18222 & 18242 Mandarin Ln., Yorba Linda

$2,925,000

18222 & 18242 Mandarin Ln., Yorba Linda
  • UNITS:  8 Legal + 1 Non-Conforming
  • UNIT MIX:  (1) 3 Bed / 1.75 Bath, (5) 2 Bed / 1 Bath, (2) 1 Bed / 1 Bath, (1) Studio (Non-Conforming)
  • YEAR BUILT: 1966
  • CAP RATE: 3.19%
  • GRM: 19.30
  • BUILDING SF: 8,160
  • LAND SF: 16,789

DESCRIPTION

> Excellent Location in one of Orange County’s most desirable submarkets in the City of Yorba Linda, CA
> Garage Parking and On-Site Laundry
> Property Consists of Two Separately Parceled Fourplexes
> Great Unit Mix Consisting of (2) 1BD/1BA, (5)2BD/1BA, (1) 3BD/1.75BA, and (1) Studio
> Significant Upside in Rental Income; Estimated 22% Upside in Monthly Rental Income
> Residential Financing Available
> Close Proximity to the many of the City’s premier destinations, including the Yorba Linda Town Center (0.3 Miles), and The Richard Nixon Library (0.9 Miles)

These two four-unit properties are well located in one of North Orange County’s most desirable suburban communities in the City of Yorba Linda, CA. This investment offering includes two Covington-Style fourplexes, with garage parking and on-site laundry facilities. There is significant upside in rental income due to the excellent unit mix of (1) studio, (2) 1 Bed / 1 Bath, (5) 2 Bed / 1 Bath, and (1) 3 Bed / 1.75 Bath. The location, amenities and upside make this a perfect investment for a new owner looking to acquire a stable asset in one of North Orange County’s premier residential areas.



LISTING BROKER(s)

Pat Swanson
Executive Vice President

MOBILE: 213.864.2862
EMAIL: pat.swanson@colliers.com
DIRECT: 949.724.5564
LICENSE #: 01382974

Liam Skelly
Senior Associate

MOBILE: 949.939.7723
EMAIL: liam.skelly@colliers.com
DIRECT: 949.724.5534
LICENSE #: 02039422