Updated One-Bedroom
New
For Sale
$200,000
77 Calle Aragon, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size770 SF
Price / SF$259.74
Days on Market4
Property Features for 77 Calle Aragon
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Laundry Room, Kitchen, Bathroom 1
Parking
1
Parking features
Covered, Assigned, Carport, Guest
Spa
1
Window features
Screens, Blinds
Interior features
Balcony, Living Room Balcony, Recessed Lighting, Formica Counters
Appliances
Disposal, Electric Water Heater, Refrigerator, Electric Oven, 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
From Calle Aragon, turn into CDS 36. Lots of guest parking and carport is 77-3 if you would like to park in it
Standard status
Active
Size
770 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Cooling system
Electric, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
covered balcony
clubhouses
golf course
pickleball
tennis
fitness centers
swimming pools
equestrian facilities
garden centers
art studios
woodshop
computer workrooms
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Sep 20
Changed: Sep 23
Last Checked: Sep 23 at 12:06PM
MLS# OC26207613
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 770-square-foot upper-level co-op at 77 Calle Aragon offers a one-bedroom, one-bathroom layout with a covered balcony and leafy views. Recent improvements include luxury vinyl plank flooring, interior paint, and smooth ceilings. The living room features a large picture window, while the dining area accommodates a full-size table and additional storage. The kitchen includes a window over the sink, and the bathroom has a tub and shower combination. A bedroom closet, recessed lighting, Formica counters, and electric appliances complete the interior. Heating is radiant, with window or wall/window cooling units.
The home is positioned near Clubhouses 1 and 3, community gates, and the Serpentine Walkway. Laguna Woods Village provides golf facilities, pickleball and tennis courts, swimming pools, fitness centers, equestrian facilities, garden centers, art studios, a woodshop, computer workrooms, classes, and more than 200 clubs and organizations. The property includes assigned covered carport parking, guest parking, public water, and public sewer.
The home is positioned near Clubhouses 1 and 3, community gates, and the Serpentine Walkway. Laguna Woods Village provides golf facilities, pickleball and tennis courts, swimming pools, fitness centers, equestrian facilities, garden centers, art studios, a woodshop, computer workrooms, classes, and more than 200 clubs and organizations. The property includes assigned covered carport parking, guest parking, public water, and public sewer.
Key Highlights
- 770 square feet with a 1BD/1BA upper‑level co‑op layout
- Covered balcony with mature‑tree views from the living area and bedroom
- Recent luxury vinyl plank flooring, interior paint, and smooth ceilings
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
$14,697
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
7.35%
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%
$293,940
$293.9K
Cap Rate 7%
$209,957
$210.0K
Cap Rate 9%
$163,300
$163.3K
Market Conditions
NOI Build-Up for 770 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
$27.7K $36.00/SF
− Vacancy
−$998 −$1.30/SF
EGI
$26.7K $34.70/SF
− OpEx
−$12.0K −$15.62/SF
NOI
$14.7K $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%
$293,940
Cap Rate 7%
$209,957
Cap Rate 9%
$163,300
Alternative Uses
Best Use
Apartment 5plus
$210.0K
$183.7K – $245.0K
NOI $14,697 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.6K
$226.3K – $301.7K
NOI $18,104 @ 7.0% cap · market cap 9.05%
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
1,999
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level co-op with a covered balcony, mature-tree outlooks, and access to Laguna Woods Village amenities.
Where is this residential income property located?
The property is located at 77 Calle Aragon Laguna Woods, CA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 770 square feet with a 1BD/1BA upper‑level co‑op layout; Covered balcony with mature‑tree views from the living area and bedroom; Recent luxury vinyl plank flooring, interior paint, and smooth ceilings
