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    Multifamily Residential Income Property Title is generated by Realmo AI

    185 Avenida Majorca, Laguna Woods, CA 92637

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    For Sale
    $205,900

    MULTI_FAMILY - Laguna Woods, CA

    Property size:
    770 SF
    Price / SF:
    $267/SF
    Added:
    Jun 19, 2026
    Days on Market:
    14
    Last Refresh:
    Jul 2 at 7:06 am

    Property Features for 185 Avenida Majorca

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    1
    Bathrooms
    1
    Rooms
    Bedroom 1, Kitchen, Laundry Room, Bathroom 1
    Parking
    1
    Parking features
    Carport
    Spa
    1
    Interior features
    Balcony
    Appliances
    Disposal, Electric Water Heater, Refrigerator, Electric Oven, Dishwasher, Electric Cooktop
    Standard status
    Active
    Size
    770 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    8
    Flooring type
    Laminate

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    Contact an agent
    Paul Santoro
    Paul Santoro

    Listing agent Paul Santoro License #01463389

    Listing office PREA Realty, Inc. 5353 Algarrobo Unit P, Laguna Woods, CA

    Listing date Jun 19, 2026

    MLS# OC26135104

    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.

    HighLights

    • 1965‑built home with heat pump heating and heat pump cooling
    • Carport parking
    • Spa available (SpaYN: true)
    • Balcony
    • Kitchen includes refrigerator, electric oven, electric cooktop, dishwasher, and disposal
    • Public water and public sewer

    Overview

    This listing is for a multifamily residential income property in Laguna Woods, California. The property is presented as an apartment building offering residential rental ownership, with a stated total size of 770 square feet.

    The asset is located at 185 Avenida Majorca in Laguna Woods, within Orange County. The offering is structured as a for-sale transaction.

    This property may be of interest to buyers seeking a residential income asset in Laguna Woods with a compact, manageable size. Because the listing information provided does not detail unit count, layouts, or recent improvements, prospective buyers are encouraged to review the available offering materials and confirm the configuration and condition during their due diligence.

    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 $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 (±1% cap)
    NOI $14,697 @ 7.0% cap · market cap 7.14%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $258.6K
    $226.3K – $301.7K (±1% cap)
    NOI $18,104 @ 7.0% cap · market cap 8.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laguna Woods
    County
    Orange
    State
    California
    Longitude
    -117.705795
    Latitude
    33.602653

    FAQs

    What type of property is this?
    Apartment building - For sale multifamily income property in Laguna Woods, California, offering residential rental ownership in a compact footprint.
    Where is this apartment building located?
    The property is located at 185 Avenida Majorca Laguna Woods, CA.
    What is the asking price?
    The asking price for this property is $205,900.
    What are key features of this property?
    This property features: 1965‑built home with heat pump heating and heat pump cooling; Carport parking; Spa available (SpaYN: true)
    More about this property
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