Remodeled Residential Income
For Sale
$539,000
176 Avenida Majorca, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size953 SF
Price / SF$565.58
Days on Market145
Property Features for 176 Avenida Majorca
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Kitchen, Laundry Room, Bathroom 2
Parking
1
Parking features
Covered, Carport, Guest
Spa
1
Window features
Double Pane Windows, Screens
Interior features
Crown Molding, Quartz Counters, Ceiling Fan(s), Recessed Lighting, Open Floorplan
Appliances
Disposal, Electric Water Heater, Microwave, Refrigerator, Electric Range, Ice Maker, Dishwasher
Subdivision
Leisure World (LW)
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
From Avenida Majorca ,turn onto CDS 57
Standard status
Active
Size
953 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
golf courses
restaurant
clubhouse
swimming pools
fitness centers
pickleball courts
tennis courts
lawn bowling
equestrian facilities
gardening centers
art studios
computer labs
classes
clubs
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Laminate
Architectural style
Cottage
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: May 20
Changed: Oct 10
Last Checked: Oct 11 at 12:06PM
MLS# OC26112204
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 953-square-foot, single-level cottage was remodeled with contemporary finishes and has an end-unit layout with one shared wall. The interior includes an open floor plan, vaulted ceiling, laminate flooring, recessed lighting, dual-pane windows, central heating and air conditioning, and a kitchen with white shaker cabinetry, quartz counters, breakfast bar seating, subway tile backsplash, and stainless GE appliances. Two bedrooms feature mirrored wardrobe doors, closet organizers, and large windows. Both bathrooms have been updated with tiled surrounds, tiled floors, and quartz-topped vanities. A stack washer and dryer is located in a hallway closet, and the home opens to a private patio.
The property is served by public water and public sewer and includes covered carport parking with guest parking. Community amenities include golf courses, swimming pools, fitness centers, pickleball and tennis courts, lawn bowling, equestrian facilities, gardening centers, art studios, computer labs, classes, and more than 200 clubs and social organizations. The setting is near Aliso Creek walking paths, Laguna Beach, shopping, medical facilities, and freeways.
The property is served by public water and public sewer and includes covered carport parking with guest parking. Community amenities include golf courses, swimming pools, fitness centers, pickleball and tennis courts, lawn bowling, equestrian facilities, gardening centers, art studios, computer labs, classes, and more than 200 clubs and social organizations. The setting is near Aliso Creek walking paths, Laguna Beach, shopping, medical facilities, and freeways.
Key Highlights
- 953‑square‑foot single‑level cottage with an end‑unit layout and one shared wall
- Remodeled kitchen with quartz counters, breakfast bar, shaker cabinetry, and stainless GE appliances
- Two updated bathrooms with tiled surrounds, tiled flooring, and quartz‑topped vanities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,190
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,800
$363.8K
Cap Rate 7%
$259,857
$259.9K
Cap Rate 9%
$202,111
$202.1K
Market Conditions
NOI Build-Up for 953 SF
Gross rent
$34.3K $36.00/SF
− Vacancy
−$1.2K −$1.30/SF
EGI
$33.1K $34.70/SF
− OpEx
−$14.9K −$15.62/SF
NOI
$18.2K $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%
$363,800
Cap Rate 7%
$259,857
Cap Rate 9%
$202,111
Alternative Uses
Best Use
Apartment 5plus
$259.9K
$227.4K – $303.2K
NOI $18,190 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.1K
$280.1K – $373.5K
NOI $22,407 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,807
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?
Single family property - Single-level cottage with updated interiors, private patio, and access to extensive community recreation amenities.
Where is this single family property located?
The property is located at 176 Avenida Majorca Laguna Woods, CA.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 953‑square‑foot single‑level cottage with an end‑unit layout and one shared wall; Remodeled kitchen with quartz counters, breakfast bar, shaker cabinetry, and stainless GE appliances; Two updated bathrooms with tiled surrounds, tiled flooring, and quartz‑topped vanities
