Residential Income Property with
For Sale
$310,000
874 Avenida Sevilla #O, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,057 SF
Lot Size0.03 Acres
Price / SF$293.28
Days on Market19
Property Features for 874 Avenida Sevilla #O
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Kitchen, Bedroom 2, Laundry Room, Bedroom 1, Bathroom 2, Bathroom 1
Parking
2
Parking features
Carport, Covered
Window features
Double Pane Windows
Interior features
Crown Molding, Balcony, Living Room Balcony, Granite Counters
Appliances
Microwave, Refrigerator, Electric Range, Electric Oven, Dishwasher
Subdivision
Leisure World (LW)
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Gate 1,2 or 3 to enter
Standard status
Active
Size
1,057 SF
Lot size
0.03 Acres
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
5 pools
2+ fitness centers
golf
tennis
7 clubhouses
800-seat Performing Arts Center
art studios
250+ clubs
Building Details
Year built
1967
Floors in Building
1
Number of units
8
Flooring type
Tile, Laminate
Listing Agency:
HomeSmart, Evergreen Realty
(949) 753-7888
Listed By:
Bonnie Yune · License #01973042
(949) 315-8654
Added: Sep 14
Changed: Oct 2
Last Checked: Oct 2 at 7:06AM
MLS# OC26201628
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 upper-level residence has two bedrooms and two bathrooms, with access by a short flight of eight steps. A full-length balcony faces trees, while the open layout connects the living area and kitchen. Kitchen features include raised counters, added cabinetry, and a tiled backsplash. Dual-pane windows and sliding doors, bathroom skylights, laminate flooring, and an included washer and dryer are also noted. The primary bedroom has a large closet; the second bedroom can serve as an office or den.
The home is in Laguna Woods Village, a gated 55+ community in the Nob Hill area near Aliso Creek. Community amenities include five pools, more than two fitness centers, golf, tennis, seven clubhouses, an 800-seat performing arts center, art studios, and over 250 clubs. Covered carport parking is nearby, as are Aliso Creek trails. Laguna Beach, shopping, dining, and medical facilities are described as a short drive away.
The home is in Laguna Woods Village, a gated 55+ community in the Nob Hill area near Aliso Creek. Community amenities include five pools, more than two fitness centers, golf, tennis, seven clubhouses, an 800-seat performing arts center, art studios, and over 250 clubs. Covered carport parking is nearby, as are Aliso Creek trails. Laguna Beach, shopping, dining, and medical facilities are described as a short drive away.
Key Highlights
- 1,057 square feet with two bedrooms and two bathrooms
- Upper‑level residence reached by eight steps, with a full‑length balcony
- Updated kitchen with raised counters, added cabinetry, and tiled backsplash
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
6.51%
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 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.0K
$310.7K – $414.2K
NOI $24,852 @ 7.0% cap · market cap 8.02%
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
773
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 - The upper-level home has two bedrooms, an updated kitchen, and covered carport parking.
Where is this residential income property located?
The property is located at 874 Avenida Sevilla #O Laguna Woods, CA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,057 square feet with two bedrooms and two bathrooms; Upper‑level residence reached by eight steps, with a full‑length balcony; Updated kitchen with raised counters, added cabinetry, and tiled backsplash
