Updated 55+ Park
For Sale
$299,000
16951 Lake Terrace Way, Yorba Linda, CA 92886
Move-in-ready 2-bedroom, 2-bath home in a 55+ community with refreshed interior and access to community amenities.
Property Size1,080 SF
Price / SF$276.85
Days on Market49
Property Features for 16951 Lake Terrace Way
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Amenities
pool
clubhouse
library
billiards room
lake
active social calendar
Listing Agency:
eXp Realty of Southern California, Inc.
(888) 294-1415
Listed By:
Ernie Armijo
(562) 500-8514
Source:
Exprealty
Added: Jul 20
Changed: Sep 4
Last Checked: Sep 5 at 10:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of Southern California, Inc.
Investment Insights
Based on property information with market context.
This refreshed 2-bedroom, 2-bath home offers approximately 1,080 square feet of comfortable living space. The residence has been tastefully renovated throughout and is presented as move-in ready, with a modern feel intended for everyday comfort.
Set within the Lake Park Yorba Linda 55+ community, residents can access a range of amenities including a pool, clubhouse, library, billiards room, and a peaceful lake, along with an active social calendar. The property is also described as conveniently located near shopping, restaurants, parks, and major freeways.
The home’s updated interior and single-family style layout make it well suited for low-maintenance 55+ community living, with the amenities and common gathering spaces provided by the community.
Set within the Lake Park Yorba Linda 55+ community, residents can access a range of amenities including a pool, clubhouse, library, billiards room, and a peaceful lake, along with an active social calendar. The property is also described as conveniently located near shopping, restaurants, parks, and major freeways.
The home’s updated interior and single-family style layout make it well suited for low-maintenance 55+ community living, with the amenities and common gathering spaces provided by the community.
Key Highlights
- Move‑in‑ready 2‑bedroom, 2‑bath home with approximately 1,080 sq ft in Lake Park Yorba Linda (55+ community)
- Tastefully refreshed and renovated interior with a bright, open layout for relaxing or entertaining
- Lake Park community amenities include a pool and clubhouse
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,614
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,280
$412.3K
Cap Rate 7%
$294,486
$294.5K
Cap Rate 9%
$229,044
$229.0K
Market Conditions
NOI Build-Up for 1,080 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.9K $36.00/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$37.5K $34.70/SF
− OpEx
−$16.9K −$15.62/SF
NOI
$20.6K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,280
Cap Rate 7%
$294,486
Cap Rate 9%
$229,044
Alternative Uses
Best Use
Apartment 5plus
$294.5K
$257.7K – $343.6K
NOI $20,614 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.8K
$317.4K – $423.2K
NOI $25,393 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 92886, CA
50,001
Population
17,624
Households
2.8
Avg Household Size
44
Median Age
55%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,846
Density / Sq Mi
$148,170
Median Household Income
$68,905
Median Earnings
$3,001
Median Rent
$1,062,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Move-in-ready 2-bedroom, 2-bath home in a 55+ community with refreshed interior and access to community amenities.
Where is this mobile home & rv park located?
The property is located at 16951 Lake Terrace Way Yorba Linda, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Move‑in‑ready 2‑bedroom, 2‑bath home with approximately 1,080 sq ft in Lake Park Yorba Linda (55+ community); Tastefully refreshed and renovated interior with a bright, open layout for relaxing or entertaining; Lake Park community amenities include a pool and clubhouse
