Two-Bedroom Residential Income
2148 Ronda Granada, Laguna Woods, CA 92637
For Sale
$485,000
Under Contract
Laguna Woods, CA
Property Size1,110 SF
Lot Size0.03 Acres
Price / SF$436.94
Days on Market137
Property Features for 2148 Ronda Granada
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Spa
Window features
Patio and Porch features
Interior features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
Size
Lot size
Taxes and HOA fees
HOA Fee
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
golf courses
clubhouses
swimming pools
hot pools
fitness centers
tennis and pickleball courts
equestrian center
performing arts center
garden centers
arts and crafts facilities
clubs and social organizations
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Bob DePew · License CA #02057870
(714) 350-6565
Added: Jun 26
Changed: Nov 6
Last Checked: Nov 9 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,110-square-foot, single-level Cordoba model co-op includes two bedrooms, two bathrooms, a living room, dining area, galley kitchen, and utility closet. The interior features vinyl flooring, large windows, two skylights, updated countertops, painted cabinetry, recessed lighting, and extensive closet storage. A washer and dryer can be installed in the pre-plumbed utility area. The home also offers two private tiled patios, including a gated courtyard patio with partial cover and a second patio adjoining the dining area. Additional features include a carport, public water and sewer, a heat pump, wall furnace, and window or wall/window cooling units.
The property is located within the 55+ Laguna Woods Village community. Resident amenities include two golf courses, seven clubhouses, five swimming pools, four hot pools, three fitness centers, tennis and pickleball courts, an equestrian center, performing arts center, garden centers, and arts and crafts facilities.
The property is located within the 55+ Laguna Woods Village community. Resident amenities include two golf courses, seven clubhouses, five swimming pools, four hot pools, three fitness centers, tennis and pickleball courts, an equestrian center, performing arts center, garden centers, and arts and crafts facilities.
Key Highlights
- 1,110‑square‑foot Cordoba model co‑op with two bedrooms and two bathrooms
- Two oversized tiled patios, including a gated courtyard with partial cover
- Galley kitchen with painted cabinetry, updated countertops, appliances, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,187
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,740
$423.7K
Cap Rate 7%
$302,671
$302.7K
Cap Rate 9%
$235,411
$235.4K
Market Conditions
NOI Build-Up for 1,110 SF
Gross rent
$40.0K $36.00/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$38.5K $34.70/SF
− OpEx
−$17.3K −$15.62/SF
NOI
$21.2K $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%
$423,740
Cap Rate 7%
$302,671
Cap Rate 9%
$235,411
Alternative Uses
Best Use
Apartment 5plus
$302.7K
$264.8K – $353.1K
NOI $21,187 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.8K
$326.2K – $435.0K
NOI $26,098 @ 7.0% cap · market cap 5.38%
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
2,560
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
$364,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Orange County, CA
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level Cordoba co-op with two patios, updated kitchen finishes, generous storage, and access to Laguna Woods Village amenities.
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 $485,000.
What are key features of this property?
This property features: 1,110‑square‑foot Cordoba model co‑op with two bedrooms and two bathrooms; Two oversized tiled patios, including a gated courtyard with partial cover; Galley kitchen with painted cabinetry, updated countertops, appliances, and recessed lighting
