End-Unit Residential Income
For Sale
$410,000
2024 Via Mariposa E, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size953 SF
Price / SF$430.22
Days on Market123
Property Features for 2024 Via Mariposa E
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Laundry Room, Bedroom 1, Family Room, Bathroom 2, Bedroom 2, Bathroom 1
Parking
1
Parking features
Covered, Carport, Assigned
Spa
1
Window features
Screens, Double Pane Windows, Plantation Shutters
Patio and Porch features
Patio
Interior features
High Ceilings, Open Floorplan, Granite Counters
Exterior features
Lighting
Appliances
Water Heater, Disposal, Refrigerator, Electric Range, Dishwasher
Subdivision
Leisure World (LW)
Lot features
Patio Home
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Gate 5, turn right on Via Mariposa East, turn right into cul-de-sac 205, follow left to building 2024
Standard status
Active
Size
953 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning
heating
dual pane windows
plantation shutters
in-unit laundry closet
enclosed patio
golf
fitness facilities
clubhouses
pools
social activities
transportation
gated community
Building Details
Year built
1968
Floors in Building
1
Number of units
1
Flooring type
Laminate, Tile
Building materials
Stucco, Drywall Walls
Roof type
Tile
Architectural style
Cottage
Listing Agency:
First Team Real Estate
(949) 759-5747
Listed By:
Julie Brim · License #01909110
(949) 413-1086
Added: May 4
Changed: Sep 3
Last Checked: Sep 3 at 7:06AM
MLS# OC26117975
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 953-square-foot single-story end unit was built in 1968 and features an open floor plan with vaulted ceilings, laminate and tile flooring, granite kitchen counters, and white cabinetry. The residence includes two bedrooms, two bathrooms, a family room, and an in-unit laundry closet with a dryer. Central air conditioning and heating, dual-pane windows, plantation shutters, and public water and sewer add to the practical configuration. An enclosed patio with storage extends the living area, while a rear door opens toward a landscaped common courtyard. The home is positioned near its assigned covered carport and away from traffic areas.
The property is located in Laguna Woods, a gated 55+ community with golf, fitness facilities, clubhouses, pools, social activities, and community transportation. Shopping, dining, medical services, and the Laguna Beach coastline are described as nearby. Additional property features include a tile roof, stucco and drywall construction, public utilities, and a cottage architectural style.
The property is located in Laguna Woods, a gated 55+ community with golf, fitness facilities, clubhouses, pools, social activities, and community transportation. Shopping, dining, medical services, and the Laguna Beach coastline are described as nearby. Additional property features include a tile roof, stucco and drywall construction, public utilities, and a cottage architectural style.
Key Highlights
- 953 square feet with a single‑story end‑unit layout
- Two bedrooms, two bathrooms, family room, and in‑unit laundry closet
- Granite kitchen counters, vaulted ceilings, laminate and tile flooring
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
$18,190
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
4.44%
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%
$363,800
$363.8K
Cap Rate 7%
$259,857
$259.9K
Cap Rate 9%
$202,111
$202.1K
Market Conditions
NOI Build-Up for 953 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
$34.3K $36.00/SF
− Vacancy
−$1.2K −$1.30/SF
EGI
$33.1K $34.70/SF
− OpEx
−$14.9K −$15.62/SF
NOI
$18.2K $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%
$363,800
Cap Rate 7%
$259,857
Cap Rate 9%
$202,111
Alternative Uses
Best Use
Apartment 5plus
$259.9K
$227.4K – $303.2K
NOI $18,190 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.1K
$280.1K – $373.5K
NOI $22,407 @ 7.0% cap · market cap 5.47%
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
2,399
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 - Single-story end unit with an open layout, enclosed patio, central air, and assigned covered parking.
Where is this residential income property located?
The property is located at 2024 Via Mariposa E Laguna Woods, CA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 953 square feet with a single‑story end‑unit layout; Two bedrooms, two bathrooms, family room, and in‑unit laundry closet; Granite kitchen counters, vaulted ceilings, laminate and tile flooring
