End-Unit Residential Income
New
For Sale
$339,800
2103 Ronda Granada, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size866 SF
Price / SF$392.38
Days on Market3
Property Features for 2103 Ronda Granada
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Kitchen, Bathroom 1, Bedroom 1, Laundry Room
Parking features
Carport
Spa
1
Window features
Screens, Double Pane Windows
Patio and Porch features
Patio
Interior features
Wired for Data, Laminate Counters, Unfurnished
Appliances
Water Heater, Disposal, Electric Water Heater, Refrigerator, Vented Exhaust Fan, Electric Range
Subdivision
Leisure World (LW)
Lot features
Sprinklers Timer, 36-40 Units/ Acre, Lot 10000-19999 Sqft, Sprinkler System
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter Laguna Woods Gate 5 from El Toro Road - Right on Via Mariposa Right onto Ronda Granada # 2031 is on the left of the first Cul-de-Sac. First Right onto Avenida Majorca Cul-De-Sac # 55 is on the Left
Standard status
Active
Size
866 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Radiant
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1969
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Stucco
Roof type
Composition
Architectural style
Spanish
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Leland Chesley · License #00919839
(949) 309-6104
Added: Sep 13
Changed: Sep 15
Last Checked: Sep 15 at 5:06AM
MLS# OC26200693
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 866-square-foot Spanish-style end unit, built in 1969, includes two bedrooms, one bathroom, a kitchen, laundry room, and laminate counters. Floor-to-ceiling windows, a large skylight in the kitchen and bathroom, and patios oriented east and north bring natural light and outdoor space to the home. The property has no stairs at entry or within the unit, with nearby access to the carport and parking. Interior features include vinyl flooring, electric heating, heat pump cooling, a refrigerator, electric range, disposal, and vented exhaust fan.
Located in Laguna Woods, the property is served by public water and public sewer and includes a carport. Laguna Woods Village amenities include seven clubhouses, five swimming pools, fitness and library facilities, pickleball, tennis, billiards, bocce, arts and crafts studios, computer centers, and free local bus transportation. The community is less than 8 miles from the Pacific Ocean in Laguna Beach.
Located in Laguna Woods, the property is served by public water and public sewer and includes a carport. Laguna Woods Village amenities include seven clubhouses, five swimming pools, fitness and library facilities, pickleball, tennis, billiards, bocce, arts and crafts studios, computer centers, and free local bus transportation. The community is less than 8 miles from the Pacific Ocean in Laguna Beach.
Key Highlights
- 866‑square‑foot Spanish‑style end unit built in 1969
- Two bedrooms and one bathroom with a dedicated laundry room
- No stairs to enter or within the property
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
$16,530
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
4.86%
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%
$330,600
$330.6K
Cap Rate 7%
$236,143
$236.1K
Cap Rate 9%
$183,667
$183.7K
Market Conditions
NOI Build-Up for 866 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
$31.2K $36.00/SF
− Vacancy
−$1.1K −$1.30/SF
EGI
$30.1K $34.70/SF
− OpEx
−$13.5K −$15.62/SF
NOI
$16.5K $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%
$330,600
Cap Rate 7%
$236,143
Cap Rate 9%
$183,667
Alternative Uses
Best Use
Apartment 5plus
$236.1K
$206.6K – $275.5K
NOI $16,530 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.9K
$254.5K – $339.4K
NOI $20,361 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,560
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?
Residential income property - Single-level end unit with patios, carport access, and community recreation amenities.
Where is this residential income property located?
The property is located at 2103 Ronda Granada Laguna Woods, CA.
What is the asking price?
The asking price for this property is $339,800.
What are key features of this property?
This property features: 866‑square‑foot Spanish‑style end unit built in 1969; Two bedrooms and one bathroom with a dedicated laundry room; No stairs to enter or within the property
