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18006 Avolinda Drive, Yorba Linda, California 92886, Yorba Linda, 92886 - bed, bath

18006 Avolinda Drive, Yorba Linda, California 92886 home-pic-0
ACTIVE$2,250,000$4,480/sqft
18006 Avolinda Drive, Yorba Linda, California 92886
0Bed
0Bath
4,480Sqft
12,197Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Desirability: Located in Yorba Linda, one of Orange County’s most desirable, affluent, and safest suburbs, offering a high-quality living environment with convenient access to key amenities like Yorba Linda Town Center, Main Street Historic District, Yorba Linda High School, and Brea Mall.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12197, other record lot size in square feet = 12053.

Compared to the nearby listings

Price:$2.25M vs avg $2.10M (+$150,000)50%
Size:4,480 sqft vs avg 4,307.5 sqft50%
Price/sqft:$502 vs avg $48750%

More Insights

Built in 1970 (56 years old).
Condition: The property was built in 1970, and while the exterior appears well-maintained, the listing explicitly mentions 'Potential for Outdated Interiors' and the need for 'strategic value-add interior improvements and renovations' to achieve higher rents. This indicates that while the provided images showcase a recently renovated unit (with modern kitchen, stainless steel appliances, new flooring, and updated bathroom with illuminated mirror), this condition is likely not representative of all units. The presence of 'wall A/C' in some units further suggests older systems. The overall property is aged but functional, requiring significant updates in the unrenovated units to meet current market expectations, aligning with a 'Fair' condition.
Year Built
1970
Close
-
List price
$2.25M
Original List price
$2.25M
Price/Sqft
$502
HOA
-
Days on market
-
Sold On
-
MLS number
NP26010288
Home ConditionFair
Features
Deck
Patio
View-

About this home

18006 Avolinda Drive is a high quality asset, located in one of Orange County’s most 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 interiors, fenced patios, central or wall A/C, assigned garages and open car spaces, and an on-site laundry room. There is roughly a 30% ± 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.

I
Ignacio Diaz Jr.
Listing Agent

Price History

Date
Event
Price
10/28/24
Sold
$1,900,000
Condition Rating
Fair
The property was built in 1970, and while the exterior appears well-maintained, the listing explicitly mentions 'Potential for Outdated Interiors' and the need for 'strategic value-add interior improvements and renovations' to achieve higher rents. This indicates that while the provided images showcase a recently renovated unit (with modern kitchen, stainless steel appliances, new flooring, and updated bathroom with illuminated mirror), this condition is likely not representative of all units. The presence of 'wall A/C' in some units further suggests older systems. The overall property is aged but functional, requiring significant updates in the unrenovated units to meet current market expectations, aligning with a 'Fair' condition.
Pros & Cons

Pros

Prime Location & Desirability: Located in Yorba Linda, one of Orange County’s most desirable, affluent, and safest suburbs, offering a high-quality living environment with convenient access to key amenities like Yorba Linda Town Center, Main Street Historic District, Yorba Linda High School, and Brea Mall.
Significant Rental Upside Potential: The property offers approximately 30% upside potential in rents, allowing an investor to significantly enhance returns through strategic value-add interior improvements and renovations.
Strong Market Demand & Low Vacancy: Benefiting from a limited supply of apartments in Yorba Linda, low vacancy rates, and the affordability gap between buying and renting, ensuring consistent demand for rental units.
Diverse Unit Mix & Community Amenities: Comprises one large 3-bedroom unit and three 2-bedroom units with well-designed floor plans. Community amenities include spacious interiors, fenced patios, central or wall A/C, assigned enclosed garages, open car spaces, and an on-site laundry room.
Long-Term Investment Opportunity: Positioned as a true pride of ownership opportunity in an irreplaceable location, making it an excellent long-term investment asset.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12197, other record lot size in square feet = 12053.
Age of Property: Built in 1970, the property's age may imply older systems, potential for deferred maintenance, and outdated aesthetics that could require significant capital expenditure for modernization.
Required Capital Expenditure for Upside: Realizing the stated 30% rental upside is contingent upon 'strategic value-add interior improvements and renovations,' indicating a need for substantial additional investment post-acquisition.
Potential for Outdated Interiors: Given the 1970 construction and the explicit mention of needing 'value-add interior improvements,' the current unit interiors are likely not modern and may require extensive renovation to achieve top-tier market rents.
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