Coronado Model Income
For Sale
$229,000
Pending
2103 Ronda Granada, Laguna Woods, CA 92653
Laguna Woods, CA
Property Size675 SF
Lot Size0.02 Acres
Days on Market262
Property Features for 2103 Ronda Granada
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Laundry Room, Bedroom 1, Bathroom 1
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
From Gate 6, Enter on Via Puerta, Left on Via Maripos, Left on Ronda Granada
Special listing conditions
Probate Listing
Standard status
Pending
Size
675 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$1,000 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Number of units
1
Listing Agency:
Seven Gables Real Estate
(714) 731-3777
Listed By:
Marcos Vargas · License #01501377
(714) 604-5670
Added: Dec 16, 2025
Changed: Sep 3
Last Checked: Sep 4 at 7:06PM
MLS# PW25276310
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 Coronado model residential income property in Laguna Woods offers 675 square feet with a bedroom, bathroom, and laundry room. The interior centers on an open living and dining arrangement, with wood-style flooring, recessed lighting, smooth ceilings, and large windows. A private patio extends the usable living area, while street-level entry and nearby parking support daily accessibility.
Built in 1968, the property is served by public water and public sewer. It is located within the gated Laguna Woods community, where residents have access to resort-style amenities and landscaped grounds. Shopping, dining, and coastal destinations are also described as being minutes away.
Built in 1968, the property is served by public water and public sewer. It is located within the gated Laguna Woods community, where residents have access to resort-style amenities and landscaped grounds. Shopping, dining, and coastal destinations are also described as being minutes away.
Key Highlights
- 675 square feet of residential space
- 0.0155‑acre lot
- Coronado model with open living and dining areas
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
$12,884
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
5.63%
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%
$257,680
$257.7K
Cap Rate 7%
$184,057
$184.1K
Cap Rate 9%
$143,156
$143.2K
Market Conditions
NOI Build-Up for 675 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
$24.3K $36.00/SF
− Vacancy
−$875 −$1.30/SF
EGI
$23.4K $34.70/SF
− OpEx
−$10.5K −$15.62/SF
NOI
$12.9K $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%
$257,680
Cap Rate 7%
$184,057
Cap Rate 9%
$143,156
Alternative Uses
Best Use
Apartment 5plus
$184.1K
$161.1K – $214.7K
NOI $12,884 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$226.7K
$198.4K – $264.5K
NOI $15,870 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,600
Businesses Nearby
Explore this area
Business Placement
Demographics for 92653, CA
30,077
Population
11,420
Households
2.6
Avg Household Size
44
Median Age
53%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
4,359
Density / Sq Mi
$128,623
Median Household Income
$67,145
Median Earnings
$2,637
Median Rent
$978,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Open living and dining areas connect with a private patio and easy street-level access.
Where is this residential income property located?
The property is located at 2103 Ronda Granada Laguna Woods, CA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 675 square feet of residential space; 0.0155‑acre lot; Coronado model with open living and dining areas
