Residential Income Property with Private
For Sale
$455,000
489 Calle Cadiz, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,000 SF
Price / SF$455
Days on Market84
Property Features for 489 Calle Cadiz
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Laundry Room, Bathroom 1, Bedroom 1
Parking
1
Parking features
Carport, Guest
Spa
1
Window features
Insulated Windows
Patio and Porch features
Patio
Appliances
Water Heater, Disposal, Microwave, Refrigerator, Electric Oven, Dishwasher
Subdivision
Leisure World (LW)
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Gate 1 Avenida Sevilla to Calle Cadiz turn left then right straight end of CDS
Standard status
Active
Size
1,000 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
private patio
updated kitchen with granite countertops
skylight
enclosed atrium
window shutters
newer dual-pane windows
in-home washer and dryer
27-hole championship golf course
9-hole executive course
swimming pools
tennis and pickleball courts
fitness centers
clubhouses
equestrian center
performing arts center
craft studios
scenic walking paths
community transportation
Building Details
Year built
1966
Floors in Building
1
Number of units
4
Listing Agency:
Surterre Properties Inc
(949) 545-2000
Listed By:
Dave Dyssegard · License #01895099
(949) 315-1206
Added: Jul 31
Changed: Oct 21
Last Checked: Oct 22 at 9:06PM
MLS# OC26167952
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 1,000-square-foot Madrid model is a single-level residence built in 1966, with no residence directly above or below. Interior features include an updated kitchen with granite countertops, skylights in both the kitchen and enclosed atrium, window shutters, dual-pane windows, and an in-home washer and dryer. A covered private patio provides additional outdoor space.
The property is in Laguna Woods Village, a gated community for residents age 55 and older. Community amenities include a 27-hole golf course, a 9-hole executive course, five swimming pools, tennis and pickleball courts, three fitness centers, seven clubhouses, an equestrian center, a performing arts center, craft studios, walking paths, and more than 250 clubs and organizations. Community transportation is available, and shopping, dining, medical facilities, and Laguna Beach are described as minutes away.
The property is in Laguna Woods Village, a gated community for residents age 55 and older. Community amenities include a 27-hole golf course, a 9-hole executive course, five swimming pools, tennis and pickleball courts, three fitness centers, seven clubhouses, an equestrian center, a performing arts center, craft studios, walking paths, and more than 250 clubs and organizations. Community transportation is available, and shopping, dining, medical facilities, and Laguna Beach are described as minutes away.
Key Highlights
- 1,000‑square‑foot Madrid model; built in 1966
- Single‑level layout with no residence above or below
- Covered private patio and enclosed atrium with skylight
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,087
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,740
$381.7K
Cap Rate 7%
$272,671
$272.7K
Cap Rate 9%
$212,078
$212.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$36.0K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$34.7K $34.70/SF
− OpEx
−$15.6K −$15.62/SF
NOI
$19.1K $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%
$381,740
Cap Rate 7%
$272,671
Cap Rate 9%
$212,078
Alternative Uses
Best Use
Apartment 5plus
$272.7K
$238.6K – $318.1K
NOI $19,087 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.9K
$293.9K – $391.9K
NOI $23,512 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,449
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A single-level home in a gated 55+ community includes an enclosed atrium and in-unit laundry.
Where is this residential income property located?
The property is located at 489 Calle Cadiz Laguna Woods, CA.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 1,000‑square‑foot Madrid model; built in 1966; Single‑level layout with no residence above or below; Covered private patio and enclosed atrium with skylight
