End-Unit Residential Income
For Sale
$419,000
218 Avenida Majorca, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,020 SF
Price / SF$410.78
Days on Market49
Property Features for 218 Avenida Majorca
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Laundry Room, Bathroom 1, Bedroom 2
Parking features
Carport, Guest, Covered
Spa
1
Window features
Screens, Skylight(s), Blinds, Double Pane Windows
Interior features
Crown Molding, Ceiling Fan(s), Pantry, Recessed Lighting, Open Floorplan, Tile Counters
Appliances
Disposal, Refrigerator, 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
From Avenida Majorca, turn into CDS 53
Standard status
Active
Size
1,020 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Ductless (Heating), Heat Pump (Heating), Zoned
Cooling system
Zoned, Heat Pump, Ductless, Electric
Water source
Public
Amenities
carport
guest parking
greenbelt
front patio
27-hole championship golf
9-hole executive par-3 course
pickleball
tennis
lawn bowling
fitness centers
pools
clubhouses
equestrian facilities
gardening centers
art studios
impressive woodshop
computer workrooms and classes
more than 200 clubs and organizations
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Laminate, Carpet, Tile
Architectural style
Cottage
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Sep 10
Changed: Oct 28
Last Checked: Oct 28 at 5:06PM
MLS# OC26200041
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 1,020-square-foot end-unit co-op cottage, built in 1965, provides single-level living with no interior steps. The home includes two bedrooms, one bathroom, an open kitchen with upgraded cabinetry and an island, an enclosed atrium with two opening skylights, and a den or guest room. Additional features include dual-pane windows, laminate and tile flooring, recessed lighting, plantation shutters, a walk-in shower, a separate soaking tub, and a full-size stackable washer/dryer. Zoned mini-split heating and cooling supports the living area and primary bedroom.
The property is near Gate 2 within Laguna Woods Village, with access to a carport, guest parking, and a greenbelt. The 55+ community includes golf facilities, pickleball and tennis courts, pools, fitness centers, clubhouses, equestrian facilities, gardening centers, art studios, workrooms, classes, and more than 200 clubs and organizations. Public water and sewer serve the property.
The property is near Gate 2 within Laguna Woods Village, with access to a carport, guest parking, and a greenbelt. The 55+ community includes golf facilities, pickleball and tennis courts, pools, fitness centers, clubhouses, equestrian facilities, gardening centers, art studios, workrooms, classes, and more than 200 clubs and organizations. Public water and sewer serve the property.
Key Highlights
- 1,020‑square‑foot end‑unit co‑op cottage with single‑level living
- Two bedrooms, one bathroom, and an enclosed atrium with two opening skylights
- Remodeled open kitchen with upgraded cabinetry, recessed lighting, and island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,469
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,380
$389.4K
Cap Rate 7%
$278,129
$278.1K
Cap Rate 9%
$216,322
$216.3K
Market Conditions
NOI Build-Up for 1,020 SF
Gross rent
$36.7K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$35.4K $34.70/SF
− OpEx
−$15.9K −$15.62/SF
NOI
$19.5K $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%
$389,380
Cap Rate 7%
$278,129
Cap Rate 9%
$216,322
Alternative Uses
Best Use
Apartment 5plus
$278.1K
$243.4K – $324.5K
NOI $19,469 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.6K
$299.8K – $399.7K
NOI $23,982 @ 7.0% cap · market cap 5.72%
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
2,125
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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Frequently Asked Questions
What type of property is this?
Residential income property - Updated cottage offers one-level living with a remodeled kitchen, enclosed atrium, and ductless HVAC.
Where is this residential income property located?
The property is located at 218 Avenida Majorca Laguna Woods, CA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 1,020‑square‑foot end‑unit co‑op cottage with single‑level living; Two bedrooms, one bathroom, and an enclosed atrium with two opening skylights; Remodeled open kitchen with upgraded cabinetry, recessed lighting, and island
