Cadiz Residential Income
For Sale
Under Contract
$285,000
591 Avenida Majorca, Laguna Woods, CA 92673
Laguna Woods, CA
Property Size770 SF
Lot Size1.00 Acre
Price / SF$370.13
Days on Market23
Property Features for 591 Avenida Majorca
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Laundry Room, Bedroom 1, Bathroom 1
Parking
1
Parking features
Carport, Assigned
Spa
1
Patio and Porch features
Deck
Interior features
Balcony
Appliances
Electric Range, Electric Oven
Subdivision
Leisure World (LW)
Lot features
0-1 Unit/ Acre
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Gate 3 make right on ave seville and then left on Avenida Majorca and then right turn
Standard status
Active Under Contract
APN
62110101
Size
770 SF
Lot size
1.00 Acre
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
washer/dryer
championship golf
executive par-3 course
pickleball
tennis
lawn bowling
fitness centers
swimming pools
clubhouses
equestrian facilities
gardening centers
art studios
woodshop
computer workrooms
Building Details
Year built
1966
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Listing Agency:
HomeSmart, Evergreen Realty
(949) 753-7888
Listed By:
Shawn Mcadam · License #02114187
(949) 942-9690
Added: Sep 30
Changed: Oct 22
Last Checked: Oct 22 at 1:06AM
MLS# OC26213189
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 770-square-foot Cadiz floorplan includes a bedroom, bathroom, and laundry room. Interior features include vinyl flooring, an electric range and oven, and a washer and dryer. A balcony and deck provide outdoor space, and the unit has assigned carport parking. No unit is located above it.
The home has greenbelt views and is near a creek and Clubhouse 3. Laguna Woods Village is a 55+ community with golf courses, swimming pools, fitness centers, tennis and pickleball courts, and multiple clubhouses. Additional community amenities include equestrian facilities, art studios, gardening centers, and more than 200 clubs and organizations.
The home has greenbelt views and is near a creek and Clubhouse 3. Laguna Woods Village is a 55+ community with golf courses, swimming pools, fitness centers, tennis and pickleball courts, and multiple clubhouses. Additional community amenities include equestrian facilities, art studios, gardening centers, and more than 200 clubs and organizations.
Key Highlights
- 770‑square‑foot Cadiz floorplan with a bedroom, bathroom, and laundry room
- No unit above; assigned carport parking
- Balcony and deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,697
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,940
$293.9K
Cap Rate 7%
$209,957
$210.0K
Cap Rate 9%
$163,300
$163.3K
Market Conditions
NOI Build-Up for 770 SF
Gross rent
$27.7K $36.00/SF
− Vacancy
−$998 −$1.30/SF
EGI
$26.7K $34.70/SF
− OpEx
−$12.0K −$15.62/SF
NOI
$14.7K $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%
$293,940
Cap Rate 7%
$209,957
Cap Rate 9%
$163,300
Alternative Uses
Best Use
Apartment 5plus
$210.0K
$183.7K – $245.0K
NOI $14,697 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.6K
$226.3K – $301.7K
NOI $18,104 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
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Business Placement
Demographics for 92673, CA
29,642
Population
10,005
Households
3
Avg Household Size
43
Median Age
56%
College-Educated
95%
High-School Grad
10.3 sq mi
ZIP Area
2,878
Density / Sq Mi
$180,077
Median Household Income
$76,689
Median Earnings
$3,412
Median Rent
$1,207,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The home has a private balcony, assigned carport parking, and access to amenities in a 55+ community.
Where is this residential income property located?
The property is located at 591 Avenida Majorca Laguna Woods, CA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 770‑square‑foot Cadiz floorplan with a bedroom, bathroom, and laundry room; No unit above; assigned carport parking; Balcony and deck
