Casa Vista Model with
For Sale
$420,000
3108 Via Serena South #O Laguna, Laguna Woods, CA 92637
Laguna Woods condo with treetop and mountain views.
Property Size1,080 SF
Price / SF$388.89
Days on Market356
Property Features for 3108 Via Serena South #O Laguna
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Condominium
Amenities
Fireplace
Security System
Heat Pump
Dishwasher
Electric Cooktop
Electric Oven
Electric Water Heater
Disposal
Microwave
Refrigerator
Water Heater
Dryer
Washer
Cable Connected, Electricity Connected, Natural Gas Not Available, Sewer Connected, Water Connected, Composition, Common Roof, Tile
Building Details
Building Size
1,080 SF
Year Built
1972
Stories
2
Listing Agency:
Adashun Jones Real Estate
(949) 648-0329
Listed By:
Jennifer Heflin · License #91833299
(949) 648-0329
Source:
Kw
Added: Aug 23, 2025
Changed: Aug 8
Last Checked: Aug 13 at 5:08PM
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 Adashun Jones Real Estate
Investment Insights
Based on property information with market context.
This "CASA VISTA" model offers panoramic treetop and mountain views. Located in Laguna Woods, this end unit features in-unit laundry and is situated above an expansive greenbelt. The layout includes no stairs and no one above. Sliding glass doors in the living room open to an extra-long covered balcony. The kitchen offers abundant cabinetry, solid custom surface counters, a breakfast and serving bar, and a full suite of appliances including a cooktop, wall oven, microwave, dishwasher, and a side-by-side refrigerator. Both bedrooms are generous. The primary suite features a large walk-in closet and an ensuite bath. The guest bedroom opens directly to the balcony. The hall bath provides a convenient step-in shower and a stacked washer and dryer. Additional features include multiple ceiling fans, wall AC units, neutral finishes, and storage. Residents have access to amenities including 27-hole championship golf courses or the 9-hole executive par three courses, tennis, paddle tennis, lawn bowling, two fitness centers, seven clubhouses, five swimming pools, an equestrian center, gardening opportunities, an art studio, and a woodshop. Over 200 clubs and organizations are available, along with free bus transportation, nearby shopping, and bus trips. An economical RV storage area is also available. The property is approximately 6 miles from Laguna Beach.
Key Highlights
- Panoramic treetop and mountain views from an extra‑long covered balcony.
- Single‑level 'Casa Vista' model with no stairs, no neighbors above, and an end unit location.
- In‑unit laundry with stacked washer and dryer.
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
$20,614
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
4.91%
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%
$412,280
$412.3K
Cap Rate 7%
$294,486
$294.5K
Cap Rate 9%
$229,044
$229.0K
Market Conditions
NOI Build-Up for 1,080 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
$38.9K $36.00/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$37.5K $34.70/SF
− OpEx
−$16.9K −$15.62/SF
NOI
$20.6K $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%
$412,280
Cap Rate 7%
$294,486
Cap Rate 9%
$229,044
Alternative Uses
Best Use
Apartment 5plus
$294.5K
$257.7K – $343.6K
NOI $20,614 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.8K
$317.4K – $423.2K
NOI $25,393 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,422
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Laguna Woods condo with treetop and mountain views.
Where is this apartment building located?
The property is located at 3108 Via Serena South #O Laguna Laguna Woods, CA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Panoramic treetop and mountain views from an extra‑long covered balcony.; Single‑level 'Casa Vista' model with no stairs, no neighbors above, and an end unit location.; In‑unit laundry with stacked washer and dryer.
