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Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NP24180112
Sold Date 10/28/24
Bedrooms 9
HOA Y/N No
Lot Size 0.280 Acres
Property Description
18026 Avolinda Drive is a rare fourplex, located in one of Orange Countys 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.
18026 Avolinda Drive is a rare fourplex, located in one of Orange Countys 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.
Location
State CA
County Orange
Area Oc - Yorba Linda (92886)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Monthly Total Fees $124
Space Rent $2,300
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Bought with Ignacio Diaz Jr. • Investment Capital Real Estate