Single-Level Residential Income
For Sale
$388,000
526 Calle Aragon, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,009 SF
Lot Size0.03 Acres
Price / SF$384.54
Days on Market20
Property Features for 526 Calle Aragon
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Laundry Room, Bathroom 2, Bedroom 2, Bathroom 1
Parking
1
Parking features
Carport
Interior features
Crown Molding, Granite Counters
Appliances
Microwave, Refrigerator, Electric Oven, Electric Cooktop
Subdivision
Leisure World (LW)
Lot features
6-10 Units/ Acre
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Gate 1 Turn Left at Calle Aragon
Standard status
Active
Size
1,009 SF
Lot size
0.03 Acres
Taxes and HOA fees
HOA Fee
$1,009 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
in-unit laundry
golf
tennis
pickleball
swimming pools
fitness centers
clubhouses
equestrian facilities
art studios
Building Details
Year built
1968
Floors in Building
1
Number of units
8
Flooring type
Laminate
Roof type
Composition
Architectural style
Other
Listing Agency:
HomeSmart, Evergreen Realty
(949) 753-7888
Listed By:
Paris Bolandian · License #01319795
(949) 371-3771
Added: Aug 15
Changed: Sep 3
Last Checked: Sep 3 at 9:06PM
MLS# OC26178702
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 single-level Casa Cantenta residence offers 1,009 square feet with two bedrooms and two bathrooms. The floor plan connects the living and dining areas with a remodeled kitchen featuring cabinetry, countertops, and storage. Large windows and sliding doors extend to a private patio, while updated flooring, in-unit laundry, laminate flooring, electric heating, and wall/window cooling add practical features. The home was built in 1968 and includes a carport at space 395, space 5.
Located in Laguna Woods Village, the property is part of a 55-plus community with golf, tennis, pickleball, swimming pools, fitness centers, clubhouses, equestrian facilities, and art studios. Public water and public sewer serve the residence. The property is located at 526 Calle Aragon, Laguna Woods, California 92637.
Located in Laguna Woods Village, the property is part of a 55-plus community with golf, tennis, pickleball, swimming pools, fitness centers, clubhouses, equestrian facilities, and art studios. Public water and public sewer serve the residence. The property is located at 526 Calle Aragon, Laguna Woods, California 92637.
Key Highlights
- 1,009‑square‑foot single‑level residence with 2 bedrooms and 2 bathrooms
- Private patio connected to the living and dining areas
- Remodeled kitchen with cabinetry, countertops, and ample storage
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
$19,259
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
4.96%
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%
$385,180
$385.2K
Cap Rate 7%
$275,129
$275.1K
Cap Rate 9%
$213,989
$214.0K
Market Conditions
NOI Build-Up for 1,009 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
$36.3K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$35.0K $34.70/SF
− OpEx
−$15.8K −$15.62/SF
NOI
$19.3K $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%
$385,180
Cap Rate 7%
$275,129
Cap Rate 9%
$213,989
Alternative Uses
Best Use
Apartment 5plus
$275.1K
$240.7K – $321.0K
NOI $19,259 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,723 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,437
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 - Remodeled kitchen, private patio, and in-unit laundry support comfortable daily living.
Where is this single family property located?
The property is located at 526 Calle Aragon Laguna Woods, CA.
What is the asking price?
The asking price for this property is $388,000.
What are key features of this property?
This property features: 1,009‑square‑foot single‑level residence with 2 bedrooms and 2 bathrooms; Private patio connected to the living and dining areas; Remodeled kitchen with cabinetry, countertops, and ample storage
