Ground-Floor Residential Income
For Sale
$449,900
2089 Ronda Granada, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size953 SF
Price / SF$472.09
Days on Market141
Property Features for 2089 Ronda Granada
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Laundry Room, Utility Room, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Assigned, Carport
Spa
1
Interior features
Beamed Ceilings, Ceiling Fan(s), Storage, Stone Counters
Appliances
Electric Oven, Electric Water Heater, Free-Standing Range, Water Line to Refrigerator, Electric Range, Dishwasher, Microwave
Subdivision
Leisure World (LW)
Lot features
0-1 Unit/ Acre, Close to Clubhouse
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter Gate 6 at Ave De La Carlota
Standard status
Active
Size
953 SF
Taxes and HOA fees
HOA Fee
$1,033 Monthly
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
Central heat and air
inside full size washer and dryer
carport
private patio
7 Unique Club Houses
5 Pools
27 hole Championship Golf Course
9 hole executive par 3 golf course
2 State of the art fitness centers
Pickle Ball Court
Bridge
Art Studio
over 200 Social Clubs
Building Details
Year built
1968
Floors in Building
1
Number of units
1
Flooring type
Tile, Laminate
Building materials
Stucco
Roof type
Tile
Additional Structures
Storage
Listing Agency:
Nova Real Estate Services
Listed By:
Harry Solomon · License #00818257
(949) 273-8555
Added: Apr 17
Changed: Sep 2
Last Checked: Sep 4 at 3:06AM
MLS# OC26084117
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, ground-floor end unit offers a two-bedroom, two-bath layout with no steps and no residence above or below. The interior features an open living area with vaulted smooth ceilings, laminate and tile flooring, central heat and air, and windows overlooking the front patio and landscaped greenbelt. The remodeled kitchen includes granite countertops, backsplash, stainless steel appliances, under-cabinet lighting, recessed lighting, and a French-door refrigerator. Both bathrooms feature custom tile details, including a stone-design walk-in shower in the primary bath and towel warmers. A full-size washer and dryer are located inside the unit.
Outdoor features include a private gated front patio with storage and views toward a shared rear courtyard. Assigned carport parking is located close to the residence. The property is within Laguna Woods Village, a 55+ community offering 7 clubhouses, 5 pools, a 27-hole championship golf course, a 9-hole executive par-3 course, 2 fitness centers, pickleball, an art studio, bridge, and more than 200 social clubs.
Outdoor features include a private gated front patio with storage and views toward a shared rear courtyard. Assigned carport parking is located close to the residence. The property is within Laguna Woods Village, a 55+ community offering 7 clubhouses, 5 pools, a 27-hole championship golf course, a 9-hole executive par-3 course, 2 fitness centers, pickleball, an art studio, bridge, and more than 200 social clubs.
Key Highlights
- 953 square feet with 2 bedrooms and 2 bathrooms
- Ground‑floor end unit with no steps and no residence above or below
- Remodeled kitchen with granite counters, stainless steel appliances, and under‑cabinet lighting
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
4.04%
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 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.1K
$280.1K – $373.5K
NOI $22,407 @ 7.0% cap · market cap 4.98%
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
2,600
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 - Remodeled end-unit residence with private patio, central air, in-unit laundry, and access to Laguna Woods Village amenities.
Where is this residential income property located?
The property is located at 2089 Ronda Granada Laguna Woods, CA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 953 square feet with 2 bedrooms and 2 bathrooms; Ground‑floor end unit with no steps and no residence above or below; Remodeled kitchen with granite counters, stainless steel appliances, and under‑cabinet lighting
