Residential Income Property in 55+
For Sale
$498,000
2148 Ronda Granada, Laguna Woods, CA 92637
MULTI_FAMILY - Modern - Laguna Woods, CA
Property Size1,110 SF
Lot Size0.03 Acres
Price / SF$448.65
Days on Market37
Property Features for 2148 Ronda Granada
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Laundry Room, Bathroom 1, Bedroom 2, Bathroom 2, Family Room
Parking
1
Parking features
Carport
Spa
1
Window features
Shutters, Skylight(s), Plantation Shutters
Patio and Porch features
Patio
Interior features
Storage, Formica Counters
Appliances
Electric Oven, Electric Cooktop, Range Hood, Refrigerator, Disposal, Dishwasher, Vented Exhaust Fan, Microwave, Water Heater
Subdivision
Leisure World (LW)
Lot features
Cul-De-Sac
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter gate 5 off El Toro, Turn right at Via Mariposa East, Turn Right to Ronda Granada, Turn Right to Cul de Sac 209, turn left, Follow in to the right to 2148
Standard status
Active
Size
1,110 SF
Lot size
0.03 Acres
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Wall Furnace
Cooling system
Heat Pump, Window Unit(s), Electric, Wall/Window Unit(s)
Water source
Public
Amenities
gated courtyard
patio
skylights
solar tube
plantation shutters
ceiling fan
heating and air-conditioning unit
two golf courses
seven clubhouses
five swimming pools
four hot pools
three fitness centers
tennis and pickleball courts
equestrian center
performing arts center
garden centers
arts and crafts facilities
Building Details
Year built
1966
Floors in Building
1
Number of units
4
Flooring type
Vinyl
Building materials
Adobe
Roof type
Flat
Architectural style
Modern
Additional Structures
Storage
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Bob DePew · License #02057870
(714) 350-6565
Added: Jun 26
Changed: Jul 30
Last Checked: Aug 1 at 3:06PM
MLS# OC26159548
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.
2148-A Ronda Granada is a spacious two-bedroom, two-bath Cordoba model co-op within a 55+ community in Laguna Woods Village. The single-level layout centers on a bright living room with large windows and two skylights, with sliding glass doors opening to a second oversized tiled patio. The gated courtyard features an exceptionally large, partially covered tiled patio, with nearby mature landscaping including a lemon tree.
Inside, the home includes light luxury vinyl plank flooring and a galley kitchen with freshly painted white cabinetry, updated countertops, recessed lighting, abundant storage, and a full complement of appliances. A guest bathroom includes a solar tube, single-sink vanity, and a cast-iron tub with shower, while the second bathroom offers a tiled walk-in shower. A centrally located utility closet is pre-plumbed for a stackable washer and dryer and provides additional storage and access to the water heater. The primary bedroom includes its own heating and air-conditioning unit and built-in storage.
Laguna Woods Village offers two golf courses, seven clubhouses, multiple pools and hot pools, fitness centers, tennis and pickleball courts, an equestrian center, and performing arts, garden, and arts facilities.
Inside, the home includes light luxury vinyl plank flooring and a galley kitchen with freshly painted white cabinetry, updated countertops, recessed lighting, abundant storage, and a full complement of appliances. A guest bathroom includes a solar tube, single-sink vanity, and a cast-iron tub with shower, while the second bathroom offers a tiled walk-in shower. A centrally located utility closet is pre-plumbed for a stackable washer and dryer and provides additional storage and access to the water heater. The primary bedroom includes its own heating and air-conditioning unit and built-in storage.
Laguna Woods Village offers two golf courses, seven clubhouses, multiple pools and hot pools, fitness centers, tennis and pickleball courts, an equestrian center, and performing arts, garden, and arts facilities.
Key Highlights
- Two‑bedroom, two‑bath single‑level Cordoba model co‑op
- Gated courtyard with exceptionally large partially covered tiled patio
- Two skylights and large windows in the living room
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 | $40.0k | $36.00 |
| − Vacancy | −$1.4k | −$1.30 |
| EGI | $38.5k | $34.70 |
| − OpEx | −$17.3k | −$15.62 |
| NOI | $21.2k | $19.09 |
1,110 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$302.7K
$264.8K – $353.1K
NOI $21,187 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.8K
$326.2K – $435.0K
NOI $26,098 @ 7.0% cap · market cap 5.24%
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
2,560
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
$364,900
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Orange County, CA
Properties on Market for Residential income properties in Orange County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Light-filled two-bedroom, two-bath co-op with gated courtyard, two tiled patios, and move-in-ready interior in a 55+ community.
Where is this residential income property located?
The property is located at 2148 Ronda Granada Laguna Woods, CA.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath single‑level Cordoba model co‑op; Gated courtyard with exceptionally large partially covered tiled patio; Two skylights and large windows in the living room
