Residential Income Property with
For Sale
$310,000
225 Avenida Majorca, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,040 SF
Price / SF$298.08
Days on Market451
Property Features for 225 Avenida Majorca
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Kitchen, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking
1
Parking features
Carport, Covered
Spa
1
Patio and Porch features
Patio
Interior features
Balcony, Living Room Balcony, Storage, Formica Counters
Exterior features
Awning(s)
Appliances
Disposal, Built-In Range, Refrigerator, Freezer, Electric Cooktop
Subdivision
Leisure World (LW)
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter through Gate 3, right on Avenida Majorca, 225 is on the left.
Standard status
Active
Size
1,040 SF
Taxes and HOA fees
HOA Fee
$819 Monthly
Utilities
Utilities
Cable Available
Sewer type
Private Sewer
Heating system
Central
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
in-unit laundry
private covered balcony
golf
tennis
pickleball
swimming pools
fitness centers
equestrian facilities
clubhouses
classes
clubs
social activities
Building Details
Year built
1964
Floors in Building
1
Number of units
8
Flooring type
Laminate
Additional Structures
Storage
Listing Agency:
Anvil Real Estate
(949) 776-1185
Listed By:
Jade Larney · License #02241676
(949) 995-5233
Added: Jun 12, 2025
Changed: Sep 2
Last Checked: Sep 5 at 1:06AM
MLS# OC25132245
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.
This upper-level residential income property in Laguna Woods Village offers 1,040 square feet with two bedrooms and two bathrooms. The floor plan includes an open living and dining area, a kitchen with a skylight, a second skylight in the guest bathroom, in-unit laundry, laminate flooring, and central heating. A covered balcony provides outdoor space, while the dedicated covered carport includes storage. Cooling is provided by window or wall units, and the home has a public water supply and private sewer.
Built in 1964, the property includes a refrigerator, freezer, built-in range, electric cooktop, disposal, Formica counters, and an awning. Laguna Woods Village amenities include golf, tennis, pickleball, swimming pools, fitness centers, equestrian facilities, clubhouses, classes, clubs, and social activities. The property is in Laguna Woods, Orange County, near Laguna Beach, Irvine, Mission Viejo, shopping, dining, healthcare, and major freeways.
Built in 1964, the property includes a refrigerator, freezer, built-in range, electric cooktop, disposal, Formica counters, and an awning. Laguna Woods Village amenities include golf, tennis, pickleball, swimming pools, fitness centers, equestrian facilities, clubhouses, classes, clubs, and social activities. The property is in Laguna Woods, Orange County, near Laguna Beach, Irvine, Mission Viejo, shopping, dining, healthcare, and major freeways.
Key Highlights
- 1,040‑square‑foot upper‑level home with 2 bedrooms and 2 bathrooms
- Private covered balcony plus patio and awning
- Dedicated covered carport with storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,851
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$397,020
$397.0K
Cap Rate 7%
$283,586
$283.6K
Cap Rate 9%
$220,567
$220.6K
Market Conditions
NOI Build-Up for 1,040 SF
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.
Gross rent
$37.4K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$36.1K $34.70/SF
− OpEx
−$16.2K −$15.62/SF
NOI
$19.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$397,020
Cap Rate 7%
$283,586
Cap Rate 9%
$220,567
Alternative Uses
Best Use
Apartment 5plus
$283.6K
$248.1K – $330.9K
NOI $19,851 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,125
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level two-bedroom residence with skylights, in-unit laundry, covered parking, and access to Laguna Woods Village amenities.
Where is this residential income property located?
The property is located at 225 Avenida Majorca Laguna Woods, CA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,040‑square‑foot upper‑level home with 2 bedrooms and 2 bathrooms; Private covered balcony plus patio and awning; Dedicated covered carport with storage
