Remodeled End-Unit Residential Income
For Sale
$600,000
Pending
2016 Via Mariposa W, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,010 SF
Days on Market88
Property Features for 2016 Via Mariposa W
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Laundry Room, Bedroom 2, Bathroom 2, Bedroom 1, Great Room
Parking
1
Parking features
Carport, Guest, Covered
Spa
1
Window features
Low Emissivity Windows, Double Pane Windows, ENERGY STAR Qualified WIndows, Skylight(s), Blinds, Screens
Patio and Porch features
Porch, Patio
Interior features
Balcony, Quartz Counters, Built-in Features, Living Room Balcony, Pantry, Recessed Lighting, Open Floorplan, Storage
Exterior features
Lighting
Fireplace
1
Appliances
ENERGY STAR Qualified Appliances, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Electric Range, Water Line to Refrigerator, Dishwasher
Subdivision
Leisure World (LW)
Lot features
Cul-De-Sac, Level with Street, Level, Greenbelt
View
Park
Directions
Gate 5 Avenida Sevilla to first Left on Via Mariposa W. then furst left on culdesac 204 then first right at carports & park in the last Carport on the left 2010 space 12
Standard status
Pending
Size
1,010 SF
Taxes and HOA fees
HOA Fee
$875 Monthly
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air, Fireplace(s), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
walking and cart paths
golf course
Club 19
Clubhouse 4
shopping & restaurants
golf
tennis & pickleball courts
swimming pools
fitness centers
clubhouses
equestrian center
gardening plots
performing arts center
library
arts & crafts facilities
clubs & organizations
walking trails
inside laundry
private enclosed patio
electric fireplace
skylights & solatube
community bus service
Building Details
Year built
1968
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Roof type
Tile, Flat
Architectural style
Modern
Additional Structures
Storage
Listing Agency:
Regency Real Estate Brokers
(949) 707-4400
Listed By:
John Sturdevant · License #01193545
(949) 584-5619
Added: Jun 4
Changed: Aug 24
Last Checked: Aug 30 at 5:06PM
MLS# OC26122289
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 one-story end unit offers 1,010 square feet with no stairs and no unit above. The remodeled interior centers on an open living and dining area, a white oak kitchen with quartz surfaces, soft-close cabinetry, pantry storage, breakfast-bar island, and LG stainless steel appliances. Two bedrooms include mirrored wardrobe doors and LED lighting, while the primary suite has a remodeled bath with dual sinks and a walk-in shower with bench seating. A second updated bathroom includes an oversized tub. Additional features include smooth drywall, dual-pane windows, skylights, recessed lighting, central heating and air conditioning, inside laundry with a full-size washer and dryer, and an enclosed patio with windows and a slider.
The home overlooks a greenbelt with walking and cart paths along the golf course. Community amenities include 27 holes of golf, a 9-hole executive course, tennis and pickleball courts, five swimming pools, fitness centers, seven clubhouses, an equestrian center, gardening plots, a performing arts center, a library, arts and crafts facilities, walking trails, and more than 200 clubs and organizations. HOA services include water, sewer, trash, TV, internet, building maintenance and insurance, landscaping, and community bus service.
The home overlooks a greenbelt with walking and cart paths along the golf course. Community amenities include 27 holes of golf, a 9-hole executive course, tennis and pickleball courts, five swimming pools, fitness centers, seven clubhouses, an equestrian center, gardening plots, a performing arts center, a library, arts and crafts facilities, walking trails, and more than 200 clubs and organizations. HOA services include water, sewer, trash, TV, internet, building maintenance and insurance, landscaping, and community bus service.
Key Highlights
- 1,010‑square‑foot one‑story end unit with no stairs and no unit above
- Remodeled white oak kitchen with quartz counters, island, pantry, and LG stainless steel appliances
- Two bedrooms and two updated bathrooms, including a primary walk‑in shower with bench seating
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
$19,278
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
3.21%
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%
$385,560
$385.6K
Cap Rate 7%
$275,400
$275.4K
Cap Rate 9%
$214,200
$214.2K
Market Conditions
NOI Build-Up for 1,010 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
$36.4K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$35.1K $34.70/SF
− OpEx
−$15.8K −$15.62/SF
NOI
$19.3K $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%
$385,560
Cap Rate 7%
$275,400
Cap Rate 9%
$214,200
Alternative Uses
Best Use
Apartment 5plus
$275.4K
$241.0K – $321.3K
NOI $19,278 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.2K
$296.8K – $395.8K
NOI $23,747 @ 7.0% cap · market cap 3.96%
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
1,721
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 - One-level home with an open layout, private enclosed patio, and extensive kitchen and bath improvements.
Where is this residential income property located?
The property is located at 2016 Via Mariposa W Laguna Woods, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,010‑square‑foot one‑story end unit with no stairs and no unit above; Remodeled white oak kitchen with quartz counters, island, pantry, and LG stainless steel appliances; Two bedrooms and two updated bathrooms, including a primary walk‑in shower with bench seating
