Single-Level 55+ Community
For Sale
$349,900
459 Avenida Sevilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size953 SF
Lot Size0.02 Acres
Price / SF$367.16
Days on Market119
Property Features for 459 Avenida Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Laundry Room, Bathroom 1, Bedroom 1, Bedroom 2, Kitchen, Bathroom 2
Parking
1
Parking features
Carport, Assigned, Covered
Patio and Porch features
Patio
Appliances
Electric Water Heater, Refrigerator, Dishwasher, Electric Cooktop
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter Gate 3, first left, next Left into Cull De Sac #7
Subdivision
LW - Laguna Woods
Standard status
Active
Size
953 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Radiant, Heat Pump (Heating)
Cooling system
Heat Pump, Electric, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Number of units
1
Flooring type
Laminate
Architectural style
Bungalow
Listing Agency:
HomeSmart, Evergreen Realty
(949) 365-1888
Listed By:
Kevin Pollock · License #02066297
(949) 672-8454
Added: Apr 27
Changed: Aug 19
Last Checked: Aug 23 at 1:06PM
MLS# OC26090410
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.
Offered for sale at 459 Avenida Sevilla, this updated single-level bungalow is in a 55+ resort-style community in Laguna Woods Village. The home features a layout with no stairs, vaulted ceilings, and smooth, scraped ceilings. Updates include granite counters in the kitchen and both bathrooms, a ceiling fan in the dining room, and two Sola-Tubes—one in each bathroom—to add energy-efficient natural light.
The property is set in a tranquil, quiet setting with lush landscaping around the home. For residents, Laguna Woods Village offers extensive community amenities, including seven clubhouses, five swimming pools, two professional golf courses, an equestrian center, tennis courts, and more than 250 social clubs and organizations.
Overall, the combination of a convenient, no-step interior and light-filled finishes supports a comfortable, low-maintenance lifestyle within the community.
The property is set in a tranquil, quiet setting with lush landscaping around the home. For residents, Laguna Woods Village offers extensive community amenities, including seven clubhouses, five swimming pools, two professional golf courses, an equestrian center, tennis courts, and more than 250 social clubs and organizations.
Overall, the combination of a convenient, no-step interior and light-filled finishes supports a comfortable, low-maintenance lifestyle within the community.
Key Highlights
- Bungalow built in 1968
- Heating includes radiant heat and a heat pump (heating)
- Cooling includes electric, heat pump, and wall/window unit(s) with window unit(s)
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
$18,190
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
5.20%
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%
$363,800
$363.8K
Cap Rate 7%
$259,857
$259.9K
Cap Rate 9%
$202,111
$202.1K
Market Conditions
NOI Build-Up for 953 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
$34.3K $36.00/SF
− Vacancy
−$1.2K −$1.30/SF
EGI
$33.1K $34.70/SF
− OpEx
−$14.9K −$15.62/SF
NOI
$18.2K $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%
$363,800
Cap Rate 7%
$259,857
Cap Rate 9%
$202,111
Alternative Uses
Best Use
Apartment 5plus
$259.9K
$227.4K – $303.2K
NOI $18,190 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.1K
$280.1K – $373.5K
NOI $22,407 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
566
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Updated single-level bungalow with vaulted ceilings, granite counters, and natural-light Sola-Tubes in both bathrooms.
Where is this single family property located?
The property is located at 459 Avenida Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Bungalow built in 1968; Heating includes radiant heat and a heat pump (heating); Cooling includes electric, heat pump, and wall/window unit(s) with window unit(s)
