Residential Income Property with
For Sale
$550,000
928 AVENIDA MAJORCA, Laguna Woods, CA 92637
Laguna Woods, CA
Property Size1,009 SF
Lot Size0.02 Acres
Price / SF$545.09
Days on Market172
Property Features for 928 AVENIDA MAJORCA
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Laundry Room, Bathroom 1, Bedroom 1
Parking
1
Fireplace
1
Subdivision
Leisure World (LW)
Elementary school district
Laguna Beach Unified
Middle school district
Laguna Beach Unified
High school district
Laguna Beach Unified
Directions
BEST ENTRANCE IS GATE 5
Standard status
Active
APN
62111110
Size
1,009 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$762 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central, Fireplace(s)
Cooling system
Central Air
Water source
Public
Amenities
sunroom
walkways
greenbelts
creek-walk
Building Details
Year built
1967
Floors in Building
1
Number of units
1
Listing Agency:
Mark 1 Real Estate, Inc.
(714) 752-5718
Listed By:
Miguel Chavez · License #01031517
(714) 709-3785
Added: May 1
Changed: Oct 17
Last Checked: Oct 19 at 7:06AM
MLS# PW26109041
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 one-story co-op residence offers 1,009 square feet with two bedrooms, two bathrooms, a living room, sunroom, kitchen, and laundry room. The kitchen includes updated cabinetry, while central heating and central air provide year-round climate control. A fireplace is also present.
The property includes access to maintained walkways, greenbelts, and a creek-walk within the surrounding residential community. Public water and public sewer serve the residence. Built in 1967, the home is located at 928 Avenida Majorca in Laguna Woods, California 92637.
The property includes access to maintained walkways, greenbelts, and a creek-walk within the surrounding residential community. Public water and public sewer serve the residence. Built in 1967, the home is located at 928 Avenida Majorca in Laguna Woods, California 92637.
Key Highlights
- 1,009‑square‑foot one‑story co‑op residence
- Two bedrooms, two bathrooms, living room, sunroom, kitchen, and laundry room
- Updated kitchen cabinetry with central heating and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,259
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
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
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 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 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,723 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
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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 - One-story co-op residence with updated kitchen cabinetry, central climate control, and access to landscaped walkways and greenbelts.
Where is this residential income property located?
The property is located at 928 AVENIDA MAJORCA Laguna Woods, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,009‑square‑foot one‑story co‑op residence; Two bedrooms, two bathrooms, living room, sunroom, kitchen, and laundry room; Updated kitchen cabinetry with central heating and central air
