Remodeled Quadplex
For Sale
Under Contract
$419,000
747 AVENIDA MAJORCA, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size940 SF
Lot Size0.08 Acres
Price / SF$445.74
Days on Market103
Property Features for 747 AVENIDA MAJORCA
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Laundry Room
Parking features
Carport
Spa
1
Appliances
Electric Water Heater, Refrigerator, Electric Range, Electric Oven, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
Lot features
Level
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
GATE THREE FIRST RIGHT ONTO AVENIDA MAJORCA GO STRAIGHT AND PARK AT THE END OF THE STREET FOLLOW THE PATH TO THE LEFT THEN GO RIGHT LOOK FOR SIGN
Standard status
Active Under Contract
Size
940 SF
Lot size
0.08 Acres
Taxes and HOA fees
HOA Fee
$912 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
golf courses
tennis
horse facilities
pickleball
art studio
pottery studio
landscaping
guard gated
finished front patio
ceiling fan
storage unit
skylight
Building Details
Year built
1965
Floors in Building
1
Number of units
4
Flooring type
Laminate
Listing Agency:
Augustus-McKelvey Properties
(949) 566-4191
Listed By:
Barbara McKelvey · License #00967926
(949) 566-4191
Added: May 20
Changed: Aug 26
Last Checked: Aug 30 at 6:06AM
MLS# OC26090274
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 Madrid-model property in Laguna Woods offers 940 square feet with two bedrooms, one bathroom, a laundry room, laminate flooring, and electric heating. Recent improvements include fresh paint, new flooring, a dishwasher, sink, refrigerator, bathroom, and skylight. The finished front patio has a ceiling fan, while additional storage is provided with the property and carport.
Located near Gate 3 within a guard-gated Laguna Woods community, the property is close to freeway access, shopping, and other amenities. Community features identified in the property information include three golf courses, tennis facilities, pickleball, equestrian amenities, RV parking, and art and pottery studios. Public water and sewer serve the property.
Located near Gate 3 within a guard-gated Laguna Woods community, the property is close to freeway access, shopping, and other amenities. Community features identified in the property information include three golf courses, tennis facilities, pickleball, equestrian amenities, RV parking, and art and pottery studios. Public water and sewer serve the property.
Key Highlights
- 940 square feet with two bedrooms, one bathroom, and a laundry room
- 0.0781‑acre lot in Laguna Woods, CA 92637
- Recent updates include flooring, paint, bathroom, skylight, dishwasher, sink, and refrigerator
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
$19,827
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
4.73%
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%
$396,540
$396.5K
Cap Rate 7%
$283,243
$283.2K
Cap Rate 9%
$220,300
$220.3K
Market Conditions
NOI Build-Up for 940 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
$29.3K $31.20/SF
− Vacancy
−$1.0K −$1.07/SF
EGI
$28.3K $30.13/SF
− OpEx
−$8.5K −$9.04/SF
NOI
$19.8K $21.09/SF
Area
Orange County, CA
Vacancy
3.42%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
30.00%
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%
$396,540
Cap Rate 7%
$283,243
Cap Rate 9%
$220,300
Alternative Uses
Best Use
Multifamily LT 5
$283.2K
$247.8K – $330.5K
NOI $19,827 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$256.3K
$224.3K – $299.0K
NOI $17,942 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$315.7K
$276.3K – $368.4K
NOI $22,101 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
395
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?
Quadplex - Updated Madrid-model residence with a finished patio, dedicated storage, and covered carport parking.
Where is this quadplex located?
The property is located at 747 AVENIDA MAJORCA Laguna Woods, CA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 940 square feet with two bedrooms, one bathroom, and a laundry room; 0.0781‑acre lot in Laguna Woods, CA 92637; Recent updates include flooring, paint, bathroom, skylight, dishwasher, sink, and refrigerator
