Updated Residential Income
For Sale
Under Contract
$335,000
328 Avenida Carmel, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,040 SF
Price / SF$322.12
Days on Market52
Property Features for 328 Avenida Carmel
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Laundry Room, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Kitchen
Parking
1
Parking features
Carport, Guest
Spa
1
Window features
Screens, Double Pane Windows
Appliances
Disposal, Electric Water Heater, Refrigerator, Electric Oven, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter Gate 1 (El Toro Rd.), Building faces Avenida Sevilla - Building will be on the right, park on street right in front of the building.
Standard status
Active Under Contract
APN
11111112
Size
1,040 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Heating system
Ductless (Heating), Zoned
Cooling system
Zoned, Ductless
Water source
Public
Amenities
patio
carport
mini-split units
pool
gym
golf courses
clubhouses
tennis courts
pickle ball courts
stables
fare-free bus service
lawn bowling
24 hr. security
guarded gates
basic cable
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Tile, Carpet
Building materials
Stucco
Listing Agency:
Village Real Estate Services
(949) 215-1101
Listed By:
Marlene Bridges · License #01232928
(714) 745-2592
Added: Sep 8
Changed: Oct 28
Last Checked: Oct 29 at 4:06AM
MLS# PW26196813
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.
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Investment Insights
Based on property information with market context.
This 1,040-square-foot residential income property was built in 1965 and features an updated kitchen and two bathrooms. The interior includes smooth ceilings, crown molding, fresh neutral paint, laminate and ceramic tile in the kitchen, bathrooms, and traffic areas, plus carpet elsewhere. Three mini-split units provide ductless heating and cooling, with one serving the living room and one in each bedroom. The layout includes two bedrooms, two bathrooms, a kitchen, and a laundry room. Appliances include a refrigerator, electric oven, electric cooktop, dishwasher, disposal, and electric water heater.
The property offers parking directly in front, a separate carport, a patio, public water, and stucco construction. It is located in Laguna Woods Village, an active senior community for residents 55 and older, approximately 6 miles from Laguna Beach. Community amenities include two golf courses, seven clubhouses, two gyms, five swimming pools, tennis and pickleball courts, stables, lawn bowling, fare-free bus service, more than 200 clubs, and guarded gates with 24-hour security.
The property offers parking directly in front, a separate carport, a patio, public water, and stucco construction. It is located in Laguna Woods Village, an active senior community for residents 55 and older, approximately 6 miles from Laguna Beach. Community amenities include two golf courses, seven clubhouses, two gyms, five swimming pools, tennis and pickleball courts, stables, lawn bowling, fare-free bus service, more than 200 clubs, and guarded gates with 24-hour security.
Key Highlights
- 1,040‑square‑foot property built in 1965
- Updated kitchen and two bathrooms
- Three mini‑split units: one in the living room and one in each bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,851
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
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
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 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 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,437
Businesses Nearby
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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 kitchen and bathrooms, three ductless units, and access to Laguna Woods Village amenities for residents 55 and older.
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 $335,000.
What are key features of this property?
This property features: 1,040‑square‑foot property built in 1965; Updated kitchen and two bathrooms; Three mini‑split units: one in the living room and one in each bedroom
