Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    420 Avenue, Unit Castilla B Laguna Woods, CA 92637

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,000 /Mo

    Apartment available for rent in Laguna Woods, California.

    Property Features for 420 Avenue

    General Information

    Property type
    Co-op
    Standard status
    Active

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Victoria Royalty
    Victoria Royalty
    Source: Elliman

    Listing Agent: Victoria Royalty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Laguna Woods Apartment For Rent

    An apartment is available for rent. The property is located in Laguna Woods, California. It can be used as a multifamily property or residential income property. It can also be classified as an apartment building.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laguna Woods
    County
    Orange
    State
    California
    Longitude
    -117.783
    Latitude
    33.5425

    Nearby Similar for Lease

    • $3,400 /Mo

      Remodeled Creek-Side Two Bedroom Apartment

      Remodeled two-bedroom apartment in Laguna Woods, a 55+ community.
      928 Avenue, Laguna Woods, CA 92637
      View Details
    • $3,200 /Mo

      Remodeled Townhome in 55+ Community

      Two-story townhome with modern upgrades in Laguna Woods 55+ community.
      839 Ronda Sevilla, Laguna Woods, CA 92637
      View Details
    • $2,900 /Mo

      Furnished Apartment in 55+ Community

      Furnished apartment in a quiet 55+ community near creek.
      606 Avenue, Laguna Woods, CA 92637
      View Details
    • $2,990 /Mo

      Designer Remodeled Casa Blanca Apartment

      Fully furnished 2-bedroom, 2-bathroom apartment in a 55+ community.
      15 Via Vis, Laguna Woods, CA 92637
      View Details
    • $3,400 /Mo

      Laguna Woods Apartment For Rent

      Apartment for rent in Laguna Woods, California.
      546 Via Estrada, Laguna Woods, CA 92637
      View Details
    • $3,250 /Mo

      Laguna Woods Rental Opportunity

      Laguna Woods multifamily property available for rent.
      8 Via Castilla N, Laguna Woods, CA 92637
      View Details
    • $4,000 /Mo

      Laguna Woods Furnished Townhome Rental

      Furnished 2-bedroom townhome in 55+ Laguna Woods Village.
      2022 Via Vis, Laguna Woods, CA 92637
      View Details
    • $2,800 /Mo

      Furnished Laguna Woods Apartment

      Fully furnished 2-bedroom, 2-bath apartment in Laguna Woods senior community.
      46 Calle Aragon R, Laguna Woods, CA 92637
      View Details
    • $3,100 /Mo

      Furnished Rental in Laguna Woods

      Furnished Seville model with two master bedrooms and private patio.
      480 Calle Cadiz B, Laguna Woods, CA 92637
      View Details
    • $3,100 /Mo

      Two-Story Home in Senior Community

      Two-story home with equipped kitchen in premium senior community.
      62 Calle Aragon B, Laguna Woods, CA 92637
      View Details
    • $2,900 /Mo

      Laguna Woods Furnished Rental

      Short-term furnished 2-bedroom rental in 55+ resort community.
      74 Calle Aragon A, Laguna Woods, CA 92637
      View Details
    • $2,800 /Mo

      Laguna Woods Multifamily Property

      Multifamily property for rent in Laguna Woods, California.
      2090 Ronda Granada C, Laguna Woods, CA 92637
      View Details

    FAQs

    What type of property is this?
    Apartment building - Apartment available for rent in Laguna Woods, California.
    Where is this apartment building located?
    The property is located at 420 Avenue, Unit Castilla B Laguna Woods, CA.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: - Apartment available for rent.; - Located in Laguna Woods, California.; - Built in 1965.
    (949) 300-7717
    Request Owner's contact information
    420 Avenue, Unit Castilla B Laguna Woods, CA 92637
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    420 Avenue, Unit Castilla B
    Laguna Woods, CA 92637
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Avenue, Unit Castilla B Laguna Woods, CA 92637
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Victoria Royalty
    Victoria Royalty
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!