Remodeled Residential Income
766 Calle Aragon, Laguna Woods, CA 92637
For Sale
$525,000
Laguna Woods, CA
Property Size1,040 SF
Lot Size0.02 Acres
Price / SF$504.81
Days on Market220
Property Features for 766 Calle Aragon
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Rooms
Parking features
Spa
Window features
Interior features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
Size
Lot size
Taxes and HOA fees
HOA Fee
Utilities
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Bonnie Fullerton · License #01442529
(949) 294-9702
Added: Apr 4
Changed: Nov 7
Last Checked: Nov 9 at 10:06AM
MLS# OC26200860
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
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This 1,040-square-foot Mediterranean-style residence was renovated throughout with updated electrical wiring and plumbing, luxury vinyl flooring, energy-efficient windows, ductless Daikin mini-splits, and dual-function roller blinds. The kitchen includes custom soft-close cabinetry, pull-out pantry drawers, granite counters, and a Samsung appliance package with a smart refrigerator, electric range, dishwasher, and microwave. A hallway GE stackable washer and dryer adds everyday convenience. Both bathrooms feature remodeled vanities, tiled showers, and tile flooring, while the guest bedroom includes a queen-size Murphy bed. The primary bedroom has two windows, and the home also includes a carport, public water, cable availability, and a composition roof.
Located at 766 Calle Aragon in Laguna Woods, the residence is near Clubhouse 1 and the community’s gym, ballroom, pool hall, meeting rooms, and drop-in lounge. The property was built in 1964 and includes a spa.
Located at 766 Calle Aragon in Laguna Woods, the residence is near Clubhouse 1 and the community’s gym, ballroom, pool hall, meeting rooms, and drop-in lounge. The property was built in 1964 and includes a spa.
Key Highlights
- 1,040‑square‑foot residential property at 766 Calle Aragon, Laguna Woods, CA 92637
- Renovated electrical wiring, plumbing, bathrooms, kitchen, flooring, windows, and climate‑control systems
- Two‑bedroom layout with a queen‑size Murphy bed in the guest bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,851
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
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
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 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 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 4.66%
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
2,103
Businesses Nearby
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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
$364,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Orange County, CA
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated two-bedroom residence with updated systems, flexible guest space, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 766 Calle Aragon Laguna Woods, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,040‑square‑foot residential property at 766 Calle Aragon, Laguna Woods, CA 92637; Renovated electrical wiring, plumbing, bathrooms, kitchen, flooring, windows, and climate‑control systems; Two‑bedroom layout with a queen‑size Murphy bed in the guest bedroom
