Two-Bedroom Residential Income
For Sale
$349,500
890-B Ronda Sevilla, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,057 SF
Lot Size0.02 Acres
Price / SF$330.65
Days on Market17
Property Features for 890-B Ronda Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Kitchen, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 1, Bedroom 2
Parking
1
Parking features
Guest, Carport, Covered
Spa
1
Window features
Double Pane Windows, Blinds, Screens
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Granite Counters
Exterior features
Lighting
Appliances
Water Heater, Disposal, Microwave, Refrigerator, Recirculated Exhaust Fan, Electric Oven, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
Lot features
Park Nearby, Walkstreet
View
Park
Elementary school district
Saddleback Valley Unified
Middle school district
Saddleback Valley Unified
High school district
Saddleback Valley Unified
Directions
Enter Gate 3 at Moulton/Calle Aragon. Rt on Avenida Sevilla to Ronda Sevilla. Rt on Ronda Sevilla. Park at CDS #70 and head up the steps.
Standard status
Active
Size
1,057 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
golf course
clubhouses
pools
fitness centers
covered deck
laundry room
Building Details
Year built
1968
Floors in Building
1
Number of units
1
Flooring type
Tile, Carpet
Building materials
Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
Legacy 15 Real Estate Brokers
(949) 709-1300
Listed By:
Diane Cirignani · License #01242684
(949) 233-3821
Added: Aug 18
Changed: Sep 2
Last Checked: Sep 3 at 9:06AM
MLS# OC26180927
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 lower-level two-bedroom, two-bathroom residence follows the Castilla floorplan and offers 1,057 square feet of living space. The interior includes luxury plank flooring, a separate dining area, ceiling fans, and a covered deck with greenbelt views. The kitchen is appointed with granite countertops, a matching backsplash, cabinetry, and white appliances. Both bedrooms have ceiling fans and direct access to bathrooms, while the primary suite adds dual closets and a walk-in shower with a safety grab bar. Newer vinyl windows and a sliding glass door provide additional updates.
The home is located in Laguna Woods Village, a 55+ community near Aliso Creek Wilderness Park & Wildlife Sanctuary. A covered carport with extra storage is nearby, guest parking is available near the cul-de-sac #70 sign off Ronda Sevilla, and the laundry room is across the entry breezeway. Community amenities include a 27-hole golf course, seven clubhouses, five pools, two fitness centers, and more than 200 clubs. HOA services include water, trash, and basic internet/cable.
The home is located in Laguna Woods Village, a 55+ community near Aliso Creek Wilderness Park & Wildlife Sanctuary. A covered carport with extra storage is nearby, guest parking is available near the cul-de-sac #70 sign off Ronda Sevilla, and the laundry room is across the entry breezeway. Community amenities include a 27-hole golf course, seven clubhouses, five pools, two fitness centers, and more than 200 clubs. HOA services include water, trash, and basic internet/cable.
Key Highlights
- 1,057‑square‑foot lower‑level home with two bedrooms and two bathrooms
- Castilla floorplan with only eight steps to access
- Covered deck with greenbelt views and direct interior access
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
5.77%
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 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.0K
$310.7K – $414.2K
NOI $24,852 @ 7.0% cap · market cap 7.11%
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
781
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 - Lower-level residence with updated kitchen, covered deck, greenbelt views, nearby carport storage, and access to 55+ community amenities.
Where is this residential income property located?
The property is located at 890-B Ronda Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: 1,057‑square‑foot lower‑level home with two bedrooms and two bathrooms; Castilla floorplan with only eight steps to access; Covered deck with greenbelt views and direct interior access
