Single-Story Residential Income
For Sale
Under Contract
$289,500
8 Via Castilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,040 SF
Price / SF$278.37
Days on Market61
Property Features for 8 Via Castilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Laundry Room, Bedroom 1, Bathroom 1, Kitchen, Bathroom 2
Parking
2
Parking features
Covered, Carport, Assigned
Spa
1
Window features
Blinds, Double Pane Windows
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Pantry, Recessed Lighting, Open Floorplan, Formica Counters
Appliances
Water Heater, Disposal, Built-In Range, Refrigerator, Electric Range, Electric Oven, Dishwasher
Subdivision
Leisure World (LW)
Directions
S/ El Toro and W/ Paseo De Valencia
Standard status
Active Under Contract
Size
1,040 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Cooling system
Heat Pump
Water source
Public
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
1965
Floors in Building
1
Number of units
1
Flooring type
Carpet, Vinyl
Architectural style
Other
Listing Agency:
ReMax Tiffany Real Estate · RE/MAX International
(714) 763-2100
Listed By:
Yang Kim · License #01087301
(714) 473-0777
Added: Jul 25
Changed: Sep 22
Last Checked: Sep 23 at 3:06PM
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.
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 = 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
6.86%
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 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.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,031
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 - 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
