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End-Unit Residential Income Property

2103 Ronda Granada, Laguna Woods, CA 92637

For Sale
$339,800

Laguna Woods, CA

Property Size866 SF
Price / SF$392.38
Days on Market56

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 1, Bedroom 2, Bathroom 1, Laundry Room, Kitchen
Parking features Carport
Spa 1
Window features Double Pane Windows, Screens
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 # 2103 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 Heat Pump (Heating), Radiant, Electric (Heating)
Cooling system Heat Pump
Water source Public

Amenities

Fitness Center
Covered Pool
Coffee Drop-In Lounge
Library
Bocce
Billiards
Archery Range
Shuffle Board Court
Pool
Hot Tub
Wood Shop
Jewelry Making
Art Studio
Ceramics Studio
Sewing Room
Quilting Room
Photography Studio
Lapidary
Pickle Ball
Tennis
Ping Pong
Computer centers

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
Listed By: Leland Chesley · License #00919839
Added: Sep 13 Changed: Nov 6 Last Checked: Nov 7 at 1:06AM
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.

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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.

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 / Yr
$16,530
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
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 (±1% cap)
NOI $20,361 @ 7.0% cap · market cap 5.99%
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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Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

2,560
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
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Market

Average Price Trend$/SF for Residential income properties in Orange County, CA

$432 Jul
$493 Aug
$621 Sep
$700 Oct

Properties on Market for Residential income properties in Orange County

Jul
Aug
Sep
Oct

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
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