Residential Income Property with Creek
New
For Sale
$429,000
898 Ronda Sevilla, Laguna Woods, CA 92637
MULTI_FAMILY - Laguna Woods, CA
Property Size1,009 SF
Price / SF$425.17
Days on Market7
Property Features for 898 Ronda Sevilla
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 1, Laundry Room, Bathroom 2, Bedroom 2, Bedroom 1, Kitchen
Parking
1
Parking features
Carport, Assigned, Guest, Covered
Spa
1
Window features
Double Pane Windows, Screens, Blinds
Interior features
Crown Molding, Furnished, Recessed Lighting, Granite Counters
Appliances
Disposal, Electric Water Heater, Refrigerator, Electric Range, 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 Ave Sevilla turn onto Ronda Sevilla and into CDS 72
Standard status
Active
Size
1,009 SF
Taxes and HOA fees
HOA Fee
$827 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central, Electric (Heating)
Cooling system
Electric, Heat Pump, Central Air
Water source
Public
Amenities
covered balcony
central HVAC
inside laundry
remodeled kitchen
dual pane windows
smooth ceilings
crown molding
laminate wood flooring
upgraded front door with leaded glass insert
locking security door
black granite countertops
breakfast bar
white cabinetry
stainless appliances
ceiling fan
enclosed patio area
walk-in shower
seated vanity area
two championship golf courses
five swimming pools and spas
seven clubhouses
tennis and pickleball courts
three fitness centers
equestrian center
community transportation
RV parking
gardening centers
performing arts venues
art studios
woodworking facilities
more than 250 clubs and organizations
Building Details
Year built
1967
Floors in Building
1
Number of units
1
Flooring type
Laminate
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Donna Empfield · License #01386605
(949) 939-5747
Added: Aug 14
Changed: Aug 17
Last Checked: Aug 20 at 1:06AM
MLS# OC26179515
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 2BD/2BA upper-level co-op residence offers 1009 square feet of updated living space in Laguna Woods. The interior includes an expanded kitchen with granite counters, white cabinetry, stainless appliances, and a breakfast bar, along with laminate flooring, crown molding, dual-pane windows, central HVAC, and recessed lighting. A covered balcony overlooks Aliso Creek, while the enclosed patio area adds flexible space for an office, exercise area, or hobbies. The primary suite includes a private bath with a walk-in shower and stacked washer and dryer. Furnishings are included as an option, and assigned covered parking is provided.
The property is within Laguna Woods Village, a gated 55+ community with two golf courses, five pools and spas, seven clubhouses, tennis and pickleball courts, fitness centers, community transportation, RV parking, gardening centers, performance venues, art studios, woodworking facilities, and more than 250 clubs and organizations. Public water and sewer serve the property.
The property is within Laguna Woods Village, a gated 55+ community with two golf courses, five pools and spas, seven clubhouses, tennis and pickleball courts, fitness centers, community transportation, RV parking, gardening centers, performance venues, art studios, woodworking facilities, and more than 250 clubs and organizations. Public water and sewer serve the property.
Key Highlights
- 2BD/2BA co‑op residence with 1009 square feet
- Covered balcony positioned above Aliso Creek
- Remodeled kitchen with granite counters and stainless appliances
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
$19,259
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
4.49%
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%
$385,180
$385.2K
Cap Rate 7%
$275,129
$275.1K
Cap Rate 9%
$213,989
$214.0K
Market Conditions
NOI Build-Up for 1,009 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
$36.3K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$35.0K $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%
$385,180
Cap Rate 7%
$275,129
Cap Rate 9%
$213,989
Alternative Uses
Best Use
Apartment 5plus
$275.1K
$240.7K – $321.0K
NOI $19,259 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,723 @ 7.0% cap · market cap 5.53%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated co-op residence with open kitchen, covered balcony, and in-unit laundry.
Where is this residential income property located?
The property is located at 898 Ronda Sevilla Laguna Woods, CA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 2BD/2BA co‑op residence with 1009 square feet; Covered balcony positioned above Aliso Creek; Remodeled kitchen with granite counters and stainless appliances
