Apartment Building with
New
For Sale
$289,000
18 Via Castilla, Laguna Woods, CA 92637
MULTI_FAMILY - Mediterranean - Laguna Woods, CA
Property Size1,040 SF
Lot Size0.23 Acres
Price / SF$277.88
Days on Market4
Property Features for 18 Via Castilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Laundry Room, Bathroom 1, Family Room, Bathroom 2
Parking features
Carport
Spa
1
Window features
Shutters, Double Pane Windows
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
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
Electric, Heat Pump
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
Carpet, Tile
Architectural style
Mediterranean
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Lisa Post-Letourneau · License #00879175
(714) 928-3976
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 31 at 3:06AM
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.
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.
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $36.00 |
| − Vacancy | −$1.3k | −$1.30 |
| EGI | $36.1k | $34.70 |
| − OpEx | −$16.2k | −$15.62 |
| NOI | $19.9k | $19.09 |
1,040 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$283.6K
$248.1K – $330.9K
NOI $19,851 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,878
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mediterranean-style apartment home built in 1964 with a private patio, carport parking, and public water and sewer service.
Where is this apartment building located?
The property is located at 18 Via Castilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $289,000.
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)
