Bungalow Residential Income
For Sale
$199,000
Pending
2189 Via Mariposa E, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size675 SF
Lot Size0.02 Acres
Days on Market51
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, Kitchen, Laundry Room, Bathroom 1
Parking
1
Parking features
Assigned, Carport
Spa
1
Window features
Plantation Shutters, Screens
Patio and Porch features
Deck, Patio
Interior features
Laminate Counters, Unfurnished, Living Room Deck Attached
Appliances
Disposal, Electric Water Heater, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Free-Standing Range, Electric Range
Subdivision
Leisure World (LW)
Lot features
Patio Home, Garden, Walkstreet
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter through gate 5 off El Toro Rd. Turn right on Via Mariposa E. Follow down to building 2189 on the left. Park of street in front of home.
Standard status
Pending
Size
675 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$859 Monthly
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump, Electric, Window Unit(s), Wall/Window Unit(s)
Amenities
large front patio
plantation shutters
through wall heat pump
Building Details
Year built
1968
Floors in Building
1
Number of units
8
Building materials
Stucco, Drywall Walls
Architectural style
Bungalow
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Jennifer Heflin · License #01225015
(949) 648-0329
Added: Sep 9
Changed: Oct 28
Last Checked: Oct 29 at 4:06AM
MLS# OC26197971
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 675-square-foot co-op bungalow at 2189 Via Mariposa E offers one bedroom, one bathroom, a kitchen, living room, laundry room, and an attached front patio. Built in 1968, the home features laminate counters, LVT wood flooring, white walls, plantation shutters, and a through-wall heat pump for heating and cooling. The bathroom includes a large vanity, taller toilet, and tub-shower combination. The bedroom accommodates a king-size bed and additional furnishings.
The property includes assigned carport parking, with street parking also available in front of the home. Appliances include a refrigerator, electric range, free-standing range, self-cleaning oven, disposal, electric water heater, and vented exhaust fan. Public sewer service and phone availability are provided.
The property includes assigned carport parking, with street parking also available in front of the home. Appliances include a refrigerator, electric range, free-standing range, self-cleaning oven, disposal, electric water heater, and vented exhaust fan. Public sewer service and phone availability are provided.
Key Highlights
- 675‑square‑foot one‑bedroom, one‑bath co‑op bungalow
- Built in 1968 with a bungalow architectural style
- Attached front patio and deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,884
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,680
$257.7K
Cap Rate 7%
$184,057
$184.1K
Cap Rate 9%
$143,156
$143.2K
Market Conditions
NOI Build-Up for 675 SF
Gross rent
$24.3K $36.00/SF
− Vacancy
−$875 −$1.30/SF
EGI
$23.4K $34.70/SF
− OpEx
−$10.5K −$15.62/SF
NOI
$12.9K $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%
$257,680
Cap Rate 7%
$184,057
Cap Rate 9%
$143,156
Alternative Uses
Best Use
Apartment 5plus
$184.1K
$161.1K – $214.7K
NOI $12,884 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$226.7K
$198.4K – $264.5K
NOI $15,870 @ 7.0% cap · market cap 7.97%
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
2,399
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 - Co-op bungalow with a private patio, assigned carport parking, and HOA-maintained appliances.
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 $199,000.
What are key features of this property?
This property features: 675‑square‑foot one‑bedroom, one‑bath co‑op bungalow; Built in 1968 with a bungalow architectural style; Attached front patio and deck
