Cottage Quadplex with Gated
For Sale
$390,888
Pending
30 Calle Aragon, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size940 SF
Lot Size0.02 Acres
Days on Market83
Property Features for 30 Calle Aragon
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Laundry Room, Bathroom 1, Living Room, Bedroom 1, Bedroom 2
Parking
1
Parking features
Guest, Carport, Assigned
Spa
1
Window features
Screens, Double Pane Windows
Patio and Porch features
Patio, Porch
Interior features
Storage
Exterior features
Rain Gutters
Appliances
Disposal, Refrigerator, Electric Oven, Freezer, Electric Cooktop
Subdivision
Leisure World (LW)
Lot features
Corner Lot, Cul-De-Sac, Front Yard
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Entering at Gate 1 and take a left at the fist stop sign. Turn right into the first cul-de-sac
Standard status
Pending
Size
940 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
27-hole championship golf course
9-hole executive course
tennis courts
pickleball courts
multiple fitness centers
swimming pools
equestrian center
community gardens
art studios
world-class woodshop
clubs and organizations
free community bus service
RV storage
guard-gated security
Building Details
Year built
1967
Floors in Building
1
Number of units
4
Flooring type
Laminate
Building materials
Wood Siding, Frame, Stucco, Drywall Walls
Roof type
Composition
Architectural style
Cottage
Additional Structures
Storage
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Jennifer Heflin · License #01225015
(949) 648-0329
Added: Jun 2
Changed: Aug 20
Last Checked: Aug 23 at 6:06AM
MLS# OC26122892
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.
Single-level cottage within a multifamily quadplex setup, built in 1967, totaling 940 square feet on a 0.023-acre lot. Interior features include laminate flooring, with vinyl flooring in the kitchen and bathroom, storage, and smooth ceilings. The living room includes a cathedral ceiling, and an atrium with sliding glass doors supports natural light and cross-ventilation. The home is heated and cooled with a heat pump, and newer dual-pane windows help improve energy efficiency. The bathroom includes dual sinks and a modified tub for easier access, with ceramic tile surrounds and vinyl sheet flooring. Recent updates anticipated include approved mutual replacements after closing for new kitchen flooring, countertop, sink, and garbage disposal, plus new primary bathroom flooring and vanity countertop, basin, mirrored medicine cabinet, and dual faucets. The kitchen provides ample cabinetry, raised countertops, and vinyl flooring.
Outside, enjoy a gated front patio with storage and views over a greenbelt and well-maintained walkway. Double doors open to a foyer with convenient storage closets. Parking is available right outside the front door, and the carport is identified as Carport 17, Space 4. The home includes rain gutters, and appliances include disposal, refrigerator, electric oven, freezer, and electric cooktop. Water is public, with a composition roof.
Residents of Laguna Woods Village, a 55+ community, have access to a 27-hole championship golf course, 9-hole executive course, tennis and pickleball courts, multiple fitness centers, swimming pools, an equestrian center, community gardens, art studios, a woodshop, and more than 200 clubs and organizations. Free community bus service, economical RV storage, and guard-gated security are also provided, with Laguna Beach approximately 6 miles away.
Outside, enjoy a gated front patio with storage and views over a greenbelt and well-maintained walkway. Double doors open to a foyer with convenient storage closets. Parking is available right outside the front door, and the carport is identified as Carport 17, Space 4. The home includes rain gutters, and appliances include disposal, refrigerator, electric oven, freezer, and electric cooktop. Water is public, with a composition roof.
Residents of Laguna Woods Village, a 55+ community, have access to a 27-hole championship golf course, 9-hole executive course, tennis and pickleball courts, multiple fitness centers, swimming pools, an equestrian center, community gardens, art studios, a woodshop, and more than 200 clubs and organizations. Free community bus service, economical RV storage, and guard-gated security are also provided, with Laguna Beach approximately 6 miles away.
Key Highlights
- 940 SF single‑level cottage on a 0.023‑acre lot built in 1967
- Gated front patio with storage overlooking a greenbelt and well‑maintained walkway
- Living room cathedral ceiling plus atrium sliding glass doors for natural light
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
$17,942
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
4.59%
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%
$358,840
$358.8K
Cap Rate 7%
$256,314
$256.3K
Cap Rate 9%
$199,356
$199.4K
Market Conditions
NOI Build-Up for 940 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
$33.8K $36.00/SF
− Vacancy
−$1.2K −$1.30/SF
EGI
$32.6K $34.70/SF
− OpEx
−$14.7K −$15.62/SF
NOI
$17.9K $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%
$358,840
Cap Rate 7%
$256,314
Cap Rate 9%
$199,356
Alternative Uses
Best Use
Apartment 5plus
$256.3K
$224.3K – $299.0K
NOI $17,942 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.7K
$276.3K – $368.4K
NOI $22,101 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,908
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?
Single family property - Single-level cottage features a gated front patio overlooking a greenbelt, plus a heat pump and dual-pane windows.
Where is this single family property located?
The property is located at 30 Calle Aragon Laguna Woods, CA.
What is the asking price?
The asking price for this property is $390,888.
What are key features of this property?
This property features: 940 SF single‑level cottage on a 0.023‑acre lot built in 1967; Gated front patio with storage overlooking a greenbelt and well‑maintained walkway; Living room cathedral ceiling plus atrium sliding glass doors for natural light
