Lower-Level Cooperative
256 Calle Aragon, Laguna Woods, CA 92637
For Sale
$269,000
Laguna Woods, CA
Property Size1,040 SF
Price / SF$258.65
Days on Market11
Property Features for 256 Calle Aragon
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Spa
Window features
Pool private
Interior features
Appliances
Subdivision
View
Elementary school district
Middle school district
High school district
Directions
Standard status
Size
Taxes and HOA fees
HOA Fee
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
in-unit washer/dryer
covered, tiled patio
27-hole championship golf course
9-hole executive par-3 course
pickleball
tennis
lawn bowling
fitness centers
swimming pools
clubhouses
equestrian facilities
garden centers
art studios
woodshop
computer workrooms
Building Details
Year built
Floors in Building
Number of units
Flooring type
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 7 at 1:06AM
MLS# OC26234819
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 1,040-square-foot Majorca co-op, built in 1965, has two bedrooms and two bathrooms on a lower level with step-free access. The living room opens through a dual-pane sliding door to a covered, tiled patio facing east. The kitchen and baths retain their original components, and the unit includes a washer and dryer, added closet storage, and a window in the primary bedroom. The primary bath has a tub-and-shower combination; the guest bath has a walk-in shower. Vinyl and carpet flooring, Formica counters, and electric appliances complete the interior.
The home is in Laguna Woods Village, a 55+ community with access to Gate 1 and Clubhouse 1. Community facilities and activities include golf courses, tennis and pickleball, fitness centers, pools, clubhouses, equestrian facilities, garden centers, art studios, and more than 200 clubs and organizations.
The home is in Laguna Woods Village, a 55+ community with access to Gate 1 and Clubhouse 1. Community facilities and activities include golf courses, tennis and pickleball, fitness centers, pools, clubhouses, equestrian facilities, garden centers, art studios, and more than 200 clubs and organizations.
Key Highlights
- 1,040‑square‑foot co‑op with two bedrooms and two bathrooms
- Built in 1965; lower‑level home has no steps
- East‑facing covered patio with tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,851
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
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
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 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 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 9.09%
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
1,878
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
$364,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Orange County, CA
Properties on Market for Residential income properties in Orange County
Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, two baths, and an east-facing covered patio define this single-level home.
Where is this residential income property located?
The property is located at 256 Calle Aragon Laguna Woods, CA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 1,040‑square‑foot co‑op with two bedrooms and two bathrooms; Built in 1965; lower‑level home has no steps; East‑facing covered patio with tile flooring
