Estate Brokerage Email: id@investmentcapitalre.com License #01379930 Listed on: 08/29/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.28 Acre Lot
  • 1 Common Wall
  • Landscaped
  • Corner Lot
  • Rectangular Lot

Parking

  • 3 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,480 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 5 / 13
  • Tax Tract Number 860
  • Assessor Parcel Number 32313301
  • $1,489 per year additional tax assessments

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $172
  • Fuel Expense $206
  • Insurance Expense $2,100
  • Maintenance Expense $1,300
  • Trash Expense $1,842
  • Water Sewer Expense $1,934
  • New Taxes Expense $24,073
  • Operating Expense $33,337
  • Gross Income $148,080
  • Net Operating Income $115,943

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1934.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 32313301
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 424.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1842.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 12197.00
  • Lot Size Acres: 0.2800

Multi Family

  • Electric Expense: 172.00
  • Fuel Expense: 206.00
  • Gross Income: 148080.00
  • Gross Scheduled Income: 148080.00
  • Insurance Expense: 2100.00
  • Laundry Income: 1200.00
  • Lot Size Area: 12197.0000 Square Feet
  • Maintenance Expense: 1300.00
  • Net Operating Income: 115943.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 33337.00
  • Rent Control: No
  • Total Expenses: 33337.00

Tax Info

  • New Taxes Expense: 24073.00
  • Tax Block: 13
  • Tax Census Tract: 218.02
  • Tax Lot: 5
  • Tax Tract Number: 860
  • TaxOtherAnnualAssessmentAmount: 1489.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 Sold $1,900,000 -5.0% $424 / Sq Ft
09/09/2024 09/09/24 Pending -- -- --
08/29/2024 08/29/24 For Sale $2,000,000 -- $446 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24180104

California Regional Multiple Listing Service (CRMLS)

APN: 323-133-01