Remodeled Residential Income
For Sale
$519,000
613 Avenida Sevilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size953 SF
Lot Size0.02 Acres
Price / SF$544.60
Days on Market52
Property Features for 613 Avenida Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Living Room, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Laundry Room
Parking
1
Parking features
Assigned, Guest, Carport
Spa
1
Window features
Screens, Plantation Shutters, Double Pane Windows, Skylight(s)
Patio and Porch features
Patio
Interior features
Unfurnished, High Ceilings, Ceiling Fan(s), Recessed Lighting, Open Floorplan, Granite Counters
Appliances
Disposal, Electric Water Heater, Microwave, Electric Range, Water Line to Refrigerator, Dishwasher
Subdivision
Leisure World (LW)
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter through Gate 3 from Moulton Parkway. Turn right on Avenida Sevilla. The property is located in the first cul-de-sac on the left, just past the creek.
Standard status
Active
Size
953 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning
in-unit washer and dryer
private patio
walking paths
golf
tennis
pickleball
fitness center
pools
equestrian center
community gardens
art studios
woodshop
clubs
community bus
RV storage
guard-gated security
Building Details
Year built
1966
Floors in Building
1
Number of units
3
Flooring type
Vinyl, Tile
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Trevor Craig · License #02242044
(858) 880-6415
Added: Jul 23
Changed: Sep 8
Last Checked: Sep 12 at 6:06PM
MLS# OC26161671
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 953-square-foot, single-level residence includes two bedrooms, two bathrooms, an open living and dining arrangement, and a remodeled kitchen with granite counters, white cabinetry, stainless steel appliances, recessed lighting, and a breakfast bar. The living room extends to a private patio, while both bedrooms offer built-in storage, ceiling fans, and plantation shutters. Additional features include central air, vinyl and tile flooring, skylights, smooth ceilings, an in-unit washer and dryer, and a walk-in shower with seating in the primary bathroom. Assigned carport parking and guest parking are available.
The property is located at 613 Avenida Sevilla in Laguna Woods Village, near Aliso Creek and neighborhood walking paths. Community amenities include golf facilities, tennis and pickleball courts, fitness centers, pools, an equestrian center, gardens, art studios, a woodshop, more than 200 clubs, community transportation, RV storage, and guard-gated security. Occupancy requirements provide for a first occupant aged 55 or older and a second occupant aged 45 or older.
The property is located at 613 Avenida Sevilla in Laguna Woods Village, near Aliso Creek and neighborhood walking paths. Community amenities include golf facilities, tennis and pickleball courts, fitness centers, pools, an equestrian center, gardens, art studios, a woodshop, more than 200 clubs, community transportation, RV storage, and guard-gated security. Occupancy requirements provide for a first occupant aged 55 or older and a second occupant aged 45 or older.
Key Highlights
- 953 square feet with two bedrooms and two bathrooms
- Remodeled kitchen with granite counters, stainless steel appliances, and breakfast bar
- Private patio connected to the living room
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
3.50%
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 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.1K
$280.1K – $373.5K
NOI $22,407 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,014
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level home with updated interiors, private patio, central air, and access to Laguna Woods Village amenities.
Where is this residential income property located?
The property is located at 613 Avenida Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: 953 square feet with two bedrooms and two bathrooms; Remodeled kitchen with granite counters, stainless steel appliances, and breakfast bar; Private patio connected to the living room
