Remodeled End-Unit
For Sale
$315,000
870 Avenida Sevilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,057 SF
Price / SF$298.01
Days on Market13
Property Features for 870 Avenida Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Kitchen, Bathroom 1, Bathroom 2, Laundry Room
Parking
1
Parking features
Covered, Assigned, Carport, Guest
Spa
1
Window features
Screens, Blinds, Plantation Shutters
Interior features
Balcony, Living Room Balcony, Ceiling Fan(s), Recessed Lighting, Stone Counters, Granite Counters
Fireplace
1
Appliances
Electric Water Heater, Microwave, 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 into CDS 11, head towards the back and to the left
Standard status
Active
Size
1,057 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Radiant, Heat Pump (Heating)
Cooling system
Heat Pump, Window Unit(s), Electric, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Number of units
1
Flooring type
Tile, Laminate
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Sep 11
Changed: Sep 22
Last Checked: Sep 23 at 2:06PM
MLS# OC26200599
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 1,057-square-foot lower-level end unit is a remodeled Castilla co-op with a two-bedroom, two-bathroom layout. The floor plan separates the living spaces from the bedrooms, while east- and west-facing windows bring natural light into the home. A wraparound balcony extends from the living and dining area, and the kitchen includes wood cabinetry, granite countertops, a sink window, and plantation shutters. Tile and laminate flooring, recessed lighting, ceiling fans, and heat-pump systems are among the interior features.
The property is located at 870 Avenida Sevilla in Laguna Woods, California. A walking trail and nature preserve are directly across the street. Parking includes a covered assigned carport space, with guest parking also available. Public water and public sewer serve the property.
The property is located at 870 Avenida Sevilla in Laguna Woods, California. A walking trail and nature preserve are directly across the street. Parking includes a covered assigned carport space, with guest parking also available. Public water and public sewer serve the property.
Key Highlights
- 1,057‑square‑foot lower‑level end unit
- Remodeled Castilla co‑op with 2 bedrooms and 2 bathrooms
- Wraparound balcony connected to the living and dining area
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
$20,175
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
6.40%
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%
$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
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
$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 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%
$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 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.0K
$310.7K – $414.2K
NOI $24,852 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
810
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 - Lower-level residence with a wraparound balcony, updated kitchen, assigned covered parking, and access to public utilities.
Where is this residential income property located?
The property is located at 870 Avenida Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,057‑square‑foot lower‑level end unit; Remodeled Castilla co‑op with 2 bedrooms and 2 bathrooms; Wraparound balcony connected to the living and dining area
