Remodeled Residential Income
For Sale
$559,500
703 Avenida Sevilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size940 SF
Price / SF$595.21
Days on Market111
Property Features for 703 Avenida Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Kitchen, Laundry Room, Bathroom 1
Parking
1
Parking features
Carport, Assigned
Spa
1
Window features
Skylight(s), Double Pane Windows, ENERGY STAR Qualified WIndows
Patio and Porch features
Patio
Interior features
Quartz Counters, High Ceilings, Recessed Lighting, Open Floorplan
Exterior features
Rain Gutters
Fireplace
1
Appliances
Electric Water Heater, Ice Maker, Refrigerator, Freezer, Electric Range, Disposal, Dishwasher, Microwave, Water Heater
Subdivision
Leisure World (LW)
Lot features
Sprinklers In Front, Sprinklers On Side, Landscaped, Close to Clubhouse, Corners Marked
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Moulton PKwy to Calle Aragon (Gate 3) park on Calle Aragon in front of 703#D on the right side
Standard status
Active
Size
940 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Energy Star Qualified Equipment (Heating), Central
Cooling system
Central Air, ENERGY STAR Qualified Equipment
Water source
Public
Amenities
electric fireplace
central HVAC
in-unit washer/dryer
patio
clubhouses
swimming pools
golf courses
tennis court
pickle ball
gym
free bus service
24-hour security
gated community
Building Details
Year built
1966
Floors in Building
1
Number of units
1
Flooring type
Vinyl, Laminate
Building materials
Stucco, Drywall Walls
Roof type
Tile
Architectural style
Cottage
Listing Agency:
HomeSmart, Evergreen Realty · RE/MAX International
(949) 600-8930
Listed By:
Neda Ardani · License #02030390
(310) 740-5657
Added: May 5
Changed: Aug 22
Last Checked: Aug 23 at 6:06AM
MLS# OC26097670
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 940-square-foot Valencia co-op cottage has two bedrooms and two bathrooms arranged around an open floor plan. The residence was remodeled with quartz countertops, shaker cabinetry, stainless-steel appliances, vinyl plank flooring, recessed lighting, dual-pane windows, skylights, solar tubes, and central HVAC. Additional features include inside laundry, an electric fireplace, walk-in showers, an en suite bathroom, and a private patio. The assigned carport is located close to the home, and the single-level layout has no stairs.
The property is within Laguna Woods Village, a gated 55+ community with 24/7 security. Community amenities include 7 clubhouses, 5 swimming pools, golf courses, tennis and pickleball courts, gyms, and free bus service within the village or to nearby medical centers. The Performing Arts Center is described as a short walk across the street, and Laguna Beach is approximately a 10-minute drive away.
The property is within Laguna Woods Village, a gated 55+ community with 24/7 security. Community amenities include 7 clubhouses, 5 swimming pools, golf courses, tennis and pickleball courts, gyms, and free bus service within the village or to nearby medical centers. The Performing Arts Center is described as a short walk across the street, and Laguna Beach is approximately a 10-minute drive away.
Key Highlights
- 940 SF Valencia co‑op cottage with 2 bedrooms and 2 bathrooms
- Remodeled interior with quartz counters, shaker cabinetry, stainless‑steel appliances, and vinyl plank flooring
- Open floor plan with a kitchen island, recessed lighting, skylights, and solar tubes
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
$17,942
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
3.21%
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%
$358,840
$358.8K
Cap Rate 7%
$256,314
$256.3K
Cap Rate 9%
$199,356
$199.4K
Market Conditions
NOI Build-Up for 940 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
$33.8K $36.00/SF
− Vacancy
−$1.2K −$1.30/SF
EGI
$32.6K $34.70/SF
− OpEx
−$14.7K −$15.62/SF
NOI
$17.9K $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%
$358,840
Cap Rate 7%
$256,314
Cap Rate 9%
$199,356
Alternative Uses
Best Use
Apartment 5plus
$256.3K
$224.3K – $299.0K
NOI $17,942 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.7K
$276.3K – $368.4K
NOI $22,101 @ 7.0% cap · market cap 3.95%
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
560
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 - Updated two-bedroom, two-bath co-op cottage with an open living area, private patio, and assigned carport.
Where is this residential income property located?
The property is located at 703 Avenida Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $559,500.
What are key features of this property?
This property features: 940 SF Valencia co‑op cottage with 2 bedrooms and 2 bathrooms; Remodeled interior with quartz counters, shaker cabinetry, stainless‑steel appliances, and vinyl plank flooring; Open floor plan with a kitchen island, recessed lighting, skylights, and solar tubes
