Multi-Family
312 Avenida Castilla Laguna Woods, CA 92637
312 Avenida Castilla, Laguna Woods, CA, 92637
$649,900
For Sale
$649,900
MULTI_FAMILY - Cottage - Laguna Woods, CA
Property Size1,400 SF
Price / SF$464.21
Days on Market9
Property Features for 312 Avenida Castilla
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Laundry Room, Kitchen, Bathroom 2, Bedroom 2
- Parking
- 1
- Parking features
- Carport
- Spa
- 1
- Window features
- Skylight(s)
- Patio and Porch features
- Porch, Patio
- Interior features
- Ceiling Fan(s), Pantry, Open Floorplan
- Appliances
- Electric Water Heater, Microwave, Refrigerator, Electric Oven, Dishwasher, Electric Cooktop
- Standard status
- Active
- Size
- 1,400 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Vinyl
- Building materials
- Stucco
- Architectural style
- Cottage
Listing Agency
CENTURY 21 Affiliated
(949) 551-7000
100 Pacifica Suite 270, Irvine, CA
Listed by
Jennifer Falconer · License #01276852
(949) 278-1630
Added: Jul 8 Checked: Jul 16 at 3:06 pm
MLS# OC26149991
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 residential income cottage is listed for sale and totals 1,400 square feet of living space. The property is categorized as a multi-family/residential income asset.
The address is 312 Avenida Castilla in Laguna Woods, California 92637, in Orange County.
As a cottage-style multi-family offering, it presents a straightforward residential income configuration based on the provided property type and total size.
The address is 312 Avenida Castilla in Laguna Woods, California 92637, in Orange County.
As a cottage-style multi-family offering, it presents a straightforward residential income configuration based on the provided property type and total size.
Key Highlights
- Cottage‑style home built in 1965 with stucco construction
- Open floorplan with tile and vinyl flooring
- Central heating and central air conditioning
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.4k | $36.00 |
| − Vacancy | −$1.8k | −$1.30 |
| EGI | $48.6k | $34.70 |
| − OpEx | −$21.9k | −$15.62 |
| NOI | $26.7k | $19.09 |
1,400 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$381.7K
$334.0K – $445.4K
NOI $26,722 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.2K
$411.5K – $548.6K
NOI $32,916 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - For sale residential income cottage offering 1,400 square feet of living space.
Where is this single family property located?
The property is located at 312 Avenida Castilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Cottage‑style home built in 1965 with stucco construction; Open floorplan with tile and vinyl flooring; Central heating and central air conditioning
