Spanish Single-Level No-Stairs
For Sale
$312,000
897 Ronda Sevilla C, Laguna Woods, CA 92637
MULTI_FAMILY - Spanish - Laguna Woods, CA
Property Size1,009 SF
Price / SF$309.22
Days on Market154
Property Features for 897 Ronda Sevilla C
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Kitchen, Laundry Room, Bedroom 1, Bedroom 2
Parking
1
Parking features
Assigned, RV, Covered, Carport, Guest
Spa
1
Window features
Plantation Shutters, Screens
Patio and Porch features
Patio
Interior features
Unfurnished, Ceiling Fan(s), Pantry, Formica Counters
Exterior features
Lighting
Appliances
Electric Oven, Electric Water Heater, Electric Cooktop, Refrigerator, Disposal, Dishwasher, Microwave
Subdivision
Leisure World (LW)
Lot features
Treed Lot, Corner Lot, Landscaped, Level, Sprinklers Timer, Gentle Sloping, Sprinkler System, Greenbelt, Up Slope from Street, Lawn
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Gates 1, 2, or 3. Ave Sevilla to Ronda Sevilla. Turn into CDS 72, first left to Carport 661 Space 3.
Standard status
Active
Size
1,009 SF
Taxes and HOA fees
HOA Fee
$937 Monthly
Utilities
Utilities
Phone Available
Heating system
Radiant, Electric (Heating), Heat Pump (Heating), Zoned
Cooling system
Heat Pump, Wall/Window Unit(s), Electric, Window Unit(s)
Water source
Public
Amenities
golf course
clubhouses
swimming pools
fitness center
tennis courts
pickleball courts
paddle tennis courts
social clubs
equestrian center
performing arts theater
private bus transportation
laundry cabana
Building Details
Year built
1966
Floors in Building
1
Flooring type
Vinyl, Laminate
Building materials
Stucco
Architectural style
Spanish
Listing Agency:
Barbara Stoker, Broker
(949) 842-6020
Listed By:
Barbara Stoker · License #00914782
(949) 842-6020
Added: Mar 13
Changed: Aug 11
Last Checked: Aug 13 at 12:06AM
MLS# OC26055529
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 Spanish-style co-op home is a lower end unit designed for easy living with no stairs, offering 2 bedrooms and 2 bathrooms on a single level. The home is approximately 1,009 SF and was built in 1966. An open-air patio connects to the living room and guest bedroom, with outdoor access through a wide wooden gate. Inside, the layout includes a kitchen, laundry room, and bedrooms and bathrooms, with flooring listed as vinyl and laminate. The property also includes a spa.
Kitchen and appliance features include a refrigerator, electric oven, electric cooktop, dishwasher, microwave, disposal, and an electric water heater. Heating is described as zoned electric with heat pump and radiant elements, and cooling is listed as window and wall/window unit options plus electric/heat pump support.
Parking includes assigned space, carport, guest, RV, and covered parking options. HOA provides and maintains many original features for the buyer, and monthly HOA payments include property tax/insurance plus cable, water, and trash. Community amenities mentioned include golf, multiple clubhouses, several swimming pools, a fitness center, tennis and pickleball, and a performing arts theater, along with private bus transportation within the community and to local shopping centers.
Kitchen and appliance features include a refrigerator, electric oven, electric cooktop, dishwasher, microwave, disposal, and an electric water heater. Heating is described as zoned electric with heat pump and radiant elements, and cooling is listed as window and wall/window unit options plus electric/heat pump support.
Parking includes assigned space, carport, guest, RV, and covered parking options. HOA provides and maintains many original features for the buyer, and monthly HOA payments include property tax/insurance plus cable, water, and trash. Community amenities mentioned include golf, multiple clubhouses, several swimming pools, a fitness center, tennis and pickleball, and a performing arts theater, along with private bus transportation within the community and to local shopping centers.
Key Highlights
- Approximately 1,009 SF single‑level co‑op built in 1966
- No‑stairs lower end unit with 2 bedrooms and 2 bathrooms
- Open‑air patio accessible from living room and guest bedroom plus wide wooden gate
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
$19,259
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
6.17%
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%
$385,180
$385.2K
Cap Rate 7%
$275,129
$275.1K
Cap Rate 9%
$213,989
$214.0K
Market Conditions
NOI Build-Up for 1,009 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
$36.3K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$35.0K $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%
$385,180
Cap Rate 7%
$275,129
Cap Rate 9%
$213,989
Alternative Uses
Best Use
Apartment 5plus
$275.1K
$240.7K – $321.0K
NOI $19,259 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,723 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,437
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Single-level Spanish co-op with no stairs, an open-air patio, and an attached carport with covered parking.
Where is this residential income property located?
The property is located at 897 Ronda Sevilla C Laguna Woods, CA.
What is the asking price?
The asking price for this property is $312,000.
What are key features of this property?
This property features: Approximately 1,009 SF single‑level co‑op built in 1966; No‑stairs lower end unit with 2 bedrooms and 2 bathrooms; Open‑air patio accessible from living room and guest bedroom plus wide wooden gate
