Residential Income Property with
For Sale
$435,000
Pending
876 Avenida Sevilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,010 SF
Lot Size0.02 Acres
Days on Market53
Property Features for 876 Avenida Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Laundry Room
Parking
1
Parking features
Covered, Driveway, Carport
Window features
Screens
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Recessed Lighting, Granite Counters
Appliances
Disposal, Electric Water Heater, Refrigerator, Electric Oven, Electric Cooktop
Subdivision
Leisure World (LW)
Lot features
Level
High school
Saddleback
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
From the Gate 3, R/T on Avenida Sevilla
Standard status
Pending
APN
11111111
Size
1,010 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered patio
central air and heat
27-hole championship golf course
tennis
pickleball
pools and spas
fitness
lawn bowling
equestrian center
RV storage
art class
computer labs
card room
billiards
library
7 clubhouses
walking trails
200+ social clubs
free bus transportation
Building Details
Year built
1967
Floors in Building
1
Number of units
1
Flooring type
Laminate
Building materials
Wood Siding, Drywall Walls
Listing Agency:
HomeSmart, Evergreen Realty
(949) 753-7888
Listed By:
Joy Yoo · License #01411167
(858) 774-1796
Added: Jul 15
Changed: Sep 3
Last Checked: Sep 5 at 2:06AM
MLS# OC26148183
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 1,010-square-foot residential income property in Laguna Woods includes two bedrooms, two bathrooms, a laundry room, laminate flooring, recessed lighting, ceiling fans, and granite counters. Recent improvements include recolored kitchen and bathroom counters, smooth ceilings, and added central air and heat. The home also provides a covered patio, driveway parking, and a designated carport with room for a golf cart. Public water and sewer serve the property.
Located within Laguna Woods Village near Aliso Creek, the residence offers access to community amenities that include a 27-hole golf course, tennis and pickleball facilities, pools, spas, fitness areas, an equestrian center, RV storage, seven clubhouses, and more than 200 social clubs and organizations. Community bus service connects residents with local shopping, banks, restaurants, and medical facilities.
Located within Laguna Woods Village near Aliso Creek, the residence offers access to community amenities that include a 27-hole golf course, tennis and pickleball facilities, pools, spas, fitness areas, an equestrian center, RV storage, seven clubhouses, and more than 200 social clubs and organizations. Community bus service connects residents with local shopping, banks, restaurants, and medical facilities.
Key Highlights
- 1,010‑square‑foot residence with two bedrooms and two bathrooms
- 0.0232‑acre lot in Laguna Woods, CA
- Central air and heat with smooth ceilings
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
$19,278
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
4.43%
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%
$385,560
$385.6K
Cap Rate 7%
$275,400
$275.4K
Cap Rate 9%
$214,200
$214.2K
Market Conditions
NOI Build-Up for 1,010 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
$36.4K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$35.1K $34.70/SF
− OpEx
−$15.8K −$15.62/SF
NOI
$19.3K $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%
$385,560
Cap Rate 7%
$275,400
Cap Rate 9%
$214,200
Alternative Uses
Best Use
Apartment 5plus
$275.4K
$241.0K – $321.3K
NOI $19,278 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.2K
$296.8K – $395.8K
NOI $23,747 @ 7.0% cap · market cap 5.46%
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath residence with central air, covered outdoor space, and dedicated covered parking.
Where is this residential income property located?
The property is located at 876 Avenida Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,010‑square‑foot residence with two bedrooms and two bathrooms; 0.0232‑acre lot in Laguna Woods, CA; Central air and heat with smooth ceilings
