$1,460,000
SOLD JAN 15, 2021

18222 Mandarin Ln Yorba Linda, CA 92886

15 Beds
9 Baths
8,160 Sq Ft
0.39 Acres

Recently Sold

$179 Per Sq Ft

50% Below List Price

20 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 5-minute walk to Richard Nixon Park
  • Mabel M. Paine Elementary Rated A

About This Home

As of January 2021

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.

Last Agent to Sell the Property

Patrick Swanson

Pat Swanson License #01382974 Listed on: 10/06/2020

Last Buyer's Agent

Gene Tsair

Legacy Real Estate License #01843673

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 0.39 Acre Lot
  • Two or More Common Walls
  • Corner Lot
  • 32329132

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 8,160 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 9 Bathrooms

Utilities

  • Private Water Source

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 5461
  • Assessor Parcel Number 32329131

Community Details

Overview

  • 4 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $2,200
  • Fuel Expense $1,767
  • Insurance Expense $2,700
  • Water Sewer Expense $3,280
  • New Taxes Expense $34,578
  • Operating Expense $53,729
  • Gross Income $147,022
  • Net Operating Income $93,293

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Yorba Linda
  • Water Sewer Expenses: 3280.00
  • Property Type: Residential Income
  • Parcel Number: 32329131
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 178.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 32329132
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 16789.00
  • Lot Size Acres: 0.3854

Multi Family

  • Electric Expense: 2200.00
  • Fuel Expense: 1767.00
  • Gross Income: 147022.00
  • Gross Scheduled Income: 151260.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 16789.0000 Square Feet
  • Net Operating Income: 93293.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 8
  • Operating Expense: 53729.00
  • Rent Control: No
  • Total Actual Rent: 12605.00
  • Total Expenses: 53729.00

Tax Info

  • New Taxes Expense: 34578.00
  • Tax Census Tract: 218.02
  • Tax Lot: 15
  • Tax Tract Number: 5461

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 Change Sq Ft Price
01/15/2021 01/15/21 Sold $1,460,000 -50.1% $179 / Sq Ft
10/06/2020 10/06/20 For Sale $2,925,000 +138.8% $358 / Sq Ft
07/09/2015 07/09/15 Sold $1,225,000 +2.5% $300 / Sq Ft
05/13/2015 05/13/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $1,195,000 -- $293 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patrick Swanson

    Seller's Agent in 2021

    Patrick Swanson

    Pat Swanson

    (213) 864-2862

    2 in this area

    55 Total Sales

    Section Image

  • G

    Buyer's Agent in 2021

    Gene Tsair

    Legacy Real Estate

    (714) 644-9500

    3 in this area

    49 Total Sales

    Section Image
  • Mike Vartanian

    Buyer Co-Listing Agent in 2021

    Mike Vartanian

    Legacy Real Estate

    (714) 584-2700

    6 in this area

    76 Total Sales

    Section Image
  • Gregg Horvath

    Seller's Agent in 2015

    Gregg Horvath

    R.L.M. Equities

    (714) 290-0298

    20 Total Sales

    Section Image
  • Wendy Rawley

    Buyer's Agent in 2015

    Wendy Rawley

    Circa Properties, Inc.

    (714) 746-6355

    23 in this area

    78 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20200385

California Regional Multiple Listing Service (CRMLS)

APN: 323-291-31

California Orange County Yorba Linda 92886

18222 Mandarin Ln, Yorba Linda, CA

This home is located at 18222 Mandarin Ln, Yorba Linda, CA 92886 and is currently priced at $1,460,000, approximately $178 per square foot. This property was built in 1966. 18222 Mandarin Ln is a home located in Orange County with nearby schools including Mabel M. Paine Elementary, Yorba Linda Middle School, and Yorba Linda High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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