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Apartment Building with Patio

18 Via Castilla, Laguna Woods, CA 92637

For Sale
$269,000
Under Contract

Laguna Woods, CA

Property Size1,040 SF
Lot Size0.23 Acres
Price / SF$258.65
Days on Market105

Property Features for 18 Via Castilla

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 2
Full bathrooms 1
Rooms Bathroom 1, Bathroom 2, Family Room, Laundry Room, Bedroom 1, Bedroom 2
Parking features Carport
Spa 1
Window features Double Pane Windows, Shutters
Patio and Porch features Patio
Appliances Disposal, Refrigerator, Electric Range, Electric Oven, Dishwasher, Electric Cooktop
Subdivision Leisure World (LW)
Elementary school district Saddleback Valley Unified
Middle school district Saddleback Valley Unified
High school district Saddleback Valley Unified
Directions turn Left at Via Castilla, Enter Gate 1, turn left on Via Castilla, building is on the right corner. You can park in the back in the guest parking, Carport is 35 space 6
Special listing conditions Probate Listing
Standard status Active Under Contract
Size 1,040 SF
Lot size 0.23 Acres

Taxes and HOA fees

HOA Fee $661 Monthly

Utilities

Utilities Water Available
Sewer type Public Sewer
Cooling system Heat Pump, Electric
Water source Public

Amenities

patio
walk-in bathtub/shower
stacked washer/dryer
golf course
tennis courts
paddle tennis
pickle ball
lawn bowling
fitness centers
clubhouses
swimming pools
equestrian center
horse stables
gardening
art studio
shuffleboard courts
craft and hobby workshops
game rooms
billiard rooms
woodshop
clubs and organizations
free bus transportation

Building Details

Year built 1964
Floors in Building 1
Number of units 16
Flooring type Tile, Carpet
Architectural style Mediterranean
Listing Agency: Laguna Premier Realty Inc.
Listed By: Lisa Post-Letourneau · License CA #00879175
Added: Jul 28 Changed: Nov 6 Last Checked: Nov 9 at 11:06AM
MLS# OC26164789

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.

Mediterranean-style apartment home built in 1964 featuring a welcoming open layout, tile flooring in the entry and kitchen areas, and carpet in the living room and bedrooms. Dual pane windows help with light and comfort, and the home includes smooth ceilings throughout. Both bathrooms have tile and include a walk-in bathtub/shower in the second bath, with a stacked washer/dryer in the laundry room. Cooling is electric with a heat pump, and the home has public water plus public sewer service. A patio and a carport provide outdoor space and covered parking. Spa is available.

Set on a 0.2296-acre lot with 1,040 SF of interior space, the property is located at 18 Via Castilla in Laguna Woods, Orange County, CA 92637.

On-site appliances include a refrigerator, dishwasher, electric range, electric oven, electric cooktop, and disposal.

Key Highlights

  • 0.2296‑acre lot and 1,040 SF apartment home
  • Built in 1964 with Mediterranean architectural style
  • Private patio plus spa (SpaYN true)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$19,851
Cap Rate
7.38%
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 (±1% cap)
NOI $19,851 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K (±1% cap)
NOI $24,452 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
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Location Intelligence

Trade Area within ½ mile

1,878
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Frequently Asked Questions

What type of property is this?
Single family property - Mediterranean-style apartment home built in 1964 with a private patio, carport parking, and public water and sewer service.
Where is this single family property located?
The property is located at 18 Via Castilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 0.2296‑acre lot and 1,040 SF apartment home; Built in 1964 with Mediterranean architectural style; Private patio plus spa (SpaYN true)
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