Bungalow Co-op Home with
For Sale
$229,000
2189 Via Mariposa E, Laguna Woods, CA 92637
MULTI_FAMILY - Bungalow - Laguna Woods, CA
Property Size675 SF
Lot Size0.02 Acres
Price / SF$339.26
Days on Market61
Property Features for 2189 Via Mariposa E
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Laundry Room, Kitchen, Bathroom 1
Parking
1
Parking features
Assigned, Carport
Spa
1
Window features
Plantation Shutters
Patio and Porch features
Patio
Interior features
Laminate Counters, Unfurnished, Ceiling Fan(s)
Appliances
Disposal, Electric Water Heater, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Free-Standing Range, Electric Range
Subdivision
Leisure World (LW)
Lot features
Walkstreet, Sprinkler System
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter in through gate 5 off El Toro Rd. Turn right on Via Mariposa East. Follow down and the home will be on the left.
Standard status
Active
Size
675 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$859 Monthly
Utilities
Utilities
Phone Available
Heating system
Radiant, Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
front patio
heat pump
plantation shutters
Building Details
Year built
1968
Floors in Building
1
Number of units
12
Flooring type
Vinyl, Wood
Building materials
Stucco, Drywall Walls
Architectural style
Bungalow
Listing Agency:
HomeSmart, Evergreen Realty
(949) 365-1888
Listed By:
Trace Donaldson · License #01957958
(949) 357-3566
Added: Jun 2
Changed: Jul 31
Last Checked: Aug 1 at 2:06PM
MLS# OC26119019
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.
One-bedroom, one-bath bungalow co-op home on Via Mariposa E with a 675 SF interior and 0.0218 acres lot. The home includes a large front patio, LVT wood floors, white walls, and brand new laminate counters in the kitchen. The bathroom features a large vanity, a taller toilet, and a tub shower, with plantation shutters on the windows. A through-wall heat pump provides year-round heating and cooling.
As a co-op home, the appliances are owned and maintained by the HOA. Kitchen appliances include a refrigerator, self-cleaning oven, electric range, disposal, and vented exhaust fan, plus an electric water heater. The home also includes a laundry room and ceiling fans. Parking features include a carport and assigned parking, with street parking available right in front of the home.
Built in 1968, the home has stucco and drywall construction and uses public water. A phone line is available, and the property includes a spa.
As a co-op home, the appliances are owned and maintained by the HOA. Kitchen appliances include a refrigerator, self-cleaning oven, electric range, disposal, and vented exhaust fan, plus an electric water heater. The home also includes a laundry room and ceiling fans. Parking features include a carport and assigned parking, with street parking available right in front of the home.
Built in 1968, the home has stucco and drywall construction and uses public water. A phone line is available, and the property includes a spa.
Key Highlights
- 675 SF one‑bedroom, one‑bath bungalow co‑op home
- Large front patio for entertaining and pet‑friendly use
- Through‑wall heat pump provides heating and cooling
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 | $24.3k | $36.00 |
| − Vacancy | −$875 | −$1.30 |
| EGI | $23.4k | $34.70 |
| − OpEx | −$10.5k | −$15.62 |
| NOI | $12.9k | $19.09 |
675 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$184.1K
$161.1K – $214.7K
NOI $12,884 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$226.7K
$198.4K – $264.5K
NOI $15,870 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,399
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 - One-bedroom, one-bath bungalow co-op home featuring a large front patio and heat pump heating and cooling.
Where is this residential income property located?
The property is located at 2189 Via Mariposa E Laguna Woods, CA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 675 SF one‑bedroom, one‑bath bungalow co‑op home; Large front patio for entertaining and pet‑friendly use; Through‑wall heat pump provides heating and cooling
