Ground-Level Residential Income
For Sale
$255,000
118 Via Estrada, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,040 SF
Lot Size0.02 Acres
Price / SF$245.19
Days on Market193
Property Features for 118 Via Estrada
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Living Room, Bedroom 1, Laundry Room, Bedroom 2, Bathroom 2, Bathroom 1
Parking
1
Parking features
Guest, Carport, Assigned
Spa
1
Window features
Double Pane Windows, Screens, Blinds
Interior features
Unfurnished, Ceiling Fan(s), Formica Counters
Appliances
Disposal, Electric Water Heater, Range Hood, Electric Oven, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter Gate 2 from Paseo De Valencia, Take the first right into cul-de-sac 21. Carport 106 Space 3
Standard status
Active
Size
1,040 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Heat Pump (Heating), Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
enclosed patio sunroom
inside stackable laundry
golf
tennis
pickleball
fitness centers
multiple pools
equestrian center
community gardens
art studio
world-class woodshop
over 200 clubs
free community bus
economical RV storage
guard-gated security
Building Details
Year built
1965
Floors in Building
1
Number of units
16
Flooring type
Tile, Carpet
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Claire Craig · License #01372644
(858) 204-2279
Added: Apr 4
Changed: Oct 13
Last Checked: Oct 13 at 4:06PM
MLS# OC26084162
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 1,040-square-foot ground-level home follows the Majorca model and includes two bedrooms, two bathrooms, a living room, dining area, kitchen, laundry room, and enclosed patio sunroom. The kitchen provides cabinet storage and workspace, while newer vinyl dual-pane windows serve the bedrooms and kitchen. Interior features include carpet and tile flooring, Formica counters, ceiling fans, and stackable laundry. Appliances include an electric oven, electric cooktop, dishwasher, disposal, range hood, and electric water heater. Heating is provided by electric, heat pump, and radiant systems, with wall/window cooling units. The property was built in 1965 and has public water and public sewer.
Parking includes an assigned carport and guest spaces. The home is within Laguna Woods Village, an active senior community where the first occupant must be 55+ and a second occupant may be 45+. Community amenities include golf courses, tennis and pickleball facilities, fitness centers, pools, an equestrian center, gardens, studios, clubs, bus service, RV storage, and guard-gated security. The property is approximately 6 miles from Laguna Beach.
Parking includes an assigned carport and guest spaces. The home is within Laguna Woods Village, an active senior community where the first occupant must be 55+ and a second occupant may be 45+. Community amenities include golf courses, tennis and pickleball facilities, fitness centers, pools, an equestrian center, gardens, studios, clubs, bus service, RV storage, and guard-gated security. The property is approximately 6 miles from Laguna Beach.
Key Highlights
- 1,040‑square‑foot Majorca model home with 2 bedrooms and 2 bathrooms
- Ground‑level layout with no stairs to the unit
- Large enclosed patio sunroom provides additional flexible space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,851
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,020
$397.0K
Cap Rate 7%
$283,586
$283.6K
Cap Rate 9%
$220,567
$220.6K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$37.4K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$36.1K $34.70/SF
− OpEx
−$16.2K −$15.62/SF
NOI
$19.9K $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 Rate 5%
$397,020
Cap Rate 7%
$283,586
Cap Rate 9%
$220,567
Alternative Uses
Best Use
Apartment 5plus
$283.6K
$248.1K – $330.9K
NOI $19,851 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,104
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath home with enclosed patio sunroom, in-unit laundry, and assigned carport parking.
Where is this residential income property located?
The property is located at 118 Via Estrada Laguna Woods, CA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,040‑square‑foot Majorca model home with 2 bedrooms and 2 bathrooms; Ground‑level layout with no stairs to the unit; Large enclosed patio sunroom provides additional flexible space
