Remodeled Residential Income
For Sale
$459,000
80 Calle Aragon, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size950 SF
Price / SF$483.16
Days on Market14
Property Features for 80 Calle Aragon
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Laundry Room, Kitchen, Bedroom 2, Bedroom 1
Parking
1
Parking features
Guest, Covered, Carport
Spa
1
Window features
Screens, Skylight(s), Drapes, Blinds, Double Pane Windows
Patio and Porch features
Patio, Porch
Interior features
Quartz Counters, High Ceilings, Recessed Lighting
Exterior features
Rain Gutters, Lighting
Appliances
Water Heater, Disposal, Microwave, Refrigerator, Recirculated Exhaust Fan, Electric Oven, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
Lot features
Garden, Greenbelt
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
From El Toro, Enter Gate 1 at Avenida Sevilla. Lt on Calle Aragon to Cul-De-Sac 36.
Standard status
Active
APN
11111111
Size
950 SF
Taxes and HOA fees
HOA Fee
$838 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central A/C
inside laundry
remodeled kitchen
atrium-patio
front porch
golf course
clubhouses
pools
fitness centers
wood and metal shops
arts and crafts
tennis
pickleball courts
stables
transportation system
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Tile, Wood, Carpet
Building materials
Stucco
Roof type
Shingle, Composition
Architectural style
Mediterranean
Listing Agency:
Legacy 15 Real Estate Brokers
(949) 709-1300
Listed By:
Diane Cirignani · License #01242684
(949) 233-3821
Added: Aug 20
Changed: Sep 1
Last Checked: Sep 2 at 9:06PM
MLS# OC26185515
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 950-square-foot, single-level residential income property at 80 Calle Aragon features a two-bedroom layout with an open living and dining arrangement. The kitchen has been remodeled with quartz counters, white cabinetry, stainless steel accents, a 5-burner stove, and recessed lighting. Additional interior improvements include vaulted ceilings, wood flooring, newer bedroom carpeting, a dual-sink bathroom vanity, skylight, walk-in shower, dual-pane vinyl windows, custom smoked-glass doors, and inside laundry with washer and dryer included.
The home also offers a private atrium-patio, front porch, porch storage closet, covered carport, cabinets at the carport, a space directly in front of the residence, and guest parking. Central air conditioning and heat support year-round comfort. Built in 1965, the property has public water and public sewer service and is located in Laguna Woods, California.
Community amenities identified for the property include a 27-hole golf course, 7 clubhouses, 5 pools, 3 fitness centers, tennis and pickleball courts, stables, wood and metal shops, arts and crafts facilities, more than 250 clubs, and a transportation system.
The home also offers a private atrium-patio, front porch, porch storage closet, covered carport, cabinets at the carport, a space directly in front of the residence, and guest parking. Central air conditioning and heat support year-round comfort. Built in 1965, the property has public water and public sewer service and is located in Laguna Woods, California.
Community amenities identified for the property include a 27-hole golf course, 7 clubhouses, 5 pools, 3 fitness centers, tennis and pickleball courts, stables, wood and metal shops, arts and crafts facilities, more than 250 clubs, and a transportation system.
Key Highlights
- 950 SF single‑level, 2‑bedroom layout
- Remodeled kitchen with quartz counters and 5‑burner stove
- Updated bathroom with dual sinks, skylight, and walk‑in shower
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
$18,133
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
3.95%
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%
$362,660
$362.7K
Cap Rate 7%
$259,043
$259.0K
Cap Rate 9%
$201,478
$201.5K
Market Conditions
NOI Build-Up for 950 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
$34.2K $36.00/SF
− Vacancy
−$1.2K −$1.30/SF
EGI
$33.0K $34.70/SF
− OpEx
−$14.8K −$15.62/SF
NOI
$18.1K $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%
$362,660
Cap Rate 7%
$259,043
Cap Rate 9%
$201,478
Alternative Uses
Best Use
Apartment 5plus
$259.0K
$226.7K – $302.2K
NOI $18,133 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.1K
$279.2K – $372.3K
NOI $22,336 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,437
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level residence with updated interiors, private outdoor space, central climate control, and covered parking.
Where is this residential income property located?
The property is located at 80 Calle Aragon Laguna Woods, CA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 950 SF single‑level, 2‑bedroom layout; Remodeled kitchen with quartz counters and 5‑burner stove; Updated bathroom with dual sinks, skylight, and walk‑in shower
