Ground-Level Senior
185 Avenida Majorca Laguna Woods, CA 92637
For Sale
$235,000
MULTI_FAMILY - Other - Laguna Woods, CA
Property Size770 SF
Price / SF$305.19
Days on Market8
Property Features for 185 Avenida Majorca
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Kitchen, Laundry Room
Parking
1
Parking features
Carport
Spa
1
Window features
Screens, Blinds
Patio and Porch features
Porch
Appliances
Water Heater, Disposal, Microwave, Refrigerator, Range Hood, Electric Range, Electric Oven
Standard status
Active
APN
11111111
Size
770 SF
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Radiant
Cooling system
Window Unit(s), Wall/Window Unit(s), Electric
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Building materials
Block
Architectural style
Other
Listing Agency:
HomeSmart, Evergreen Realty
(949) 753-7888
Listed By:
Paris Bolandian · License #01319795
(949) 371-3771
Added: Jul 20
Changed: Jul 27
Last Checked: Jul 27 at 5:06PM
MLS# OC26159145
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ground-level end unit Cadiz model is designed for comfortable, no-stairs living within an active senior community. The home includes newly updated laminate flooring and newly designed paint, along with a patio for outdoor enjoyment.
Set in a quiet area and surrounded by greenbelt views, the property is also near Aliso Creek. Residents have access to a wide range of community amenities, including clubs and organizations, golf facilities, tennis and paddle tennis, equestrian facilities and riding trails, multiple clubhouses, pools and spas, and fitness options. The community also offers restaurant and bar services and a free bus system for travel within the community and to local shopping and medical offices.
Conveniently located in Laguna Woods, the remarks note proximity to Laguna Beach and John Wayne Airport.
Set in a quiet area and surrounded by greenbelt views, the property is also near Aliso Creek. Residents have access to a wide range of community amenities, including clubs and organizations, golf facilities, tennis and paddle tennis, equestrian facilities and riding trails, multiple clubhouses, pools and spas, and fitness options. The community also offers restaurant and bar services and a free bus system for travel within the community and to local shopping and medical offices.
Conveniently located in Laguna Woods, the remarks note proximity to Laguna Beach and John Wayne Airport.
Key Highlights
- End unit ground level Cadiz model built in 1965 with no stairs
- New laminate flooring and new designer paint
- Includes a patio and porch for outdoor time
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 | $27.7k | $36.00 |
| − Vacancy | −$998 | −$1.30 |
| EGI | $26.7k | $34.70 |
| − OpEx | −$12.0k | −$15.62 |
| NOI | $14.7k | $19.09 |
770 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$210.0K
$183.7K – $245.0K
NOI $14,697 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.6K
$226.3K – $301.7K
NOI $18,104 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Rainbow Cottage — 24861 Georgia Sue, Laguna Hills, CA 92653
- New Home Senior Care — 25032 Woolwich St, Laguna Hills, CA 92653
- Susan E. Nelson, OT — 24881 Alicia Pkwy, Laguna Hills, CA 92653
- Heidi Henri, Cota — 24552 Paseo De Valencia, Laguna Hills, CA 92653
- Scott Costello — 24422 Avenida De La Carlota # 320, Laguna Hills, CA 92653
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - End unit, ground level senior home featuring no stairs, new laminate flooring, new paint, and a patio.
Where is this senior housing / retirement home located?
The property is located at 185 Avenida Majorca Laguna Woods, CA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: End unit ground level Cadiz model built in 1965 with no stairs; New laminate flooring and new designer paint; Includes a patio and porch for outdoor time
