Remodeled Residential Income
For Sale
$550,000
176 Avenida Majorca, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size953 SF
Price / SF$577.12
Days on Market96
Property Features for 176 Avenida Majorca
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Kitchen, Bedroom 1, Bathroom 2, Bedroom 2, Laundry Room, Bathroom 1
Parking
1
Parking features
Carport, Covered, Guest
Spa
1
Window features
Screens, Double Pane Windows
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
Central, Electric (Heating)
Cooling system
Electric, Central Air
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: Aug 21
Last Checked: Aug 23 at 8:06AM
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 = 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
$18,190
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
3.31%
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%
$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
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
$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 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%
$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 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.1K
$280.1K – $373.5K
NOI $22,407 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level cottage with updated interiors, private patio, and access to extensive community recreation amenities.
Where is this residential income 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 $550,000.
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
