Laguna Hills 2-Bedroom
26532 Merienda #5 Laguna, Aliso Viejo, CA 92656
For Sale
$710,000
Modern 2-bedroom, 2-bathroom condominium with community amenities and convenient location.
Property Size1,160 SF
Days on Market446
Property Features for 26532 Merienda #5 Laguna
General Information
Standard status
Size
Property subtype
Amenities
Fireplace
Central Air
Central
Dishwasher
Disposal
Gas Range
Microwave
Refrigerator
Water Heater
Dryer
Washer
Deck, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building Details
Building Size
Year Built
Stories
Listing Agency:
Coldwell Banker Realty
Listed By:
Neda Ghazvini
(626) 893-5684
Source:
Kw
Added: Aug 21, 2025
Changed: Nov 6
Last Checked: Nov 8 at 9:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1,160 sq. ft. condominium in Laguna Hills features 2 bedrooms and 2 bathrooms, offering a blend of modern comfort and functionality. The primary suite accommodates a king-sized bed and includes a stylish en-suite bathroom with modern fixtures. The second bedroom is versatile, suitable as a guest room, home office, or personal retreat. The open-concept living and dining area is filled with natural light, leading to an expansive balcony. The kitchen includes essential appliances and ample counter space. Additional features include a detached 1-car garage and a second community parking permit. The Briosa Community provides resort-style amenities such as a pool, jacuzzi, children’s park, and scenic walking trails. The property was re-piped in 2018. Water and trash services are included in HOA dues. The location provides convenient access to shopping, the 73 and 5 freeways, and the beaches of Laguna Beach and Dana Point.
Key Highlights
- Move‑in ready 2‑bedroom, 2‑bathroom condominium with 1,160 sq. ft.
- Enjoy resort‑style Briosa Community amenities including a pool, jacuzzi, children’s park, and scenic walking trails.
- Spacious primary suite with en‑suite bathroom and generous second bedroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,141
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,820
$442.8K
Cap Rate 7%
$316,300
$316.3K
Cap Rate 9%
$246,011
$246.0K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$41.8K $36.00/SF
− Vacancy
−$1.5K −$1.30/SF
EGI
$40.3K $34.70/SF
− OpEx
−$18.1K −$15.62/SF
NOI
$22.1K $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%
$442,820
Cap Rate 7%
$316,300
Cap Rate 9%
$246,011
Alternative Uses
Best Use
Apartment 5plus
$316.3K
$276.8K – $369.0K
NOI $22,141 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.6K
$340.9K – $454.6K
NOI $27,273 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
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Business Placement
Demographics for 92656, CA
53,473
Population
21,211
Households
2.5
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
6,684
Density / Sq Mi
$134,538
Median Household Income
$72,864
Median Earnings
$2,764
Median Rent
$849,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Orange County, CA
Properties on Market for Apartment buildings in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Modern 2-bedroom, 2-bathroom condominium with community amenities and convenient location.
Where is this apartment building located?
The property is located at 26532 Merienda #5 Laguna Aliso Viejo, CA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Move‑in ready 2‑bedroom, 2‑bathroom condominium with 1,160 sq. ft.; Enjoy resort‑style Briosa Community amenities including a pool, jacuzzi, children’s park, and scenic walking trails.; Spacious primary suite with en‑suite bathroom and generous second bedroom.
