Residential Income Property with Enclosed
For Sale
$295,000
Pending
8 Via Castilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,040 SF
Days on Market66
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 1, Bathroom 1, Laundry Room, Bathroom 2, Kitchen, Bedroom 2
Parking
1
Parking features
Assigned, Covered, Carport, Guest
Spa
1
Window features
Blinds, Screens
Interior features
Formica Counters
Appliances
Disposal, Electric Water Heater, Refrigerator, Electric Oven, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
From AVe Sevilla, turn onto Ave Castilla and then onto Via Castilla. Turn right and park right in front
Standard status
Pending
Size
1,040 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Electric (Heating), Heat Pump (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s), Heat Pump, Electric
Water source
Public
Amenities
golf courses
swimming pools
spas
clubhouses
tennis courts
pickleball courts
fitness centers
equestrian center
community transportation
RV parking
gardening centers
performing arts venues
art studios
woodworking facilities
clubs and organizations
Building Details
Year built
1964
Floors in Building
1
Number of units
1
Flooring type
Vinyl, Carpet
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Aug 25
Changed: Oct 28
Last Checked: Oct 29 at 1:06AM
MLS# OC26189538
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, two-bedroom, two-bath co-op residence was built in 1964 and occupies a lower-level position with no steps. The interior combines vinyl flooring in the main living areas with carpeting in both bedrooms, fresh paint, smooth ceilings, and a wall heat pump for heating and air conditioning. An enclosed patio expands the usable living area and includes a ceiling fan. The kitchen includes an electric oven, cooktop, dishwasher, refrigerator, and disposal; the HOA maintains the kitchen and guest bathroom. The primary bathroom contains a stack washer and dryer, while the guest bath has a walk-in shower.
The property is located at 8 Via Castilla in Laguna Woods, near Gate 1 and Clubhouse 1, with an assigned covered carport and guest parking. Laguna Woods Village is a 55+ community offering two golf courses, five swimming pools and spas, seven clubhouses, tennis and pickleball courts, three fitness centers, an equestrian center, community transportation, and more than 250 clubs and organizations. Public water and public sewer serve the residence.
The property is located at 8 Via Castilla in Laguna Woods, near Gate 1 and Clubhouse 1, with an assigned covered carport and guest parking. Laguna Woods Village is a 55+ community offering two golf courses, five swimming pools and spas, seven clubhouses, tennis and pickleball courts, three fitness centers, an equestrian center, community transportation, and more than 250 clubs and organizations. Public water and public sewer serve the residence.
Key Highlights
- 1,040‑square‑foot, two‑bedroom, two‑bath co‑op residence
- Lower‑level layout with no steps and an enclosed patio
- Assigned covered carport plus guest parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,851
Cap Rate
6.73%
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 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Lower-level two-bedroom co-op with an enclosed patio, carport access, and membership in a 55+ community.
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 $295,000.
What are key features of this property?
This property features: 1,040‑square‑foot, two‑bedroom, two‑bath co‑op residence; Lower‑level layout with no steps and an enclosed patio; Assigned covered carport plus guest parking
