Updated 55+ Park
16951 Lake Terrace Way Yorba Linda, CA 92886
16951 Lake Terrace Way, Yorba Linda, CA, 92886
$309,999
For Sale
$309,999
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$287.04
Days on Market13
Property Features for 16951 Lake Terrace Way
General Information
- Standard status
- Active
- Size
- 1,080 SF
- Property subtype
- Manufactured In Park
Listing agency
Real Broker
(562) 500-8514
Listed by
Ernie Armijo
(562) 500-8514
Source
Exprealty
Added: Jul 10 Updated: Jul 21 at 6:21PM Checked: Jul 21 at 6:21PM
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 Real Broker
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $36.00 |
| − Vacancy | −$1.4k | −$1.30 |
| EGI | $37.5k | $34.70 |
| − OpEx | −$16.9k | −$15.62 |
| NOI | $20.6k | $19.09 |
1,080 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$294.5K
$257.7K – $343.6K
NOI $20,614 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.8K
$317.4K – $423.2K
NOI $25,393 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
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 $309,999.
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
