Residential Income Property with Private
New
For Sale
$465,000
638 Avenida Sevilla, Laguna Woods, CA 92637
MULTI_FAMILY - Laguna Woods, CA
Property Size1,010 SF
Lot Size0.02 Acres
Price / SF$460.40
Days on Market6
Property Features for 638 Avenida Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Laundry Room, Bathroom 2, Bathroom 1
Parking
1
Parking features
Guest, Carport
Spa
1
Appliances
Water Heater, Disposal, Refrigerator, Electric Oven, Dishwasher, Electric Cooktop
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 take Avenida Sevilla all the way to CDS 13
Standard status
Active
Size
1,010 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Zoned
Cooling system
Ductless, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
private balcony/patio
golf course
executive course
tennis courts
pickleball courts
swimming pools
fitness centers
clubhouses
performing arts center
equestrian center
garden centers
walking trails
transportation services
clubs and social organizations
Building Details
Year built
1966
Floors in Building
1
Number of units
6
Listing Agency:
Surterre Properties Inc
(949) 545-2000
Listed By:
Dave Dyssegard · License #01895099
(949) 315-1206
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 5 at 4:06PM
MLS# OC26167994
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.
Set in the 55+ community of Laguna Woods Village, this upper-level Casa Linda model offers a no-steps layout with nobody above. The residence overlooks a creek, mature trees, and the lush greenbelt below, creating a peaceful setting from the private outdoor balcony/patio.
Inside, the home provides a split 2-bedroom, 2-bath design with an open, inviting floor plan. Comfort is supported by zoned heating and ductless (heating), along with ductless and wall/window and window unit cooling. The home includes a laundry room and comes equipped with a water heater, disposal, refrigerator, electric oven, electric cooktop, and dishwasher.
Built in 1966, the property is supported by public water and public sewer. Parking is provided with a carport plus guest parking, and there is a spa (SpaYN: true). Laguna Woods Village features a 27-hole championship golf course, a 9-hole executive course, tennis and pickleball courts, five swimming pools, three fitness centers, seven clubhouses, and an 814-seat performing arts center, plus additional recreation and club offerings.
Inside, the home provides a split 2-bedroom, 2-bath design with an open, inviting floor plan. Comfort is supported by zoned heating and ductless (heating), along with ductless and wall/window and window unit cooling. The home includes a laundry room and comes equipped with a water heater, disposal, refrigerator, electric oven, electric cooktop, and dishwasher.
Built in 1966, the property is supported by public water and public sewer. Parking is provided with a carport plus guest parking, and there is a spa (SpaYN: true). Laguna Woods Village features a 27-hole championship golf course, a 9-hole executive course, tennis and pickleball courts, five swimming pools, three fitness centers, seven clubhouses, and an 814-seat performing arts center, plus additional recreation and club offerings.
Key Highlights
- Upper‑level, no‑steps layout with nobody above
- Overlooks a creek, mature trees, and the lush greenbelt below
- Two‑bedroom, two‑bath configuration plus laundry room
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.4k | $36.00 |
| − Vacancy | −$1.3k | −$1.30 |
| EGI | $35.1k | $34.70 |
| − OpEx | −$15.8k | −$15.62 |
| NOI | $19.3k | $19.09 |
1,010 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$275.4K
$241.0K – $321.3K
NOI $19,278 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.2K
$296.8K – $395.8K
NOI $23,747 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level 2-bedroom, 2-bath home with a private balcony/patio and serene greenbelt views in a 55+ community.
Where is this residential income property located?
The property is located at 638 Avenida Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Upper‑level, no‑steps layout with nobody above; Overlooks a creek, mature trees, and the lush greenbelt below; Two‑bedroom, two‑bath configuration plus laundry room
