Remodeled Cottage Residential Income
For Sale
$559,000
2159 Via Mariposa E, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,080 SF
Price / SF$517.59
Days on Market78
Property Features for 2159 Via Mariposa E
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Laundry Room, Bedroom 2, Den, Bathroom 1, Bathroom 2, Bedroom 1
Parking
1
Parking features
Carport, Covered, Assigned
Spa
1
Window features
Plantation Shutters, Skylight(s), Double Pane Windows, Screens
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Recessed Lighting, Open Floorplan, Stone Counters, Granite Counters
Appliances
Electric Cooktop, Water Line to Refrigerator, Ice Maker, Refrigerator, Electric Range, Disposal, Dishwasher, Microwave
Subdivision
Leisure World (LW)
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
From Via Mariposa turn into CDS 208 or Via Puerta turn into CDS 215
Standard status
Active
Size
1,080 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Forced Air, Electric (Heating), Central
Cooling system
Heat Pump, Electric, Central Air
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Number of units
1
Flooring type
Carpet, Wood
Architectural style
Cottage
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Aug 3
Changed: Oct 18
Last Checked: Oct 19 at 7:06AM
MLS# OC26171459
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 1,080-square-foot cottage-style co-op, built in 1968, has been substantially remodeled with an open kitchen, granite countertops, wood cabinetry, stainless appliances, recessed lighting, and a tiled backsplash. The floor plan includes two bedrooms, two bathrooms, living and dining areas, an enclosed atrium, and a hallway laundry closet with a full-size washer and dryer. Five skylights, Solatubes, smooth ceilings, crown molding, laminate flooring, plantation shutters, and organized closets add detail throughout the home.
Outdoor features include a southeast-facing patio, a tiled front patio, an exterior storage closet, and adjusted block-wall and wrought-iron elements that open views toward the greenbelt. The residence includes central electric HVAC, public water and sewer, assigned covered carport parking, and access to a spa. It is located within Laguna Woods Village, near Gates 5 and 6 and Clubhouse 4, with the source information describing the community as a 55+ setting.
Outdoor features include a southeast-facing patio, a tiled front patio, an exterior storage closet, and adjusted block-wall and wrought-iron elements that open views toward the greenbelt. The residence includes central electric HVAC, public water and sewer, assigned covered carport parking, and access to a spa. It is located within Laguna Woods Village, near Gates 5 and 6 and Clubhouse 4, with the source information describing the community as a 55+ setting.
Key Highlights
- 1,080‑square‑foot cottage‑style co‑op built in 1968
- Two‑bedroom, two‑bath floor plan with enclosed atrium
- Remodeled open kitchen with granite counters and stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,614
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,280
$412.3K
Cap Rate 7%
$294,486
$294.5K
Cap Rate 9%
$229,044
$229.0K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$38.9K $36.00/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$37.5K $34.70/SF
− OpEx
−$16.9K −$15.62/SF
NOI
$20.6K $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%
$412,280
Cap Rate 7%
$294,486
Cap Rate 9%
$229,044
Alternative Uses
Best Use
Apartment 5plus
$294.5K
$257.7K – $343.6K
NOI $20,614 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.8K
$317.4K – $423.2K
NOI $25,393 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated co-op residence with open kitchen, enclosed atrium, two bathrooms, central HVAC, and private patio areas.
Where is this residential income property located?
The property is located at 2159 Via Mariposa E Laguna Woods, CA.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 1,080‑square‑foot cottage‑style co‑op built in 1968; Two‑bedroom, two‑bath floor plan with enclosed atrium; Remodeled open kitchen with granite counters and stainless appliances
