Two-Bedroom Residential Income
356 Avenida Castilla Laguna Woods, CA 92637
New
356 Avenida Castilla, Laguna Woods, CA, 92637
$524,000
For Sale
$524,000
MULTI_FAMILY - Laguna Woods, CA
Property Size1,091 SF
Lot Size0.03 Acres
Price / SF$480.29
Days on Market2
Property Features for 356 Avenida Castilla
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Laundry Room, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
- Parking
- 1
- Parking features
- Guest, Carport
- Spa
- 1
- Appliances
- Disposal, Refrigerator, Vented Exhaust Fan, Electric Oven, Electric Cooktop
- Standard status
- Active
- Size
- 1,091 SF
- Lot size
- 0.03 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating), Heat Pump (Heating)
- Cooling system
- Window Unit(s), Heat Pump, Ductless, Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 4
Listing Agency
Surterre Properties Inc
(949) 545-2000
34183 PACIFIC COAST HWY STE B, Newport Beach, CA
Listed by
Dave Dyssegard · License #01895099
(949) 315-1206
Added: Jul 17 Checked: Jul 18 at 1:06 am
MLS# OC26156859
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 two-bedroom, two-bath residential income home features vaulted ceilings that open up the main living space with abundant natural light. One bedroom and bathroom are conveniently located on the main level, while the private upstairs bedroom and bath provide separation for guests or added privacy. Tile flooring runs through the main living area, and the home includes both a front patio and a private upstairs patio.
Set in a peaceful setting, the outdoor areas look out over a lush greenbelt, with expansive grassy areas just outside the home. As a resident of Laguna Woods Village, you’ll have access to multiple amenities including a 27-hole championship golf course, a 9-hole executive golf course, five swimming pools, fitness centers, tennis and pickleball courts, several clubhouses, an equestrian center, a performing arts theater, and scenic walking trails, along with 24-hour gated security.
The property is offered for sale as part of the Laguna Woods Village community and is configured around a comfortable indoor-outdoor layout with patios at both levels.
Set in a peaceful setting, the outdoor areas look out over a lush greenbelt, with expansive grassy areas just outside the home. As a resident of Laguna Woods Village, you’ll have access to multiple amenities including a 27-hole championship golf course, a 9-hole executive golf course, five swimming pools, fitness centers, tennis and pickleball courts, several clubhouses, an equestrian center, a performing arts theater, and scenic walking trails, along with 24-hour gated security.
The property is offered for sale as part of the Laguna Woods Village community and is configured around a comfortable indoor-outdoor layout with patios at both levels.
Key Highlights
- 1965‑built home with 2 bedrooms and 2 bathrooms, including one bedroom and bath on the main level and a private upstairs bedroom and bath
- Vaulted ceilings with an open, light‑filled layout; tile flooring in the main living area
- Two patios: front patio with greenbelt views and a private upstairs patio
Local Financial Insights For Multifamily LT 5
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 | $34.0k | $31.20 |
| − Vacancy | −$1.2k | −$1.07 |
| EGI | $32.9k | $30.13 |
| − OpEx | −$9.9k | −$9.04 |
| NOI | $23.0k | $21.09 |
1,091 SF · lease $31.20/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.8K
$287.7K – $383.6K
NOI $23,013 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$297.5K
$260.3K – $347.1K
NOI $20,824 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$366.4K
$320.6K – $427.5K
NOI $25,651 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two-bedroom, two-bath residence with vaulted ceilings, main-level guest-ready bedroom, and private upstairs patio.
Where is this quadplex located?
The property is located at 356 Avenida Castilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $524,000.
What are key features of this property?
This property features: 1965‑built home with 2 bedrooms and 2 bathrooms, including one bedroom and bath on the main level and a private upstairs bedroom and bath; Vaulted ceilings with an open, light‑filled layout; tile flooring in the main living area; Two patios: front patio with greenbelt views and a private upstairs patio
