Two-Story Residential Income
For Sale
$429,000
399 Avenida Castilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,300 SF
Lot Size0.03 Acres
Price / SF$330
Days on Market129
Property Features for 399 Avenida Castilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Laundry Room, Bedroom 2, Living Room
Parking
1
Parking features
Carport, Assigned
Spa
1
Interior features
High Ceilings, Ceiling Fan(s), Open Floorplan
Appliances
Electric Oven, Electric Cooktop, Refrigerator, Electric Range, Disposal, Dishwasher, Microwave
Subdivision
Leisure World (LW)
View
City
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
El Toro, Gate 1
Standard status
Active
Size
1,300 SF
Lot size
0.03 Acres
Taxes and HOA fees
HOA Fee
$869 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
private patio
in-unit washer and dryer
golf course
swimming pools
clubhouses
tennis courts
pickleball courts
fitness centers
equestrian facilities
art studios
woodworking shop
lawn bowling
community gardens
Building Details
Year built
1965
Floors in Building
2
Number of units
1
Flooring type
Tile, Carpet
Listing Agency:
Pacific Sterling Realty
(949) 222-9911
Listed By:
Lulu Janlus Chou · License #01928447
(949) 300-5833
Added: Jun 13
Changed: Oct 13
Last Checked: Oct 19 at 10:06AM
MLS# OC26140625
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 two-story residential property offers 1,300 square feet with two bedrooms and two bathrooms. The main level includes a bedroom, walk-in shower, living room, dining area, kitchen, and laundry room with an in-unit stackable washer and dryer. Upstairs, a second bedroom, full bathroom, mirrored-door closets, and a loft provide additional flexible space. Vaulted ceilings, an open floor plan, ceiling fans, carpet, and tile are among the interior features. A private patio overlooks a garden setting, while assigned carport parking is provided.
The residence is located within Laguna Woods Village, a 55+ community with five swimming pools, seven clubhouses, tennis and pickleball courts, fitness centers, equestrian facilities, art studios, woodworking facilities, lawn bowling, community gardens, and more than 200 clubs and social organizations. Community recreation also includes a 27-hole championship golf course and a 9-hole executive course. Shopping, dining, medical facilities, and Laguna Beach are nearby.
The residence is located within Laguna Woods Village, a 55+ community with five swimming pools, seven clubhouses, tennis and pickleball courts, fitness centers, equestrian facilities, art studios, woodworking facilities, lawn bowling, community gardens, and more than 200 clubs and social organizations. Community recreation also includes a 27-hole championship golf course and a 9-hole executive course. Shopping, dining, medical facilities, and Laguna Beach are nearby.
Key Highlights
- 1,300‑square‑foot two‑story residence with 2 bedrooms and 2 bathrooms
- Main‑level bedroom with walk‑in shower; second bedroom and full bathroom upstairs
- Loft offers flexible space for an office, reading area, fitness use, or guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,813
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,260
$496.3K
Cap Rate 7%
$354,471
$354.5K
Cap Rate 9%
$275,700
$275.7K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$46.8K $36.00/SF
− Vacancy
−$1.7K −$1.30/SF
EGI
$45.1K $34.70/SF
− OpEx
−$20.3K −$15.62/SF
NOI
$24.8K $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%
$496,260
Cap Rate 7%
$354,471
Cap Rate 9%
$275,700
Alternative Uses
Best Use
Apartment 5plus
$354.5K
$310.2K – $413.6K
NOI $24,813 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.6K
$382.1K – $509.4K
NOI $30,565 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,781
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residence with a private patio, loft, and access to extensive 55+ community amenities.
Where is this residential income property located?
The property is located at 399 Avenida Castilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1,300‑square‑foot two‑story residence with 2 bedrooms and 2 bathrooms; Main‑level bedroom with walk‑in shower; second bedroom and full bathroom upstairs; Loft offers flexible space for an office, reading area, fitness use, or guests
