Ground-Entry Senior Home with Enclosed
For Sale
$435,000
Pending
868 Avenida Sevilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,010 SF
Days on Market54
Property Features for 868 Avenida Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Laundry Room, Bathroom 2, Bedroom 2, Bathroom 1
Parking
5
Parking features
Carport
Window features
Skylight(s), Screens, Double Pane Windows, Plantation Shutters
Patio and Porch features
Porch
Interior features
Balcony
Appliances
Electric Water Heater, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
Lot features
Cul-De-Sac, 0-1 Unit/ Acre
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
From Gate 3 off Moulton Parkway, take Avenida Sevilla turn R into CDS 11. Carport No.5
Standard status
Pending
APN
11111111
Size
1,010 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Zoned
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Number of units
1
Flooring type
Laminate
Building materials
Plaster, Brick, Stucco, Drywall Walls
Listing Agency:
HomeSmart, Evergreen Realty
(949) 753-7888
Listed By:
Joy Yoo · License #01411167
(858) 774-1796
Added: Jul 14
Changed: Sep 3
Last Checked: Sep 5 at 8:06AM
MLS# OC26151478
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.
Casa Linda is a ground-entry level, 2-bedroom, 2-bathroom home within a senior community in Laguna Woods Village. The residence sits on a lush greenbelt at the end of a quiet cul-de-sac, with privacy created by no neighbors above or below. An expansive enclosed patio provides additional indoor-outdoor living space, and the home includes a skylight in the bathroom for natural light.
Updates include a Bosch washer and dryer and newly added ceiling-mounted A/C units with individual temperature controls. The home features a heat pump for heating, zoned cooling, laminate flooring, and a layout that includes a laundry room plus two bedrooms and two bathrooms. Parking includes a carport located just a few steps away, along with ample guest parking for visitors. Utilities include cable available, with public water and public sewer.
Built in 1967, Casa Linda offers a practical, move-in-ready setup for residents who prefer easy, one-level access within the community. Proximity to Exit-Only Gate 4 is convenient for daily errands.
Updates include a Bosch washer and dryer and newly added ceiling-mounted A/C units with individual temperature controls. The home features a heat pump for heating, zoned cooling, laminate flooring, and a layout that includes a laundry room plus two bedrooms and two bathrooms. Parking includes a carport located just a few steps away, along with ample guest parking for visitors. Utilities include cable available, with public water and public sewer.
Built in 1967, Casa Linda offers a practical, move-in-ready setup for residents who prefer easy, one-level access within the community. Proximity to Exit-Only Gate 4 is convenient for daily errands.
Key Highlights
- 1010 SF senior community home built in 1967
- Two bedrooms and two bathrooms with laundry room
- Ground‑entry level with no neighbors above or below
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
$19,278
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
4.43%
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%
$385,560
$385.6K
Cap Rate 7%
$275,400
$275.4K
Cap Rate 9%
$214,200
$214.2K
Market Conditions
NOI Build-Up for 1,010 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
$36.4K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$35.1K $34.70/SF
− OpEx
−$15.8K −$15.62/SF
NOI
$19.3K $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%
$385,560
Cap Rate 7%
$275,400
Cap Rate 9%
$214,200
Alternative Uses
Best Use
Apartment 5plus
$275.4K
$241.0K – $321.3K
NOI $19,278 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.2K
$296.8K – $395.8K
NOI $23,747 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
773
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 - Ground-entry 2-bedroom, 2-bath senior home with an expansive enclosed patio in a Laguna Woods Village community.
Where is this single family property located?
The property is located at 868 Avenida Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1010 SF senior community home built in 1967; Two bedrooms and two bathrooms with laundry room; Ground‑entry level with no neighbors above or below
