Residential Income Property with
582 Avenida Majorca, Laguna Woods, CA 92637
For Sale
$289,000
Laguna Woods, CA
Property Size1,057 SF
Price / SF$273.42
Days on Market11
Property Features for 582 Avenida Majorca
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
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
educational opportunities
Building Details
Year built
Floors in Building
Number of units
Flooring type
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# OC26234573
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,057-square-foot Castilla co-op has two bedrooms and two bathrooms, with the living and sleeping areas on opposite sides of the floor plan. A balcony connects to the living and dining room through a sliding glass door and broad window wall. The kitchen has raised countertops and a window above the sink. Additional features include dual-pane windows, smooth ceilings, vinyl and carpet flooring, and a stacked washer and dryer in the hallway. The primary suite has closet storage and a private bathroom with a walk-in shower; the second bathroom includes a tub and shower. Access from the carport involves eight steps.
The residence is in Laguna Woods Village, a designated nonsmoking building, near Aliso Creek walking paths. Village amenities include golf courses, pools, fitness centers, tennis and pickleball courts, garden centers, and clubhouses. The building dates to 1966.
The residence is in Laguna Woods Village, a designated nonsmoking building, near Aliso Creek walking paths. Village amenities include golf courses, pools, fitness centers, tennis and pickleball courts, garden centers, and clubhouses. The building dates to 1966.
Key Highlights
- 1,057‑square‑foot Castilla co‑op with two bedrooms and two bathrooms
- Balcony accessed from the living and dining area
- Stacked washer and dryer in the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,175
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,500
$403.5K
Cap Rate 7%
$288,214
$288.2K
Cap Rate 9%
$224,167
$224.2K
Market Conditions
NOI Build-Up for 1,057 SF
Gross rent
$38.1K $36.00/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$36.7K $34.70/SF
− OpEx
−$16.5K −$15.62/SF
NOI
$20.2K $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 Rate 5%
$403,500
Cap Rate 7%
$288,214
Cap Rate 9%
$224,167
Alternative Uses
Best Use
Apartment 5plus
$288.2K
$252.2K – $336.3K
NOI $20,175 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.0K
$310.7K – $414.2K
NOI $24,852 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
980
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
$364,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - The 1,057-square-foot co-op includes two bedrooms, two bathrooms, and an in-home washer and dryer.
Where is this residential income property located?
The property is located at 582 Avenida Majorca Laguna Woods, CA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1,057‑square‑foot Castilla co‑op with two bedrooms and two bathrooms; Balcony accessed from the living and dining area; Stacked washer and dryer in the unit
