Single-Story Residential Income
8 Via Castilla, Laguna Woods, CA 92637
For Sale
$289,500
Under Contract
Laguna Woods, CA
Property Size1,040 SF
Price / SF$278.37
Days on Market108
Property Features for 8 Via Castilla
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Spa
Window features
Patio and Porch features
Interior features
Appliances
Subdivision
Directions
Standard status
Size
Taxes and HOA fees
HOA Fee
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
golf course
pool
picnic area
tennis courts
paddle tennis
bocce ball
sport court
hiking trails
gym/exercise room
clubhouse
billiard room
card room
banquet facilities
recreation room
meeting room
community laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Architectural style
Listing Agency:
ReMax Tiffany Real Estate · RE/MAX International
(714) 763-2100
Listed By:
Yang Kim · License CA #01087301
(714) 473-0777
Added: Jul 25
Changed: Nov 6
Last Checked: Nov 9 at 11:06AM
MLS# PW26161103
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
Based on property information with market context.
This 1,040-square-foot, single-story Majorca model features two bedrooms and two full bathrooms with a step-free layout. The interior includes fresh two-tone paint, a living room with multi-panel windows, sliding glass doors, a dining area, ceiling fans, and a bright kitchen equipped with a built-in range, refrigerator, dishwasher, disposal, and electric oven. The primary bedroom has an ensuite bath, while newer dual-pane windows and sliding doors provide an additional recent improvement. Vinyl and carpet flooring, radiant heating, and heat-pump cooling complete the interior. A covered private patio extends the living area outdoors.
The property is located at 8 Via Castilla in Laguna Woods, Orange County, California. Assigned covered carport #40-2 includes storage cabinets, and community laundry is nearby. Shared amenities include a golf course, pool, tennis and paddle tennis courts, bocce ball, hiking trails, exercise facilities, clubhouse rooms, and banquet and meeting spaces.
The property is located at 8 Via Castilla in Laguna Woods, Orange County, California. Assigned covered carport #40-2 includes storage cabinets, and community laundry is nearby. Shared amenities include a golf course, pool, tennis and paddle tennis courts, bocce ball, hiking trails, exercise facilities, clubhouse rooms, and banquet and meeting spaces.
Key Highlights
- 1,040 SF single‑story Majorca model with 2 bedrooms and 2 full bathrooms
- Step‑free layout with fresh two‑tone interior paint
- Newer dual‑pane windows and sliding doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,851
Cap Rate
6.86%
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 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 8.45%
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
2,031
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
Properties on Market for Residential income properties in Orange County
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath residence with updated windows, private patio, and assigned covered carport storage.
Where is this residential income property located?
The property is located at 8 Via Castilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: 1,040 SF single‑story Majorca model with 2 bedrooms and 2 full bathrooms; Step‑free layout with fresh two‑tone interior paint; Newer dual‑pane windows and sliding doors
