Co-op Residence with Interior
384 Avenida Castilla, Laguna Woods, CA 92637
For Sale
$419,000
Laguna Woods, CA
Property Size950 SF
Price / SF$441.05
Days on Market11
Property Features for 384 Avenida Castilla
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Spa
Window features
Interior features
Appliances
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
Size
Taxes and HOA fees
HOA Fee
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
mini-split heating/air conditioning
dual-pane windows
atrium
stacked washer/dryer
solar tube
27-hole championship golf course
9-hole executive par-3 course
pickleball
tennis
lawn bowling
fitness centers
swimming pools
clubhouses
equestrian facilities
garden centers
art studios
woodshop
computer workrooms
Building Details
Year built
Floors in Building
Number of units
Flooring type
Architectural style
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 7 at 1:06AM
MLS# OC26234536
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
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This 950-square-foot co-op residence, built in 1965, has two bedrooms and an interior atrium that brings daylight and outdoor air into the home. Recent improvements include luxury vinyl plank flooring, fresh paint, smooth ceilings, dual-pane windows along exterior walls, and two ductless heating and cooling systems. The living room has a vaulted ceiling, while the kitchen features granite counters, recessed lighting, a dishwasher, and a microwave. The bathroom includes a tiled walk-in shower and stacked washer and dryer. A gated front patio and storage closet provide additional exterior space.
The residence is in Laguna Woods Village, a 55+ community with a 27-hole golf course, a nine-hole executive par-3 course, swimming pools, fitness centers, tennis and pickleball courts, and clubhouses. Community amenities also include equestrian facilities, garden centers, art studios, and more than 200 clubs and organizations.
The residence is in Laguna Woods Village, a 55+ community with a 27-hole golf course, a nine-hole executive par-3 course, swimming pools, fitness centers, tennis and pickleball courts, and clubhouses. Community amenities also include equestrian facilities, garden centers, art studios, and more than 200 clubs and organizations.
Key Highlights
- 950‑square‑foot co‑op residence with two bedrooms
- Interior atrium brings natural light and fresh air into the home
- Two ductless heating and cooling systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,133
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,660
$362.7K
Cap Rate 7%
$259,043
$259.0K
Cap Rate 9%
$201,478
$201.5K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$34.2K $36.00/SF
− Vacancy
−$1.2K −$1.30/SF
EGI
$33.0K $34.70/SF
− OpEx
−$14.8K −$15.62/SF
NOI
$18.1K $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%
$362,660
Cap Rate 7%
$259,043
Cap Rate 9%
$201,478
Alternative Uses
Best Use
Apartment 5plus
$259.0K
$226.7K – $302.2K
NOI $18,133 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.1K
$279.2K – $372.3K
NOI $22,336 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,909
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
$364,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Orange County, CA
Properties on Market for Residential income properties in Orange County
Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom home with ductless heating and cooling, in-unit laundry, and a private front patio.
Where is this residential income property located?
The property is located at 384 Avenida Castilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 950‑square‑foot co‑op residence with two bedrooms; Interior atrium brings natural light and fresh air into the home; Two ductless heating and cooling systems
