Single-Level Residential Income
For Sale
$388,000
341 Avenida Sevilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,040 SF
Lot Size0.02 Acres
Price / SF$373.08
Days on Market11
Property Features for 341 Avenida Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Living Room, Bathroom 1, Laundry Room
Parking
1
Parking features
Guest, Assigned, Carport
Spa
1
Window features
Screens, Double Pane Windows
Patio and Porch features
Porch, Patio
Interior features
Ceiling Fan(s), Storage
Exterior features
Rain Gutters
Appliances
Disposal, Refrigerator, Electric Oven, Freezer, Electric Cooktop
Subdivision
Leisure World (LW)
Lot features
Corner Lot, Cul-De-Sac, Front Yard
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Entering at Gate 1 continue straight to Cul-De-Sac 3. It will be on the right side of the street.
Standard status
Active
Size
1,040 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
carport
storage locker
heat pump
mail delivery
golf course
tennis courts
pickleball courts
fitness centers
swimming pools
equestrian center
community gardens
art studios
woodshop
clubs
community bus service
RV storage
guard-gated security
Building Details
Year built
1965
Floors in Building
1
Number of units
4
Flooring type
Laminate
Building materials
Wood Siding, Frame, Stucco, Drywall Walls
Roof type
Composition
Architectural style
Cottage
Additional Structures
Storage
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Jennifer Heflin · License #01225015
(949) 648-0329
Added: Sep 22
Changed: Oct 1
Last Checked: Oct 2 at 5:06AM
MLS# OC26209554
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 single-level cottage offers 1,040 square feet of living area and was built in 1965. Laminate flooring, a heat pump for heating and cooling, and dual-pane windows are among its features. The atrium has been incorporated into the living area, while the second bedroom is set up as an office or den and can also function as a bedroom. The kitchen includes a refrigerator, freezer, electric oven, electric cooktop, and disposal; a washer and dryer are also present.
The property has a carport, storage locker, and access to nearby guest parking. It is located in Laguna Woods Village, a 55+ community with golf courses, tennis and pickleball courts, fitness centers, pools, and community bus service. The community is approximately 6 miles from Laguna Beach.
The property has a carport, storage locker, and access to nearby guest parking. It is located in Laguna Woods Village, a 55+ community with golf courses, tennis and pickleball courts, fitness centers, pools, and community bus service. The community is approximately 6 miles from Laguna Beach.
Key Highlights
- 1,040 square feet of living area
- Built in 1965
- Converted atrium adds living space
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
5.12%
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 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 6.30%
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 - The 1,040-square-foot cottage includes a converted atrium and a second room that can serve as an office or bedroom.
Where is this residential income property located?
The property is located at 341 Avenida Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $388,000.
What are key features of this property?
This property features: 1,040 square feet of living area; Built in 1965; Converted atrium adds living space
