Spanish-Style Income
For Sale
$305,000
Pending
161-D Avenida Majorca, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,040 SF
Days on Market175
Property Features for 161-D Avenida Majorca
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Laundry Room, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Kitchen
Parking features
Carport
Spa
1
Window features
Screens, Double Pane Windows
Patio and Porch features
Porch
Interior features
Wired for Data, Laminate Counters, Unfurnished
Appliances
Electric Oven, Electric Water Heater, Electric Cooktop, Refrigerator, Disposal, Dishwasher, Vented Exhaust Fan, Water Heater
Subdivision
Leisure World (LW)
Lot features
Sprinklers Timer, 36-40 Units/ Acre, Lot 10000-19999 Sqft, Sprinkler System
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter Laguna Woods Gate 2 from Paseo de Valencia and Via Estrada. First Right onto Avenida Majorca Cul-De-Sac # 55 is on the Left
Standard status
Pending
Size
1,040 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Radiant, Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
Fitness Center
Covered Pool
Coffee Drop-In Lounge
Library
Bocce
Billiards
Archery Range
Shuffle Board Court
Pool Hot Tub
Wood Shop
Jewelry Making
Art and Ceramics Studios
Sewing and Quilting Rooms
Photography Studio
Lapidary
5 Swimming Pools
Pickle Ball
Tennis
Ping Pong
Computer Centers
Building Details
Year built
1964
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Stucco
Roof type
Composition
Architectural style
Spanish
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Leland Chesley · License #00919839
(949) 309-6104
Added: May 8
Changed: Oct 28
Last Checked: Oct 29 at 7:06AM
MLS# OC26100755
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.
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Investment Insights
Based on property information with market context.
This 1,040-square-foot Spanish-style residential income property at 161-D Avenida Majorca offers two bedrooms and two bathrooms in a single-level configuration. The home has no steps at the entry or along the route to the carport, plus a three-sided enclosed patio with glass sliding-door access to the garden. An end-unit position provides two windows in the primary suite. Interior features include vinyl flooring, laminate counters, electric appliances, heat-pump cooling, radiant heating, and an unfurnished layout. Public water and sewer serve the property, which was built in 1964.
The residence is located in Laguna Woods Village, with a short walk to the Creek Nature Preserve. Community facilities include seven clubhouses, five swimming pools, fitness and arts studios, tennis, pickleball, bocce, billiards, archery, shuffleboard, computer centers, and free local bus transportation. Laguna Beach and the Pacific Ocean are less than 8 miles away.
The residence is located in Laguna Woods Village, with a short walk to the Creek Nature Preserve. Community facilities include seven clubhouses, five swimming pools, fitness and arts studios, tennis, pickleball, bocce, billiards, archery, shuffleboard, computer centers, and free local bus transportation. Laguna Beach and the Pacific Ocean are less than 8 miles away.
Key Highlights
- 1,040‑square‑foot, two‑bedroom, two‑bath residential income property
- Single‑level end unit with no steps to the residence or carport
- Three‑sided enclosed patio with full‑size glass sliding door to the garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,851
Cap Rate
6.51%
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 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,125
Businesses Nearby
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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 - Single-level residence with an enclosed patio, carport, public utilities, and access to Laguna Woods Village amenities.
Where is this residential income property located?
The property is located at 161-D Avenida Majorca Laguna Woods, CA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,040‑square‑foot, two‑bedroom, two‑bath residential income property; Single‑level end unit with no steps to the residence or carport; Three‑sided enclosed patio with full‑size glass sliding door to the garden
