Upper-Level Residential Income
For Sale
Under Contract
$299,000
2184 Via Mariposa E, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,057 SF
Price / SF$282.88
Days on Market28
Property Features for 2184 Via Mariposa E
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Laundry Room, Bathroom 2, Bedroom 2, Kitchen
Parking
1
Parking features
Carport, Guest, Assigned, Covered
Spa
1
Window features
Double Pane Windows, Screens
Interior features
Balcony, Laminate Counters, Living Room Balcony, Formica Counters
Appliances
Disposal, Electric Water Heater, Refrigerator, Range Hood, Electric Oven, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
From Via Mariposa or Via Puerta, turn into CDS 206 (from Via Mariposa) or CDS 217 (from Via Puerta) and follow the signs
Standard status
Active Under Contract
Size
1,057 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Radiant
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
balcony
washer/dryer
wall air conditioners
clubhouse
pool
spa
golf course
tennis court
pickleball court
fitness center
equestrian center
community transportation
RV parking
gardening center
performing arts venue
Building Details
Year built
1968
Floors in Building
1
Number of units
1
Flooring type
Tile, Vinyl
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Jul 27
Changed: Aug 21
Last Checked: Aug 23 at 5:06PM
MLS# OC26165752
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 1,057-square-foot upper Castilla co-op, built in 1968, offers two bedrooms and two bathrooms in a layout that separates the living spaces from the sleeping areas. The interior includes newly installed vinyl plank flooring, dual-pane windows, a windowed kitchen, and adjacent living and dining areas with two large windows and a slider opening to the balcony. A stacked washer and dryer are located in the primary suite, which also features a remodeled walk-in shower with a multifunction shower panel and glass enclosure. Both bedrooms have wall air-conditioning units, while radiant heating serves the home. The property includes an assigned covered carport, guest parking, public water and sewer, and electricity availability.
The residence is near Clubhouse 4, Laguna Woods Village’s creative arts center. Community amenities include two championship golf courses, a 9-hole executive course, five swimming pools and spas, seven clubhouses, tennis and pickleball courts, three fitness centers, an equestrian center, community transportation, RV parking, gardening centers, performing arts venues, and more than 250 clubs.
The residence is near Clubhouse 4, Laguna Woods Village’s creative arts center. Community amenities include two championship golf courses, a 9-hole executive course, five swimming pools and spas, seven clubhouses, tennis and pickleball courts, three fitness centers, an equestrian center, community transportation, RV parking, gardening centers, performing arts venues, and more than 250 clubs.
Key Highlights
- 1,057‑square‑foot upper Castilla co‑op with 2 bedrooms and 2 bathrooms
- Balcony with eastern outlook; bedroom windows face west
- Newly installed vinyl plank flooring and dual‑pane windows
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
$20,175
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
6.75%
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%
$403,500
$403.5K
Cap Rate 7%
$288,214
$288.2K
Cap Rate 9%
$224,167
$224.2K
Market Conditions
NOI Build-Up for 1,057 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
$38.1K $36.00/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$36.7K $34.70/SF
− OpEx
−$16.5K −$15.62/SF
NOI
$20.2K $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%
$403,500
Cap Rate 7%
$288,214
Cap Rate 9%
$224,167
Alternative Uses
Best Use
Apartment 5plus
$288.2K
$252.2K – $336.3K
NOI $20,175 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.0K
$310.7K – $414.2K
NOI $24,852 @ 7.0% cap · market cap 8.31%
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
2,250
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 - Two-bedroom, two-bath co-op with a balcony, covered carport, updated flooring, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 2184 Via Mariposa E Laguna Woods, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,057‑square‑foot upper Castilla co‑op with 2 bedrooms and 2 bathrooms; Balcony with eastern outlook; bedroom windows face west; Newly installed vinyl plank flooring and dual‑pane windows
