Single-Level Residential Income
For Sale
$489,000
310 Avenida Castilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,300 SF
Price / SF$376.15
Days on Market50
Property Features for 310 Avenida Castilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Laundry Room, Den, Bathroom 2, Bedroom 2
Parking
1
Parking features
Assigned, Covered, Guest, Carport
Spa
1
Interior features
Recessed Lighting, Formica Counters, Granite Counters
Appliances
Electric Water Heater, Refrigerator, Electric Oven, Dishwasher, 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
From Ave Castilla, turn into CDS 46 OR park on Ave Sevilla right next to the building
Standard status
Active
Size
1,300 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Zoned, Heat Pump (Heating), Electric (Heating)
Cooling system
Electric, Ductless, Heat Pump, Zoned
Water source
Public
Amenities
private front patio
enclosed atrium
golf courses
swimming pools
spas
clubhouses
tennis and pickleball courts
fitness centers
equestrian center
community transportation
gardening centers
performing arts venues
art studios
woodworking facilities
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Architectural style
Cottage
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Aug 23
Changed: Oct 10
Last Checked: Oct 11 at 8:06PM
MLS# OC26186754
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 updated single-level cottage-style residence offers approximately 1,300 square feet of living space, two bedrooms, two bathrooms, and an enclosed atrium suitable for office or den use. Interior improvements include vinyl plank flooring, fresh paint, dual-pane windows, recessed lighting, four Solartubes, three skylights, raised kitchen counters, and a ductless mini-split HVAC system with three zones. The home also includes a new washer and dryer, electric appliances, a covered front patio, storage closet, and assigned covered carport parking.
The property is located within Laguna Woods Village, a 55+ community with two golf courses, five pools and spas, seven clubhouses, tennis and pickleball courts, three fitness centers, an equestrian center, community transportation, RV parking, gardening centers, performance venues, art studios, woodworking facilities, and more than 250 clubs and organizations. Public water and sewer serve the residence, which was built in 1965.
The property is located within Laguna Woods Village, a 55+ community with two golf courses, five pools and spas, seven clubhouses, tennis and pickleball courts, three fitness centers, an equestrian center, community transportation, RV parking, gardening centers, performance venues, art studios, woodworking facilities, and more than 250 clubs and organizations. Public water and sewer serve the residence, which was built in 1965.
Key Highlights
- Approximately 1,300 square feet with two bedrooms and two bathrooms
- Private covered front patio with storage closet and space for outdoor dining
- Enclosed atrium with two skylights for office or den use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,813
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,260
$496.3K
Cap Rate 7%
$354,471
$354.5K
Cap Rate 9%
$275,700
$275.7K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$46.8K $36.00/SF
− Vacancy
−$1.7K −$1.30/SF
EGI
$45.1K $34.70/SF
− OpEx
−$20.3K −$15.62/SF
NOI
$24.8K $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%
$496,260
Cap Rate 7%
$354,471
Cap Rate 9%
$275,700
Alternative Uses
Best Use
Apartment 5plus
$354.5K
$310.2K – $413.6K
NOI $24,813 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.6K
$382.1K – $509.4K
NOI $30,565 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,839
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated cottage-style residence with private covered patio, enclosed atrium, and efficient zoned climate control.
Where is this residential income property located?
The property is located at 310 Avenida Castilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Approximately 1,300 square feet with two bedrooms and two bathrooms; Private covered front patio with storage closet and space for outdoor dining; Enclosed atrium with two skylights for office or den use
