Apartment Building with
For Sale
$295,000
2108 Ronda Granada, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,010 SF
Lot Size0.11 Acres
Price / SF$292.08
Days on Market57
Property Features for 2108 Ronda Granada
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Great Room, Laundry Room, Bedroom 2, Bathroom 1
Parking
1
Parking features
Carport, Assigned
Spa
1
Window features
Shutters, Plantation Shutters
Patio and Porch features
Patio
Interior features
Chair Railings, Open Floorplan
Appliances
Disposal, Electric Water Heater, Refrigerator, Range Hood, Electric Oven, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
5 fwy, Exit at Lake Forest, go Gate 6 , turn left on Via Mariposa, park in front , cul de sac 209
Standard status
Active
Size
1,010 SF
Lot size
0.11 Acres
Taxes and HOA fees
HOA Fee
$889 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Radiant
Cooling system
Heat Pump, Electric
Water source
Public
Amenities
patio
golf course
tennis
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
stacked washer/dryer
Building Details
Year built
1968
Floors in Building
1
Number of units
6
Flooring type
Carpet, Laminate
Architectural style
Mediterranean
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Lisa Post-Letourneau · License #00879175
(714) 928-3976
Added: Jul 6
Changed: Aug 30
Last Checked: Aug 31 at 9:06AM
MLS# OC26146440
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.
Apartment building at 2108 Ronda Granada in Laguna Woods, CA (Orange County) featuring a Mediterranean architectural style. The home includes an open floor plan with a great room, dining room, two bedrooms, and two bathrooms, plus a dedicated laundry room with a stacked washer/dryer. At the center of the layout is an updated kitchen with custom designer tile, freshly painted wood cabinets, an electric cooktop with vented hood, refrigerator, range hood, electric oven, dishwasher, and disposal. Interior finishes include luxury vinyl flooring through the entry, hallway, kitchen, and both baths, new luxury carpeting in both bedrooms, and the home has been just painted.
The property also offers a patio and spa (SpaYN: true). Lot size is 0.1148 acres and the property size is 1,010 square feet. Utilities include public water and public sewer, with heating served by electric (heating), radiant, and a heat pump, and cooling by heat pump and electric. Parking is provided via a carport with assigned spaces.
Residents can access Laguna Woods Village amenities, including multiple golf courses, tennis and paddle tennis, pickleball, fitness centers, clubhouses, swimming pools, equestrian facilities, and a range of clubs and organizations, along with free bus transportation around the community.
The property also offers a patio and spa (SpaYN: true). Lot size is 0.1148 acres and the property size is 1,010 square feet. Utilities include public water and public sewer, with heating served by electric (heating), radiant, and a heat pump, and cooling by heat pump and electric. Parking is provided via a carport with assigned spaces.
Residents can access Laguna Woods Village amenities, including multiple golf courses, tennis and paddle tennis, pickleball, fitness centers, clubhouses, swimming pools, equestrian facilities, and a range of clubs and organizations, along with free bus transportation around the community.
Key Highlights
- Patio and spa access with SpaYN: true
- Open floor plan with great room, dining room, two bedrooms, and two bathrooms
- Kitchen with electric cooktop and vented hood, refrigerator, electric oven, and dishwasher
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
$19,278
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
6.53%
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%
$385,560
$385.6K
Cap Rate 7%
$275,400
$275.4K
Cap Rate 9%
$214,200
$214.2K
Market Conditions
NOI Build-Up for 1,010 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
$36.4K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$35.1K $34.70/SF
− OpEx
−$15.8K −$15.62/SF
NOI
$19.3K $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%
$385,560
Cap Rate 7%
$275,400
Cap Rate 9%
$214,200
Alternative Uses
Best Use
Apartment 5plus
$275.4K
$241.0K – $321.3K
NOI $19,278 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.2K
$296.8K – $395.8K
NOI $23,747 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,600
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Apartment building in Laguna Woods on a landscaped patio with an open floor plan, spa, and electric HVAC and heat pump.
Where is this single family property located?
The property is located at 2108 Ronda Granada Laguna Woods, CA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Patio and spa access with SpaYN: true; Open floor plan with great room, dining room, two bedrooms, and two bathrooms; Kitchen with electric cooktop and vented hood, refrigerator, electric oven, and dishwasher
