Upper-Corner Residential Income
For Sale
$199,500
Pending
185 Avenida Majorca, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size770 SF
Days on Market133
Property Features for 185 Avenida Majorca
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Kitchen, Laundry Room
Parking
1
Parking features
Carport
Spa
1
Interior features
Balcony
Appliances
Disposal, Electric Water Heater, Refrigerator, Electric Oven, Dishwasher, Electric Cooktop
Lot features
Cul-De-Sac, Close to Clubhouse
View
Hills
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Gate 2 off Paseo de Valencia. First left on Avenida Majorca to cul de sac 57.
Subdivision
LW - Laguna Woods
Standard status
Pending
Size
770 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
balcony
golf
tennis
bocce ball
lawn bowling
equestrian center
music
comedy club
entertainment
clubhouse
swimming pools
Building Details
Year built
1965
Floors in Building
1
Number of units
8
Flooring type
Laminate
Listing Agency:
PREA Realty, Inc.
Listed By:
Paul Santoro · License #01463389
(949) 525-8955
Added: Jun 19
Changed: Oct 28
Last Checked: Oct 29 at 4:06AM
MLS# OC26135104
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 770-square-foot upper corner unit at Laguna Woods Village includes a kitchen, dining area, entry, bedroom, bathroom, and laundry room. Interior details include dual-pane vinyl windows with shutters, laminate flooring in the kitchen, dining area, and entry, carpet in the bedroom, and vinyl flooring in the bathroom. The residence also features a large balcony, heat-pump heating and cooling, public water and sewer, and a carport. Appliances include a refrigerator, electric oven, electric cooktop, dishwasher, disposal, and electric water heater.
The property is located near Gate 2, with shopping and restaurants nearby. Laguna Woods Village offers more than 250 clubs and organizations, six swimming pools, golf, tennis, bocce ball, lawn bowling, an equestrian center, music, comedy, and other entertainment. The community is close to Laguna Beach.
The property is located near Gate 2, with shopping and restaurants nearby. Laguna Woods Village offers more than 250 clubs and organizations, six swimming pools, golf, tennis, bocce ball, lawn bowling, an equestrian center, music, comedy, and other entertainment. The community is close to Laguna Beach.
Key Highlights
- 770‑square‑foot upper corner unit in Laguna Woods Village
- Large balcony and carport included
- Dual‑pane vinyl windows with shutters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,697
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,940
$293.9K
Cap Rate 7%
$209,957
$210.0K
Cap Rate 9%
$163,300
$163.3K
Market Conditions
NOI Build-Up for 770 SF
Gross rent
$27.7K $36.00/SF
− Vacancy
−$998 −$1.30/SF
EGI
$26.7K $34.70/SF
− OpEx
−$12.0K −$15.62/SF
NOI
$14.7K $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%
$293,940
Cap Rate 7%
$209,957
Cap Rate 9%
$163,300
Alternative Uses
Best Use
Apartment 5plus
$210.0K
$183.7K – $245.0K
NOI $14,697 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.6K
$226.3K – $301.7K
NOI $18,104 @ 7.0% cap · market cap 9.07%
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
1,807
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 - Upper-level residence with a balcony, carport, updated window treatments, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 185 Avenida Majorca Laguna Woods, CA.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: 770‑square‑foot upper corner unit in Laguna Woods Village; Large balcony and carport included; Dual‑pane vinyl windows with shutters
