Single-Level Residential Income
For Sale
$439,000
Pending
201 Avenida Majorca, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size998 SF
Lot Size0.02 Acres
Days on Market95
Property Features for 201 Avenida Majorca
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Laundry Room, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Assigned
Spa
1
Interior features
Granite Counters
Appliances
Disposal, Electric Oven, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
Lot features
Corner Lot
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Paseo De Valencia to Via Estrada and then left on Avenida Majorca. Right at the first street. On the righat the end of the walk.
Special listing conditions
Probate Listing
Standard status
Pending
Size
998 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$762 Monthly
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Number of units
8
Flooring type
Tile, Laminate
Roof type
Composition, Shingle
Architectural style
Cottage
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Bonnie Fullerton · License #01442529
(949) 294-9702
Added: Jun 1
Changed: Sep 2
Last Checked: Sep 3 at 5:06PM
MLS# OC26118009
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 998-square-foot, single-level end unit features a bright interior with laminate and tile flooring, dual-pane windows, plantation shutters, and an indoor atrium. The kitchen includes granite counters, light wood cabinetry, an electric cooktop, electric oven, dishwasher, and disposal. Two bathrooms have been updated, and a stacked laundry unit is located in a dedicated hallway cabinet. French doors connect the primary bedroom to a private front patio, while the step-free layout supports easy movement throughout the residence.
The property is located in Laguna Woods Village, a 55+ community, at 201 Avenida Majorca in Laguna Woods, California. Assigned parking, public water, cable availability, heat-pump cooling, and electric heat are included among the property features. Built in 1964, the cottage-style residence also includes a spa.
The property is located in Laguna Woods Village, a 55+ community, at 201 Avenida Majorca in Laguna Woods, California. Assigned parking, public water, cable availability, heat-pump cooling, and electric heat are included among the property features. Built in 1964, the cottage-style residence also includes a spa.
Key Highlights
- 998 square feet of single‑level living space
- End‑unit layout with an additional living room window and dual‑pane glass
- Updated kitchen with granite counters and light wood cabinetry
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
$19,049
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
4.34%
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%
$380,980
$381.0K
Cap Rate 7%
$272,129
$272.1K
Cap Rate 9%
$211,656
$211.7K
Market Conditions
NOI Build-Up for 998 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
$35.9K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$34.6K $34.70/SF
− OpEx
−$15.6K −$15.62/SF
NOI
$19.0K $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%
$380,980
Cap Rate 7%
$272,129
Cap Rate 9%
$211,656
Alternative Uses
Best Use
Apartment 5plus
$272.1K
$238.1K – $317.5K
NOI $19,049 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.2K
$293.3K – $391.1K
NOI $23,465 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,104
Businesses Nearby
Explore this area
Business Placement
Demographics for 92637, CA
17,644
Population
13,494
Households
1.3
Avg Household Size
75
Median Age
52%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
5,881
Density / Sq Mi
$60,235
Median Household Income
$40,375
Median Earnings
$2,232
Median Rent
$364,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - End-unit residence with updated kitchen, two bathrooms, private patio, and step-free access in a 55+ community.
Where is this residential income property located?
The property is located at 201 Avenida Majorca Laguna Woods, CA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 998 square feet of single‑level living space; End‑unit layout with an additional living room window and dual‑pane glass; Updated kitchen with granite counters and light wood cabinetry
