18026 Avolinda Drive, Yorba Linda, California 92886, Yorba Linda, 92886 - bed, bath

18026 Avolinda Drive, Yorba Linda, California 92886 home-pic-0
ACTIVE$2,250,000$4,480/sqft
18026 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 & Quality of Life: Located in Yorba Linda, one of Orange County’s most desirable and affluent suburbs, consistently ranked among the best and safest places to live, offering a high-quality living environment.
Top Cons:
Property Age: Built in 1970, the property may require significant capital expenditure for system upgrades, deferred maintenance, or modernization to meet contemporary tenant expectations and maximize rent potential.

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: Built in 1970, the property's age (54 years) and the explicit mention of 'value-add interior improvements and renovations' to achieve significant rent upside strongly indicate that the interiors, including kitchens and bathrooms, are substantially outdated and require significant rehabilitation. The presence of wall-mounted A/C units visible in the images further suggests older systems. While the exterior appears maintained, the interior condition is implied to be well below current standards, necessitating substantial investment to modernize.
Year Built
1970
Close
-
List price
$2.25M
Original List price
$2.25M
Price/Sqft
$502
HOA
-
Days on market
-
Sold On
-
MLS number
NP26012283
Home ConditionPoor
Features
Patio
View-

About this home

18026 Avolinda Drive is a high quality real estate 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 36% ± 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
Poor

Built in 1970, the property's age (54 years) and the explicit mention of 'value-add interior improvements and renovations' to achieve significant rent upside strongly indicate that the interiors, including kitchens and bathrooms, are substantially outdated and require significant rehabilitation. The presence of wall-mounted A/C units visible in the images further suggests older systems. While the exterior appears maintained, the interior condition is implied to be well below current standards, necessitating substantial investment to modernize.
Pros & Cons

Pros

Prime Location & Quality of Life: Located in Yorba Linda, one of Orange County’s most desirable and affluent suburbs, consistently ranked among the best and safest places to live, offering a high-quality living environment.
Strong Market Fundamentals: Benefits from a limited supply of apartments, low vacancy rates, and a significant affordability gap between buying and renting, ensuring consistent demand for rental units.
Significant Value-Add Potential: Offers approximately 36% upside potential in rents, allowing an investor to substantially enhance returns through strategic interior improvements and renovations.
Excellent Local Amenities & Accessibility: Provides convenient access to key attractions such as Yorba Linda Town Center, Main Street Historic District, Yorba Linda High School, Black Gold Golf Club, Richard Nixon Library, and Brea Mall.
Desirable Income Property & Unit Mix: A quadruplex with a diverse unit mix of one 3-bedroom and three 2-bedroom units, featuring well-designed floor plans, enclosed garages, fenced patios, and on-site laundry, appealing to a broad tenant base.

Cons

Property Age: Built in 1970, the property may require significant capital expenditure for system upgrades, deferred maintenance, or modernization to meet contemporary tenant expectations and maximize rent potential.
Required Capital for Rent Upside: Achieving the stated 36% rent upside is contingent upon substantial upfront capital investment for interior improvements and renovations, making it less of a turn-key investment.
Potential for Outdated Interiors: Given the 1970 build year and the explicit mention of 'value-add interior improvements,' the current unit interiors are likely dated and will require significant renovation to attract higher-paying tenants.
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