Remodeled Senior Housing
For Sale
$347,000
2186 Via Mariposa E, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,057 SF
Lot Size0.03 Acres
Price / SF$328.29
Days on Market53
Property Features for 2186 Via Mariposa E
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Laundry Room, Family Room, Bedroom 2, Bathroom 1, Bedroom 1
Parking
1
Parking features
Guest, Carport, Assigned
Spa
1
Window features
Double Pane Windows
Patio and Porch features
Deck
Pool private
1
Interior features
Crown Molding, Corian Counters, Unfurnished, Living Room Balcony, Ceiling Fan(s), Storage, Granite Counters
Fireplace
1
Appliances
Water Heater, Disposal, Microwave, Refrigerator, Electric Oven, Dishwasher, Electric Cooktop
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 El Toro Rd W, Avenida Sevilla (R), Via Mariposa (R), Left & Right to unit
Standard status
Active
Size
1,057 SF
Lot size
0.03 Acres
Taxes and HOA fees
HOA Fee
$838 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Radiant
Cooling system
Heat Pump
Water source
Public
Amenities
ceiling fans
washer/dryer
crown moldings
enclosed deck
double pane windows
large wraparound balcony
end unit
living room TV monitor
27 holes of golf
walking 9 hole course
tennis
pickle ball
pools
2 fitness centers
bridge card room
7 club houses
community service building
City Hall
computer rooms
over 200 clubs
free bus transportation
Building Details
Year built
1969
Floors in Building
1
Number of units
1
Flooring type
Carpet, Tile
Additional Structures
Storage
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Jon Wallin · License #00798688
(949) 294-9442
Added: Jul 6
Changed: Aug 25
Last Checked: Aug 27 at 3:06PM
MLS# OC26146042
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 senior housing residence offers two bedrooms and two bathrooms in an end-unit configuration. The home includes a remodeled interior with new paint, crown molding, ceiling fans, tile and carpet flooring, Corian and granite counters, a living room TV monitor, and a washer and dryer. An enclosed deck and large wraparound balcony extend the living space, while double-pane windows add to the interior features. The residence was built in 1969 and includes assigned carport parking, guest parking, public water, and public sewer.
Located in Laguna Woods Village, the property provides access to golf, tennis, pickleball, pools, fitness centers, clubhouses, community rooms, and free bus transportation. Water, trash, basic cable, landscaping, and exterior building maintenance are included. The community is near shopping, restaurants, freeways, toll roads, Laguna Beach, and medical facilities.
Located in Laguna Woods Village, the property provides access to golf, tennis, pickleball, pools, fitness centers, clubhouses, community rooms, and free bus transportation. Water, trash, basic cable, landscaping, and exterior building maintenance are included. The community is near shopping, restaurants, freeways, toll roads, Laguna Beach, and medical facilities.
Key Highlights
- 1,057 square feet with 2 bedrooms and 2 bathrooms
- End‑unit layout with an enclosed deck and large wraparound balcony
- Remodeled interior with new paint, crown molding, ceiling fans, and double‑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
5.81%
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 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.0K
$310.7K – $414.2K
NOI $24,852 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,250
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Heidi Henri, Cota — 24552 Paseo De Valencia, Laguna Hills, CA 92653
- Healthy Aging Center: Laguna Woods — 24260 El Toro Rd, Laguna Woods, CA 92637
- Adult Day Care Center: Your Home Care — 24191 Paseo De Valencia Suite B1, Laguna Woods, CA 92637
- Verona Court — 24012 Calle De La Plata STE 400, Laguna Hills, CA 92653
- Natural Health — 23521 Paseo De Valencia #306, Laguna Hills, CA 92653
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - End-unit two-bedroom residence with an enclosed deck, updated finishes, and access to extensive community recreation.
Where is this senior housing / retirement home located?
The property is located at 2186 Via Mariposa E Laguna Woods, CA.
What is the asking price?
The asking price for this property is $347,000.
What are key features of this property?
This property features: 1,057 square feet with 2 bedrooms and 2 bathrooms; End‑unit layout with an enclosed deck and large wraparound balcony; Remodeled interior with new paint, crown molding, ceiling fans, and double‑pane windows
