Remodeled Residential Income
For Sale
$399,000
Pending
860 Ronda Mendoza, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,057 SF
Days on Market104
Property Features for 860 Ronda Mendoza
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Laundry Room, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Kitchen
Parking
1
Parking features
Carport, Covered, Guest, Assigned
Spa
1
Window features
Plantation Shutters, Screens, Skylight(s)
Interior features
Balcony, Quartz Counters, Living Room Balcony, Ceiling Fan(s), Pantry, Recessed Lighting
Appliances
Disposal, Electric Water Heater, Microwave, Refrigerator, Electric Range, Ice Maker, Water Line to Refrigerator, Dishwasher
Subdivision
Leisure World (LW)
View
Hills
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
From Via Mendoza or Ronda Sevilla, turn onto Ronda Mendoza and into CDS 85. Park right in front
Standard status
Pending
Size
1,057 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Zoned, Radiant, Electric (Heating), Ductless (Heating)
Cooling system
Electric, Zoned, Ductless, Heat Pump
Water source
Public
Amenities
luxury vinyl plank flooring
plantation shutters
mini-split HVAC
in-home washer/dryer
covered balcony
golf courses
swimming pools
clubhouses
tennis courts
pickleball courts
fitness centers
equestrian center
community transportation
RV parking
gardening centers
performing arts venues
art studios
woodworking facilities
Building Details
Year built
1967
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: Jul 18
Changed: Oct 28
Last Checked: Oct 29 at 8:06AM
MLS# OC26158674
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 1,057-square-foot upper-level Castilla co-op, built in 1967, has been remodeled with luxury vinyl plank flooring, plantation shutters, smooth ceilings, and zoned ductless mini-split HVAC. The kitchen includes quartz counters, shaker cabinetry, stainless steel appliances, recessed lighting, and a tile backsplash. A covered balcony extends from the living room, while both bedrooms offer southern exposure, ceiling fans, and mirrored wardrobe doors. The primary suite includes a private bath with a skylight and resurfaced walk-in shower. An in-home stackable washer and dryer is also provided.
The residence is located in Laguna Woods Village, a 55+ community in Laguna Woods. Community amenities include two golf courses, five pools and spas, seven clubhouses, tennis and pickleball courts, three fitness centers, an equestrian center, transportation services, RV parking, gardening centers, performance venues, art studios, woodworking facilities, and more than 250 clubs and organizations. Assigned covered carport parking, guest parking, public water, and public sewer serve the property.
The residence is located in Laguna Woods Village, a 55+ community in Laguna Woods. Community amenities include two golf courses, five pools and spas, seven clubhouses, tennis and pickleball courts, three fitness centers, an equestrian center, transportation services, RV parking, gardening centers, performance venues, art studios, woodworking facilities, and more than 250 clubs and organizations. Assigned covered carport parking, guest parking, public water, and public sewer serve the property.
Key Highlights
- 1,057‑square‑foot upper‑level Castilla co‑op built in 1967
- Two‑bedroom, two‑bath layout with a primary suite and ensuite bath
- Remodeled kitchen with quartz counters, shaker cabinetry, stainless steel appliances, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,175
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,500
$403.5K
Cap Rate 7%
$288,214
$288.2K
Cap Rate 9%
$224,167
$224.2K
Market Conditions
NOI Build-Up for 1,057 SF
Gross rent
$38.1K $36.00/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$36.7K $34.70/SF
− OpEx
−$16.5K −$15.62/SF
NOI
$20.2K $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%
$403,500
Cap Rate 7%
$288,214
Cap Rate 9%
$224,167
Alternative Uses
Best Use
Apartment 5plus
$288.2K
$252.2K – $336.3K
NOI $20,175 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.0K
$310.7K – $414.2K
NOI $24,852 @ 7.0% cap · market cap 6.23%
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
813
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 - Upper-level co-op residence with two bedrooms, two baths, a covered balcony, and updated kitchen and bathroom finishes.
Where is this residential income property located?
The property is located at 860 Ronda Mendoza Laguna Woods, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,057‑square‑foot upper‑level Castilla co‑op built in 1967; Two‑bedroom, two‑bath layout with a primary suite and ensuite bath; Remodeled kitchen with quartz counters, shaker cabinetry, stainless steel appliances, and recessed lighting
