Upgraded Two-Bedroom Income
923 Avenida Majorca, Laguna Woods, CA 92637
For Sale
$449,990
Laguna Woods, CA
Property Size1,050 SF
Price / SF$428.56
Days on Market54
Property Features for 923 Avenida Majorca
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Spa
Window features
Patio and Porch features
Interior features
Appliances
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
Size
Taxes and HOA fees
HOA Fee
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
27-hole championship golf course
9-hole executive par 3 courses
tennis
paddle tennis
lawn bowling
2 fitness centers
7 clubhouses
5 swimming pools
equestrian center
horse stables
gardening
art studio
shuffleboard courts
craft and hobby workshops
game rooms
billiard rooms
world-class woodshop
over 200 clubs and organizations
free bus transportation
walk-in bathtub/shower
stacked washer/dryer hook ups
Building Details
Year built
Floors in Building
Number of units
Flooring type
Architectural style
Listing Agency:
Laguna Premier Realty Inc.
(949) 900-6930
Listed By:
Lisa Post-Letourneau · License #00879175
(714) 928-3976
Added: Sep 17
Changed: Nov 6
Last Checked: Nov 9 at 10:06AM
MLS# OC26204111
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.
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Investment Insights
Based on property information with market context.
This 1,050-square-foot Madrid Model residential property, built in 1968, offers two bedrooms, two bathrooms, and a den. Interior improvements include a remodeled kitchen with granite countertops, stainless steel sink, electric range, oven, dishwasher, microwave, added storage, and counter seating. The living room and dining area feature warm wood flooring, while the kitchen and bathrooms have tile flooring. Crown molding, recessed lighting, smooth ceilings, dual-pane vinyl windows, cedar-lined closets, and updated bathroom fixtures add further detail. A private patio includes extra storage, and stacked washer/dryer hookups are located in the hall closet.
The property includes carport #682-8 and nearby guest parking. Community amenities include a private 27-hole championship golf course, 9-hole executive par 3 courses, tennis, paddle tennis, 5 swimming pools, 7 clubhouses, 2 fitness centers, an equestrian center, gardening areas, workshops, and more than 200 clubs and organizations. Free community bus transportation, shopping, restaurants, freeways, hospital, and medical facilities are also noted nearby.
The property includes carport #682-8 and nearby guest parking. Community amenities include a private 27-hole championship golf course, 9-hole executive par 3 courses, tennis, paddle tennis, 5 swimming pools, 7 clubhouses, 2 fitness centers, an equestrian center, gardening areas, workshops, and more than 200 clubs and organizations. Free community bus transportation, shopping, restaurants, freeways, hospital, and medical facilities are also noted nearby.
Key Highlights
- 1,050‑square‑foot Madrid Model with 2 bedrooms, 2 bathrooms, and a den
- Remodeled kitchen with granite countertops, appliances, storage, and counter seating
- Private patio with additional storage and easy kitchen access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,042
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,840
$400.8K
Cap Rate 7%
$286,314
$286.3K
Cap Rate 9%
$222,689
$222.7K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$37.8K $36.00/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$36.4K $34.70/SF
− OpEx
−$16.4K −$15.62/SF
NOI
$20.0K $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 Rate 5%
$400,840
Cap Rate 7%
$286,314
Cap Rate 9%
$222,689
Alternative Uses
Best Use
Apartment 5plus
$286.3K
$250.5K – $334.0K
NOI $20,042 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.7K
$308.6K – $411.5K
NOI $24,687 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
324
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
$364,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Orange County, CA
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen, private patio, and access to extensive community recreation amenities define this residential property.
Where is this residential income property located?
The property is located at 923 Avenida Majorca Laguna Woods, CA.
What is the asking price?
The asking price for this property is $449,990.
What are key features of this property?
This property features: 1,050‑square‑foot Madrid Model with 2 bedrooms, 2 bathrooms, and a den; Remodeled kitchen with granite countertops, appliances, storage, and counter seating; Private patio with additional storage and easy kitchen access
