Updated Mediterranean Multifamily
For Sale
$520,000
2164 Via Mariposa E, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,324 SF
Lot Size0.03 Acres
Price / SF$392.75
Days on Market13
Property Features for 2164 Via Mariposa E
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Laundry Room, Bathroom 1, Kitchen, Bedroom 1, Bathroom 2, Bedroom 2
Parking features
Carport
Spa
1
Window features
Skylight(s), Bay Window(s)
Interior features
Balcony, Built-in Features, Unfurnished, Ceiling Fan(s), Recessed Lighting, Two Story Ceilings, Granite Counters
Appliances
Electric Oven, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Gate 5 or 6 to Via Mariposa. Park on street in front of unit for easy showing. Carport 2104 space 03
Standard status
Active
Size
1,324 SF
Lot size
0.03 Acres
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Zoned
Cooling system
Zoned
Water source
Public
Amenities
plantation shutters
wood look flooring
mini split system
French doors
private front patio with pergola
remodeled kitchen
granite countertops
stainless steel appliances
recessed lighting
built in cabinetry
inside stacked washer and dryer
private covered balcony
custom built ins
updated bathrooms
golf course
tennis
pickleball
fitness centers
pools
equestrian center
community gardens
art studio
woodshop
clubs
community bus
RV storage
guard gated security
Building Details
Year built
1965
Floors in Building
2
Number of units
4
Flooring type
Laminate, Tile, Carpet
Architectural style
Mediterranean
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Claire Craig · License #01372644
(858) 204-2279
Added: Aug 8
Changed: Aug 19
Last Checked: Aug 20 at 1:06AM
MLS# OC26178752
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 1,324-square-foot Mediterranean-style multifamily property, built in 1965, features a two-story layout with two bedrooms and two bathrooms. The main level includes a living room with vaulted ceilings, a kitchen with wood cabinetry, granite counters, stainless steel appliances, and a dining area with built-in storage. A bedroom, bathroom, and interior laundry area are also located downstairs. Upstairs, the primary bedroom connects to a dressing area, bathroom, and covered balcony, while a den or loft provides built-in shelving, cabinetry, and desk space.
Outdoor features include a private front patio with a pergola and multiple additional exterior areas. The property has zoned heating and cooling through multiple mini-split systems, plantation shutters, recessed lighting, updated bathrooms, and a carport. Public water and public sewer serve the property, with cable available. It is located in Laguna Woods Village, an active senior community with age requirements for occupants and access to extensive recreational, transportation, and security amenities, including golf, pools, tennis, fitness facilities, and a community bus.
Outdoor features include a private front patio with a pergola and multiple additional exterior areas. The property has zoned heating and cooling through multiple mini-split systems, plantation shutters, recessed lighting, updated bathrooms, and a carport. Public water and public sewer serve the property, with cable available. It is located in Laguna Woods Village, an active senior community with age requirements for occupants and access to extensive recreational, transportation, and security amenities, including golf, pools, tennis, fitness facilities, and a community bus.
Key Highlights
- 1,324‑square‑foot multifamily property with a two‑story Mediterranean design
- Two bedrooms and two bathrooms, including a main‑level bedroom and bath
- Remodeled kitchen with granite counters, wood cabinetry, and stainless steel appliances
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
$25,271
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
4.86%
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%
$505,420
$505.4K
Cap Rate 7%
$361,014
$361.0K
Cap Rate 9%
$280,789
$280.8K
Market Conditions
NOI Build-Up for 1,324 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
$47.7K $36.00/SF
− Vacancy
−$1.7K −$1.30/SF
EGI
$45.9K $34.70/SF
− OpEx
−$20.7K −$15.62/SF
NOI
$25.3K $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%
$505,420
Cap Rate 7%
$361,014
Cap Rate 9%
$280,789
Alternative Uses
Best Use
Apartment 5plus
$361.0K
$315.9K – $421.2K
NOI $25,271 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$444.7K
$389.1K – $518.8K
NOI $31,129 @ 7.0% cap · market cap 5.99%
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two-story residence with remodeled interiors, private outdoor areas, and flexible upper-level living space.
Where is this multifamily property located?
The property is located at 2164 Via Mariposa E Laguna Woods, CA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 1,324‑square‑foot multifamily property with a two‑story Mediterranean design; Two bedrooms and two bathrooms, including a main‑level bedroom and bath; Remodeled kitchen with granite counters, wood cabinetry, and stainless steel appliances
