Remodeled Residential Income
For Sale
$419,000
118 Via Estrada C, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,040 SF
Lot Size0.02 Acres
Price / SF$402.88
Days on Market162
Property Features for 118 Via Estrada C
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 2, Laundry Room, Bedroom 1, Bathroom 1
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Gate 2
Subdivision
LW - Laguna Woods
Standard status
Active
Size
1,040 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$826 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
27-hole championship golf course
9-hole executive par 3 course
pickleball and tennis courts
lawn bowling
gyms
clubhouses
swimming pools
horse stables
gardening centers
artist studios
computer workrooms
classes + over 200 clubs and organizations
Building Details
Year built
1965
Floors in Building
1
Number of units
4
Listing Agency:
HomeSmart, Evergreen Realty
(949) 753-7888
Listed By:
Frank Williamson · License #01366810
(949) 500-7484
Added: Mar 28
Changed: Sep 3
Last Checked: Sep 5 at 3:06PM
MLS# OC26093037
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 Majorca co-op, built in 1965, offers a no-step layout with two bedrooms, two bathrooms, and an open kitchen, dining, and living area. The remodeled kitchen includes white cabinetry, granite countertops, stainless steel appliances, recessed and pendant lighting, crown molding, a breakfast bar, and substantial storage. The primary suite includes an updated bathroom, a stackable washer and dryer, and additional storage. Wall and window unit cooling are provided, with public water and public sewer service.
The home has a greenbelt view and is within walking distance of Gate 2. The planned Village at Laguna Hills is described as a pedestrian-oriented town center with restaurants, shops, medical offices, and community gathering areas. Laguna Woods amenities include a 27-hole championship golf course, a nine-hole executive par-three course, pickleball and tennis courts, lawn bowling, gyms, clubhouses, swimming pools, horse stables, gardening centers, artist studios, computer workrooms, classes, and more than 200 clubs and organizations.
The home has a greenbelt view and is within walking distance of Gate 2. The planned Village at Laguna Hills is described as a pedestrian-oriented town center with restaurants, shops, medical offices, and community gathering areas. Laguna Woods amenities include a 27-hole championship golf course, a nine-hole executive par-three course, pickleball and tennis courts, lawn bowling, gyms, clubhouses, swimming pools, horse stables, gardening centers, artist studios, computer workrooms, classes, and more than 200 clubs and organizations.
Key Highlights
- 1,040 SF Majorca co‑op with a no‑step layout
- Two bedrooms and two bathrooms with an open kitchen, dining, and living area
- Remodeled kitchen with granite counters, stainless appliances, breakfast bar, and storage
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
$19,851
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
4.74%
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%
$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
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
$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 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%
$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 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level co-op with an open living area, updated finishes, and access to Laguna Woods community amenities.
Where is this residential income property located?
The property is located at 118 Via Estrada C 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: 1,040 SF Majorca co‑op with a no‑step layout; Two bedrooms and two bathrooms with an open kitchen, dining, and living area; Remodeled kitchen with granite counters, stainless appliances, breakfast bar, and storage
