Remodeled End-Unit Cottage
For Sale
Under Contract
$468,000
449 Avenida Sevilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,050 SF
Price / SF$445.71
Days on Market48
Property Features for 449 Avenida Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Kitchen, Bathroom 2, Bathroom 1, Bedroom 1, Laundry Room
Parking
1
Parking features
Covered, Carport, Assigned
Spa
1
Window features
Double Pane Windows, Shutters, Plantation Shutters, Screens
Patio and Porch features
Patio
Interior features
Built-in Features, Cathedral Ceiling(s)
Appliances
Disposal, Electric Water Heater, Refrigerator, Electric Range, 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 Ave Sevilla, turn into CDS 6, Carport is to the left at the end - 340-2, there will be a sign once it arrives. Carport is much closer than the guest parking
Standard status
Active Under Contract
Size
1,050 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Heat Pump (Heating), Electric (Heating), Zoned
Cooling system
Zoned, Electric, Heat Pump, Ductless
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Laminate, Carpet
Architectural style
Cottage
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Jul 7
Changed: Aug 20
Last Checked: Aug 23 at 3:06PM
MLS# OC26149504
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 beautifully remodeled end-unit “Granada” cottage is configured for comfortable single-level living. The interior updates include fresh paint, smooth ceilings, dual-pane windows with plantation shutters, and upgraded baseboards. Heating and cooling are handled by energy-efficient two-zone mini-split systems, with one system supporting the living room and the primary suite also having its own dedicated mini-split.
The home features an enclosed atrium with soaring ceilings and two operable skylights, creating a flexible bonus space. A guest bedroom includes a convenient Murphy bed, and an added second bathroom supports day-to-day convenience. Laundry is provided by an in-home stackable washer/dryer in the hallway closet.
Outside, the property offers drought-tolerant landscaping and a spacious front patio shaded by an open-slat aluminum patio cover. The HOA maintains many original kitchen components, which may reduce certain maintenance responsibilities. Located within Laguna Woods Village, residents have access to community amenities including multiple golf courses, swimming pools and spas, clubhouses, tennis and pickleball courts, fitness centers, and more than 250 clubs and organizations.
The home features an enclosed atrium with soaring ceilings and two operable skylights, creating a flexible bonus space. A guest bedroom includes a convenient Murphy bed, and an added second bathroom supports day-to-day convenience. Laundry is provided by an in-home stackable washer/dryer in the hallway closet.
Outside, the property offers drought-tolerant landscaping and a spacious front patio shaded by an open-slat aluminum patio cover. The HOA maintains many original kitchen components, which may reduce certain maintenance responsibilities. Located within Laguna Woods Village, residents have access to community amenities including multiple golf courses, swimming pools and spas, clubhouses, tennis and pickleball courts, fitness centers, and more than 250 clubs and organizations.
Key Highlights
- End‑unit Granada cottage with single‑level layout, built in 1965, in Laguna Woods Village
- Two‑zone mini‑split heating and air conditioning plus zoned systems for year‑round climate control
- Enclosed atrium with soaring ceilings and two operable skylights, plus access from dining and living 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
$20,042
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
4.28%
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%
$400,840
$400.8K
Cap Rate 7%
$286,314
$286.3K
Cap Rate 9%
$222,689
$222.7K
Market Conditions
NOI Build-Up for 1,050 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
$37.8K $36.00/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$36.4K $34.70/SF
− OpEx
−$16.4K −$15.62/SF
NOI
$20.0K $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%
$400,840
Cap Rate 7%
$286,314
Cap Rate 9%
$222,689
Alternative Uses
Best Use
Apartment 5plus
$286.3K
$250.5K – $334.0K
NOI $20,042 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.7K
$308.6K – $411.5K
NOI $24,687 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
566
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?
Single family property - Remodeled single-level end-unit cottage with dual-pane windows, enclosed atrium, and two mini-split systems for year-round comfort.
Where is this single family property located?
The property is located at 449 Avenida Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $468,000.
What are key features of this property?
This property features: End‑unit Granada cottage with single‑level layout, built in 1965, in Laguna Woods Village; Two‑zone mini‑split heating and air conditioning plus zoned systems for year‑round climate control; Enclosed atrium with soaring ceilings and two operable skylights, plus access from dining and living areas
