Single-Story Two-Bedroom Residential
For Sale
$289,500
8 Via Castilla, Laguna Woods, CA 92637
MULTI_FAMILY - Other - Laguna Woods, CA
Property Size1,040 SF
Price / SF$278.37
Days on Market8
Property Features for 8 Via Castilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Kitchen, Laundry Room
Parking
2
Parking features
Covered, Carport, Assigned
Spa
1
Window features
Double Pane Windows, Blinds
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Pantry, Recessed Lighting, Open Floorplan, Formica Counters
Appliances
Water Heater, Disposal, Built-In Range, Refrigerator, Electric Range, Electric Oven, Dishwasher
Subdivision
Leisure World (LW)
Directions
S/ El Toro and W/ Paseo De Valencia
Standard status
Active
Size
1,040 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Cooling system
Heat Pump
Water source
Public
Amenities
golf course
pool
picnic area
tennis courts
paddle tennis
bocce ball
sport court
hiking trails
gym/exercise room
clubhouse
billiard room
card room
banquet facilities
recreation room
meeting room
community laundry
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Vinyl, Carpet
Architectural style
Other
Listing Agency:
ReMax Tiffany Real Estate · RE/MAX International
(714) 763-2100
Listed By:
Yang Kim · License #01087301
(714) 473-0777
Added: Jul 25
Changed: Jul 31
Last Checked: Aug 1 at 3:06PM
MLS# PW26161103
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.
Single-story, lower “Majorca” model residential unit featuring two bedrooms and two full bathrooms with no steps. The interior includes fresh two-tone paint, a spacious living room with expansive multi-panel windows and sliding glass doors, a dining area, and ceiling fans throughout. The bright kitchen includes Formica counters and a pantry. The primary bedroom offers an ensuite full bath, with a second bedroom served by the second full bath. Interior updates also include newer dual pane windows and sliding doors. Additional conveniences include recessed lighting, radiant heating, heat pump cooling, and a patio for outdoor relaxation. The unit has a covered private patio and access to a laundry room.
Located at 8 Via Castilla in Laguna Woods, the community provides amenities and activities for an active lifestyle, including a golf course, pool, tennis courts, paddle tennis, bocce ball, sport court, hiking trails, gym/exercise room, clubhouse, billiard room, card room, banquet facilities, recreation room, and meeting room. The unit is just steps away from community laundry and a covered carport (#40-2) with storage cabinets.
Built in 1965, the unit is connected to public water and public sewer and includes assigned parking. The home measures 1,040 square feet.
Located at 8 Via Castilla in Laguna Woods, the community provides amenities and activities for an active lifestyle, including a golf course, pool, tennis courts, paddle tennis, bocce ball, sport court, hiking trails, gym/exercise room, clubhouse, billiard room, card room, banquet facilities, recreation room, and meeting room. The unit is just steps away from community laundry and a covered carport (#40-2) with storage cabinets.
Built in 1965, the unit is connected to public water and public sewer and includes assigned parking. The home measures 1,040 square feet.
Key Highlights
- Lower “Majorca” model with no steps, two bedrooms and two full baths
- 1,040 square feet; built in 1965
- Fresh two‑tone interior paint; newer dual pane windows and sliding doors
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $36.00 |
| − Vacancy | −$1.3k | −$1.30 |
| EGI | $36.1k | $34.70 |
| − OpEx | −$16.2k | −$15.62 |
| NOI | $19.9k | $19.09 |
1,040 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$283.6K
$248.1K – $330.9K
NOI $19,851 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 8.45%
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
2,031
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
$364,900
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Orange County, CA
Properties on Market for Residential income properties in Orange County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Lower, no-steps floorplan with covered carport and private patio, plus access to community laundry in Laguna Woods.
Where is this residential income property located?
The property is located at 8 Via Castilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: Lower “Majorca” model with no steps, two bedrooms and two full baths; 1,040 square feet; built in 1965; Fresh two‑tone interior paint; newer dual pane windows and sliding doors
