Residential Income Property with
281 Avenida Carmel, Laguna Woods, CA 92637
For Sale
New
Contact for pricing
Laguna Woods, CA
Property Size770 SF
Price / SF$3.25
Days on Market2
Property Features for 281 Avenida Carmel
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Spa
Patio and Porch features
Appliances
Subdivision
Lot features
View
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
golf courses
swimming pools
spas
tennis courts
pickleball courts
clubhouses
fitness centers
equestrian center
community transportation
RV parking
gardening centers
Building Details
Year built
Floors in Building
Number of units
Flooring type
Additional Structures
Listing Agency:
HomeSmart, Evergreen Realty
(949) 753-7888
Listed By:
Shawn Mcadam · License #02114187
(949) 942-9690
Added: Nov 6
Last Checked: Nov 7 at 1:06AM
MLS# OC26230964
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 770-square-foot residence, built in 1965, has one bedroom and one bathroom, along with a patio and assigned carport parking. Recent interior work includes laminate flooring, fresh paint, new baseboards, and updates to the kitchen and bathroom. The unit is equipped with a heat pump for heating and cooling, and cable service is available.
The home is near Clubhouse 1, Gate 1, and a hiking trail. The 55+ community offers golf courses, five pools and spas, tennis and pickleball courts, seven clubhouses, three fitness centers, community transportation, and more than 250 clubs and activities.
The home is near Clubhouse 1, Gate 1, and a hiking trail. The 55+ community offers golf courses, five pools and spas, tennis and pickleball courts, seven clubhouses, three fitness centers, community transportation, and more than 250 clubs and activities.
Key Highlights
- 770‑square‑foot, one‑bedroom, one‑bathroom residence
- Assigned carport parking and patio
- Interior updates include laminate flooring, paint, and new baseboards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,697
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,940
$293.9K
Cap Rate 7%
$209,957
$210.0K
Cap Rate 9%
$163,300
$163.3K
Market Conditions
NOI Build-Up for 770 SF
Gross rent
$27.7K $36.00/SF
− Vacancy
−$998 −$1.30/SF
EGI
$26.7K $34.70/SF
− OpEx
−$12.0K −$15.62/SF
NOI
$14.7K $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%
$293,940
Cap Rate 7%
$209,957
Cap Rate 9%
$163,300
Alternative Uses
Best Use
Apartment 5plus
$210.0K
$183.7K – $245.0K
NOI $14,697 @ 7.0% cap · market cap 587.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.6K
$226.3K – $301.7K
NOI $18,104 @ 7.0% cap · market cap 724.16%
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
2,437
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 - The 770-square-foot residence includes one bedroom, one bathroom, and assigned carport parking.
Where is this residential income property located?
The property is located at 281 Avenida Carmel Laguna Woods, CA.
What are key features of this property?
This property features: 770‑square‑foot, one‑bedroom, one‑bathroom residence; Assigned carport parking and patio; Interior updates include laminate flooring, paint, and new baseboards
