Greenbelt-View Residential Income
For Sale
$278,900
76 Calle Aragon, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,040 SF
Price / SF$268.17
Days on Market216
Property Features for 76 Calle Aragon
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Laundry Room
Parking
1
Spa
1
Subdivision
Other (OTHR)
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
El Toro, Gate 1, first Left on Calle Aragon, Left on CDS 36
Standard status
Active
Size
1,040 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Wall/Window Unit(s), Heat Pump, Electric, Window Unit(s)
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Number of units
16
Flooring type
Tile, Wood
Architectural style
Contemporary
Listing Agency:
HomeSmart, Evergreen Realty
(949) 753-7888
Listed By:
Mila Piso · License #01817048
(949) 616-4526
Added: Jan 31
Changed: Sep 3
Last Checked: Sep 4 at 8:06AM
MLS# OC26022853
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 1,040-square-foot second-floor residence in Laguna Woods features a contemporary interior with vaulted ceilings in the living and dining areas. The remodeled open kitchen includes oak cabinetry and a dark countertop, while hardwood flooring extends through the main living areas and bedrooms; tile is used in the kitchen and bathrooms. Two bedrooms, two bathrooms, a laundry room, and an expansive northwest-facing balcony complete the layout. Sliding glass doors connect the living area with views over the greenbelt.
Built in 1964, the property has heat-pump and electric heating, multiple cooling options, public water, and public sewer. It is located within Laguna Woods Village, a gated 55+ community with seven clubhouses, golf, tennis, pools, spas, fitness centers, walking trails, more than 200 social clubs, and complimentary bus transportation. Clubhouse 1 and a pedestrian gate serving nearby retail and banking are within walking distance, with Laguna Beach and the Pacific Ocean a short drive away.
Built in 1964, the property has heat-pump and electric heating, multiple cooling options, public water, and public sewer. It is located within Laguna Woods Village, a gated 55+ community with seven clubhouses, golf, tennis, pools, spas, fitness centers, walking trails, more than 200 social clubs, and complimentary bus transportation. Clubhouse 1 and a pedestrian gate serving nearby retail and banking are within walking distance, with Laguna Beach and the Pacific Ocean a short drive away.
Key Highlights
- 1,040‑square‑foot second‑floor residence in Laguna Woods
- Remodeled open kitchen with oak cabinetry and dark countertop
- Two bedrooms, two bathrooms, and a laundry 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
$19,851
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
7.12%
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%
$397,020
$397.0K
Cap Rate 7%
$283,586
$283.6K
Cap Rate 9%
$220,567
$220.6K
Market Conditions
NOI Build-Up for 1,040 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
$37.4K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$36.1K $34.70/SF
− OpEx
−$16.2K −$15.62/SF
NOI
$19.9K $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%
$397,020
Cap Rate 7%
$283,586
Cap Rate 9%
$220,567
Alternative Uses
Best Use
Apartment 5plus
$283.6K
$248.1K – $330.9K
NOI $19,851 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 8.77%
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
1,999
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 - Second-floor residence with remodeled kitchen, vaulted ceilings, hardwood flooring, and a full-length private balcony.
Where is this residential income property located?
The property is located at 76 Calle Aragon Laguna Woods, CA.
What is the asking price?
The asking price for this property is $278,900.
What are key features of this property?
This property features: 1,040‑square‑foot second‑floor residence in Laguna Woods; Remodeled open kitchen with oak cabinetry and dark countertop; Two bedrooms, two bathrooms, and a laundry room
