Updated Oct 12, 2026
Bert Selva Of Shea Homes Acquires 15.6 Acres In Yorba Linda From Karagines Family Trust For $31.25M
18101 Bastanchury Road & 18231 Bastanchury Road
$31,250,000
Building Size
—
Asset Type
Development Site
Closing
Oct 6, 2026
About this deal
AI
A development site located at 18101-18231 Bastanchury Road in Yorba Linda, CA has been sold for $31,250,000. The asset spans 15.6 acres and is recognized as one of the city’s last large residential development sites.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $31,250,000
- Buyer: Bert Selva - Shea Homes
- Seller: Karagines Family Trust
- Acres: 15.6
- Proposed Development: 82-home single-family subdivision
Bert Selva represented Shea Homes in this acquisition from the Karagines Family Trust. The proposed project is currently under review, and the final unit count for the subdivision has not yet been determined.
On the Map
$31,250,000
Development Site
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Players
Rudd Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93