First-Floor Contemporary Residential Income
New
For Sale
$318,000
328 Avenida Carmel, Laguna Woods, CA 92637
MULTI_FAMILY - Contemporary - Laguna Woods, CA
Property Size1,040 SF
Price / SF$305.77
Days on Market6
Property Features for 328 Avenida Carmel
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 2, Kitchen, Bathroom 1, Bedroom 2, Bedroom 1, Laundry Room
Parking
1
Parking features
Carport
Spa
1
Window features
Screens
Interior features
Unfurnished, Ceiling Fan(s), Formica Counters
Appliances
Disposal, Electric Water Heater, Refrigerator, Vented Exhaust Fan, Electric Oven, Electric Cooktop
Subdivision
Leisure World (LW)
Lot features
Sprinklers In Front, Sprinklers In Rear
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
El Toro Rd to Gate 1/Avenida Sevilla, Turn Right on Avenida Carmel or Park in front of 329 and 328 building on Avenida Sevilla.
Standard status
Active
Size
1,040 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Radiant
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
covered patio
in-unit washer and dryer
golf course
tennis and pickleball
fitness centers
multiple pools
equestrian center
community gardens
art studio
world-class woodshop
over 200 clubs
free community bus
economical RV storage
guard gated security
Building Details
Year built
1965
Floors in Building
1
Number of units
8
Flooring type
Tile, Vinyl
Building materials
Drywall Walls
Architectural style
Contemporary
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Claire Craig · License #01372644
(858) 204-2279
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 12 at 1:06AM
MLS# OC26173759
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 1,040-square-foot contemporary residence provides first-floor, single-level living with two bedrooms and two bathrooms. Fresh paint, wood-look flooring, generous closets, and a spacious living room create a practical interior layout. The living area extends to a covered patio bordered by mature landscaping. The adjacent dining area connects to a naturally bright kitchen equipped with white cabinetry, Formica counters, an electric oven, electric cooktop, refrigerator, disposal, and an in-unit stacked washer and dryer. One bathroom includes a remodeled walk-in shower with floor-to-ceiling tile, built-in niche, handheld shower, grab bars, and a fold-down seat.
The property includes a carport, public water, and public sewer. It was built in 1965 and is located within Laguna Woods Village, an active senior community. The first occupant must be 55 or older, while a second occupant may be 45 or older. Community amenities include golf courses, tennis and pickleball courts, fitness centers, pools, an equestrian center, community gardens, art and woodworking facilities, more than 200 clubs, a community bus, RV storage, and guard-gated security.
The property includes a carport, public water, and public sewer. It was built in 1965 and is located within Laguna Woods Village, an active senior community. The first occupant must be 55 or older, while a second occupant may be 45 or older. Community amenities include golf courses, tennis and pickleball courts, fitness centers, pools, an equestrian center, community gardens, art and woodworking facilities, more than 200 clubs, a community bus, RV storage, and guard-gated security.
Key Highlights
- 1,040 SF first‑floor residence with a single‑level layout
- Two bedrooms and two bathrooms
- Covered patio adjoining the living room
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
$19,851
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
6.24%
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%
$397,020
$397.0K
Cap Rate 7%
$283,586
$283.6K
Cap Rate 9%
$220,567
$220.6K
Market Conditions
NOI Build-Up for 1,040 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
$37.4K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$36.1K $34.70/SF
− OpEx
−$16.2K −$15.62/SF
NOI
$19.9K $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%
$397,020
Cap Rate 7%
$283,586
Cap Rate 9%
$220,567
Alternative Uses
Best Use
Apartment 5plus
$283.6K
$248.1K – $330.9K
NOI $19,851 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 7.69%
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
1,874
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Single-level layout includes two bedrooms, two baths, and a covered patio.
Where is this residential income property located?
The property is located at 328 Avenida Carmel Laguna Woods, CA.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: 1,040 SF first‑floor residence with a single‑level layout; Two bedrooms and two bathrooms; Covered patio adjoining the living room
