Residential Income Property
For Sale
$479,000
Pending
500 Avenida Sevilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size950 SF
Days on Market149
Property Features for 500 Avenida Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Kitchen, Laundry Room, Bedroom 2
Parking
1
Parking features
Carport, Assigned, Covered
Spa
1
Window features
Shutters, Double Pane Windows, Screens
Interior features
High Ceilings, Pantry, Recessed Lighting, Stone Counters, Granite Counters
Appliances
Electric Oven, Electric Water Heater, Electric Cooktop, Refrigerator, Disposal, Dishwasher, Microwave
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
From Avenida Sevilla, turn into CDS 8
Standard status
Pending
Size
950 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Central
Cooling system
Central Air, Heat Pump, Electric
Water source
Public
Amenities
laminate flooring
fresh paint
smooth ceilings
dual pane windows
central HVAC
washer/dryer
vaulted ceiling
atrium
private patio
storage
resurfaced cabinets
raised granite countertops
recessed lights
built-in microwave
dishwasher
tiled floors
skylight
granite-topped vanity
large walk-in shower with glass doors
Building Details
Year built
1966
Floors in Building
1
Number of units
1
Flooring type
Laminate
Architectural style
Cottage
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Mar 28
Changed: Aug 21
Last Checked: Aug 23 at 11:06AM
MLS# OC26067529
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 950-square-foot end-unit cottage at 500 Avenida Sevilla includes two bedrooms, one bathroom, a private patio, storage, and an interior atrium. The living room has vaulted ceilings, laminate flooring, dual-pane windows, and views from both windows. The enlarged kitchen features resurfaced cabinets, raised granite countertops, recessed lighting, a built-in microwave, dishwasher, and tiled floors. The bathroom includes a granite vanity, walk-in shower with glass doors, opening skylight, and a stack washer and dryer.
The residence is positioned along Serpentine Walkway in Laguna Woods, near Gates and within walking distance of Clubhouse 3. Additional features include central heating and cooling, electric appliances, public water and sewer service, and assigned covered carport parking. Built in 1966, the cottage has a northeast-facing front patio and an east-facing primary bedroom window.
The residence is positioned along Serpentine Walkway in Laguna Woods, near Gates and within walking distance of Clubhouse 3. Additional features include central heating and cooling, electric appliances, public water and sewer service, and assigned covered carport parking. Built in 1966, the cottage has a northeast-facing front patio and an east-facing primary bedroom window.
Key Highlights
- 950‑square‑foot end‑unit cottage built in 1966
- Two bedrooms and one bathroom with separated bedroom areas
- Private patio, interior atrium, and dedicated storage
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
$18,133
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
3.79%
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%
$362,660
$362.7K
Cap Rate 7%
$259,043
$259.0K
Cap Rate 9%
$201,478
$201.5K
Market Conditions
NOI Build-Up for 950 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
$34.2K $36.00/SF
− Vacancy
−$1.2K −$1.30/SF
EGI
$33.0K $34.70/SF
− OpEx
−$14.8K −$15.62/SF
NOI
$18.1K $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%
$362,660
Cap Rate 7%
$259,043
Cap Rate 9%
$201,478
Alternative Uses
Best Use
Apartment 5plus
$259.0K
$226.7K – $302.2K
NOI $18,133 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.1K
$279.2K – $372.3K
NOI $22,336 @ 7.0% cap · market cap 4.66%
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
1,449
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 - End-unit cottage with private patio, interior atrium, updated kitchen, central HVAC, and assigned covered carport parking.
Where is this residential income property located?
The property is located at 500 Avenida Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 950‑square‑foot end‑unit cottage built in 1966; Two bedrooms and one bathroom with separated bedroom areas; Private patio, interior atrium, and dedicated storage
