367 Avenida Castilla Unit N · Laguna Woods, CA 92637

$198,000

1 bd · 1.0 ba · 770 sqft · Condo · 49 Days on market

Built 1965 $257/sqft · 36% below area Est $308k · 36% under $870/mo HOA · 31% of rent

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +12.7/30.0
• 1% rule +9.2/10.0
• Appreciation +7.9/10.0
• Schools +5.6/10.0
• Rent growth +4.2/5.0
• DSCR +3.8/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

CLEAN BRIGHT UNIT FACE TO SOUTH, COOL DURING THE HOT WEATHER. SKYLIGHT AT BATHROOM. CONVENIENT TO AVENIDA SEVILLA. ENJOY ALL THE AMENITIES OF 55+ COMMUNITY WITH GOLF, TENNIS, SWIMMING, 7 CLUB HOUSES, FREE CABLE, BUS SYSTEM.

Key facts

• $870 HOA
• Garage
• Community pool

Property features AI

Finance

• Other: Community of approximately 12,000 units; Total units in building/community: 4; Common wall with one neighbor; Living area and lot size listed as estimated
• Financial info: Is in a senior community
• HOA & community: Part of association (Golden Rain Foundation); Monthly association fee; Association amenities: card room, guard, gym/exercise room, pickleball, tennis, pool, spa, club house, billiard room, maintenance of front yard, barbecue

Exterior

• Parking: One garage space; One carport space; Two total parking spaces
• Security: Gated community with automatic gate, attendant and guard; Card/code access; 24-hour security
• Utilities: Electricity on property; Electricity available; Cable connected; Public/district water; Public sewer
• Home design: Multi-family attached property; One story; Stock cooperative; Unit backs to Avenida Sevilla; Has a view
• Construction: Attached construction; Estimated year built
• Exterior features: Patio (open); Community amenities include pool, spa, club house, barbecue and outdoor recreation

Interior

• Kitchen: Microwave; Refrigerator; Range/stove hood; Electric range/oven/stove; Formica counters; Pots & pan drawers; Eating area
• Bedrooms: Main floor bedroom (1)
• Flooring: Carpet; Laminated flooring
• Bathrooms: One full bathroom with walk-in shower
• Heating & cooling: Wall heater; Wall/window cooling
• Interior features: One-level layout; Upper entry; Card/code access and gated community with attendant and guard; 24-hour security; Association-maintained spa (in-ground, heated, community); Community pool (in-ground, heated, exercise pool)
• Laundry & utility: Community laundry area

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $198k.

Deal economics

• At list price, monthly cash flow is $-24 ($-282/yr) — negative.
• To cash-flow at today's rent, offer at most $195k (1.7% below list).
• Meets the 1% rule at list price ($3k rent vs $198k).
• Recommended offer: $192k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.2% vs local median 2.4% in Laguna Woods — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 72/100 on livability (#200 in CA) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+; Watch: schools C-, amenities D+, cost of living F.
• Saddleback Valley Unified (suburban): math 51% / reading 73% proficiency, ranked #67 of 517 in CA (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+6.8%/yr); 191 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 6,974 units permitted in Orange County in 2024 (3,839 in 5+ unit buildings).
• At $2,804/mo this rent would consume 57% of the median local household income ($59k/yr) (locally 1572% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $13k of equity ($1k loan paydown + $12k appreciation (5.9% local appreciation)).
• Orange County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.9% appreciation + 6.8% rent growth), your $55k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago; this cycle's ask has dropped $17k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $119k; list at $198k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.

Recommended offer $192,060 (3.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.42% ✓
• Cap rate: 6.15%
• Cash-on-cash: -0.51%
• DSCR: 0.98
• GRM: 5.9

CMA / ARV

• ARV (median comp): $308,438
• List price: $198,000
• Delta: -35.81%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

5.88% appreciation · 6.79% rent growth · sell at horizon

5-year hold

• IRR: 17.4%
• Equity multiple: 2.19×
• Total profit: $65,980
• Equity at exit: $123,020

10-year hold

• IRR: 19.5%
• Equity multiple: 5.02×
• Total profit: $223,024
• Equity at exit: $221,849

Cash invested: $55,440 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92637

• Home prices YoY: 3.4%
• Rents YoY: 6.8%
• Active inventory: 191
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,804 high
• Mortgage (P&I): −$1,038
• Tax est. 1.5%: −$248 /mo · $2,970/yr
• Insurance: −$82
• HOA: −$870
• Vacancy / Maint / Mgmt: −$589
• Net cashflow: $-24

Break-even live

Break-even rent $2,833

Max offer price $194,596

Occupancy floor 96%

Sensitivity live

Price	-10% $113	-5% $45	+0% $-24	+5% $-92	+10% $-160
Rent	-10% $-245	-5% $-134	+0% $-24	+5% $87	+10% $198
Rate	-1.0pp $76	-0.5pp $27	base $-24	+0.5pp $-75	+1.0pp $-127

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,500
• Closing costs: $5,940
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
477 Calle Cadiz Unit A Laguna Woods, CA	1.0	1.0	770	$2,500	$3.25	25d	1	0.21mi
494 Calle Cadiz Laguna Woods, CA	2.0	2.0	1000	$3,900	$3.90	44d	1	0.22mi
57 Calle Cadiz Unit N Laguna Woods, CA	2.0	2.0	1040	$2,900	$2.79	3d	1	0.22mi
57 Calle Cadiz Laguna Woods, CA	2.0	2.0	1040	$2,800	$2.69	44d	1	0.22mi
479 Calle Cadiz Unit B Laguna Woods, CA	2.0	2.0	1050	$3,300	$3.14	18d	1	0.23mi
59 Calle Cadiz Unit B Laguna Woods, CA	2.0	2.0	1070	$3,500	$3.27	44d	1	0.24mi
281 Avenida Carmel Unit 0Q Laguna Woods, CA	1.0	1.0	770	$2,300	$2.99	44d	1	0.28mi
21 Avenida Castilla Unit D Laguna Woods, CA	2.0	2.0	940	$3,200	$3.40	19d	1	0.29mi
53 Calle Aragon Unit O Laguna Woods, CA	1.0	1.0	770	$2,200	$2.86	13d	1	0.29mi
92 Calle Aragon Unit R Laguna Woods, CA	2.0	2.0	1009	$2,650	$2.63	19d	1	0.31mi
46 Calle Aragon Unit R Laguna Woods, CA	2.0	2.0	1040	$2,800	$2.69	19d	1	0.33mi
29 Calle Aragon Unit Q Laguna Woods, CA	2.0	2.0	1040	$3,100	$2.98	44d	1	0.34mi
8 Via Castilla Unit N Laguna Woods, CA	2.0	2.0	1040	$3,250	$3.12	25d	1	0.36mi
8 Via Castilla Unit T Laguna Woods, CA	2.0	2.0	1040	$2,650	$2.55	6d	1	0.36mi
8 Via Castilla Laguna Woods, CA	2.0	2.0	1000	$3,250	$3.25	44d	1	0.36mi
8 Via Castilla Unit S Laguna Woods, CA	2.0	2.0	1000	$3,000	$3.00	44d	1	0.36mi
254 Calle Aragon Unit D Laguna Woods, CA	2.0	2.0	1009	$3,000	$2.97	18d	1	0.39mi
74 Calle Aragon Unit A Laguna Woods, CA	2.0	1.0	950	$2,700	$2.84	25d	1	0.41mi
956 Calle Aragon Unit C Laguna Woods, CA	1.0	1.0	675	$2,700	$4.00	44d	1	0.41mi
24299 Paseo De Valencia Laguna Woods, CA	2.0	2.0	1347	$3,770	$2.80	22d	7	0.43mi
754 Avenida Majorca Laguna Woods, CA	2.0	2.0	953	$3,350	$3.52	44d	1	0.49mi
715 Avenida Majorca Unit O Laguna Woods, CA	2.0	2.0	1040	$2,750	$2.64	4d	1	0.51mi
107 Via Estrada Laguna Woods, CA	2.0	2.0	1040	$2,700	$2.60	25d	1	0.54mi
2014 Via Mariposa W Unit A Laguna Woods, CA	2.0	2.0	1040	$2,850	$2.74	44d	1	0.59mi
599 Avenida Majorca Unit A Laguna Woods, CA	2.0	1.0	950	$3,200	$3.37	44d	1	0.60mi
224 Avenida Majorca Unit B Laguna Woods, CA	2.0	2.0	1009	$2,600	$2.58	44d	1	0.61mi
737 Avenida Majorca Unit B Laguna Woods, CA	2.0	1.0	935	$3,200	$3.42	25d	1	0.64mi
132 Avenida Majorca Unit B Laguna Woods, CA	2.0	1.0	995	$2,400	$2.41	7d	1	0.65mi
2049 Via Mariposa E Unit H Laguna Woods, CA	2.0	1.0	866	$2,900	$3.35	44d	1	0.69mi
606 Avenida Sevilla Unit C Laguna Woods, CA	2.0	2.0	1057	$2,900	$2.74	44d	1	0.74mi
170 Avenida Majorca Unit D Laguna Woods, CA	2.0	1.0	1000	$2,500	$2.50	25d	1	0.77mi
2210 Via Mariposa E Unit D Laguna Woods, CA	1.0	1.0	580	$2,000	$3.45	22d	1	0.78mi
2324 Via Puerta Laguna Woods, CA	2.0	2.0	1009	$2,800	$2.78	44d	1	0.83mi
897 Ronda Sevilla Laguna Hills, CA	2.0	2.0	1009	$3,200	$3.17	44d	1	0.86mi
897 Ronda Sevilla Unit O Laguna Hills, CA	2.0	2.0	1009	$3,000	$2.97	44d	1	0.86mi
661 Avenida Sevilla Unit B Laguna Woods, CA	2.0	2.0	1009	$2,850	$2.82	8d	1	0.89mi
24555 Los Alisos Blvd Laguna Hills, CA	2.0	2.0	1007	$3,356	$3.33	44d	1	0.89mi
24555 Los Alisos Blvd Laguna Hills, CA	2.0	2.0	1014	$3,250	$3.21	16d	1	0.89mi
24555 Los Alisos Blvd Laguna Hills, CA	1.0	1.0	739	$2,515	$3.40	8d	1	0.89mi
676 Via Alhambra Unit D Laguna Woods, CA	2.0	2.0	1057	$2,595	$2.46	25d	1	0.90mi

HOA detail condo

• Monthly dues: $870 · $10,440/yr
• Likely covers: cable
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $198,000 Active 49 DOM
2. 2026-06-17
   days on market $198,000 Active 48 DOM
3. 2026-06-16
   days on market $198,000 Active 47 DOM
4. 2026-06-15
   pricedays on market $198,000 Active 46 DOM
5. 2026-06-13
   days on market $200,000 Active 44 DOM
6. 2026-06-13
   days on market $200,000 Active 43 DOM
7. 2026-06-09
   days on market $200,000 Active 40 DOM
8. 2026-06-08
   days on market $200,000 Active 39 DOM
9. 2026-06-07
   days on market $200,000 Active 38 DOM
10. 2026-06-04
    days on market $200,000 Active 35 DOM
11. 2026-06-03
    days on market $200,000 Active 34 DOM
12. 2026-06-02
    days on market $200,000 Active 33 DOM
13. 2026-06-01
    days on market $200,000 Active 32 DOM
14. 2026-05-31
    days on market $200,000 Active 31 DOM
15. 2026-05-11
    price $200,000 1187-char remark
16. 2026-04-30
    listed $215,000 Active 1187-char remark
17. 2025-07-09
    historical $2,250
18. 2025-06-09
    listed $2,250
19. 2006-08-28
    soldstatus $118,900 223-char remark

    Show marketing remark (223 chars)

    CLEAN BRIGHT UNIT FACE TO SOUTH, COOL DURING THE HOT WEATHER. SKYLIGHT AT BATHROOM. CONVENIENT TO AVENIDA SEVILLA. ENJOY ALL THE AMENITIES OF 55+ COMMUNITY WITH GOLF, TENNIS, SWIMMING, 7 CLUB HOUSES, FREE CABLE, BUS SYSTEM.

20. 2006-05-28
    listed $118,900 223-char remark

    Show marketing remark (223 chars)

    CLEAN BRIGHT UNIT FACE TO SOUTH, COOL DURING THE HOT WEATHER. SKYLIGHT AT BATHROOM. CONVENIENT TO AVENIDA SEVILLA. ENJOY ALL THE AMENITIES OF 55+ COMMUNITY WITH GOLF, TENNIS, SWIMMING, 7 CLUB HOUSES, FREE CABLE, BUS SYSTEM.

21. 2006-05-23
    historical
22. 2006-02-22
    listed $157,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 5 d/yr ≥92°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,643
• − Mortgage interest: −$11,091
• − Property taxes: −$2,970
• − Insurance: −$990
• − Repairs & maintenance: −$2,691
• − Management: −$2,691
• − HOA: −$10,440
• − Depreciation: −$5,760
• Taxable loss: −$2,991
• Est. tax savings @ 24.0%: +$718
• After-tax cash flow: $436/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Saddleback Valley Unified
• NCES district ID: 0633860
• Math proficiency: 51% ▼ -2.00%
• Reading proficiency: 73% ▲ 9.00%
• Median HH income: $85,577
• Composite: 56.05/100
• National rank: #1185
• State rank: #67 of 517 in CA

Livability — Laguna Woods

• Score: 72/100
• State rank: #200
• US rank: #6421

Category grades

Amenities D+ Commute A+ Cost of living F Crime A+ Employment C Housing B- Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laguna Woods, CA
• County: Orange County · 3,096,323 people
• City population: 17,289
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 17,289
• Household income: $59,269
• Rent vs Own: 28.4% rent · 71.6% own
• Severe rent burden: 1572.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 3,477,456 people
• By 2030: 3,613,117 · +3.9%
• By 2040: 3,835,945 · +10.3%
• By 2050: 3,968,736 · +14.1%
• By 2075: 4,097,053 · +17.8%
• By 2100: 3,903,633 · +12.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Asian 24% Hispanic / Latino 5% Two or more races 3%
• Common ancestry: Romanian 4% Scotch-Irish 4% Lithuanian 3%
• Foreign-born: 31% · China, South Korea, Canada
• Languages at home: 72% English-only · Chinese 8% Korean 7% Other Indo-European 3%

Political lean MEDSL · Orange

• 2024 margin: Toss-up / Even · D 49.7% · R 47.1% · Other 3.2%
• 2008→2024 swing: +5.2pp toward D · 2008: -2.6pp · 2024: 2.6pp
• All cycles: 2024: D+2.6 2020: D+9.0 2016: D+7.7 2012: R+8.3 2008: R+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.88%
• Current HPI: 180.1191
• Rent YoY: ▲ 6.79%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+25.7% since first listed

9 events — show timeline

• 2026-06-14 Price Changed $198,000 CRMLS
• 2026-05-11 Price Changed $200,000 CRMLS
• 2026-04-30 Listed $215,000 CRMLS
• 2025-07-09 Rental Removed $2,250 CRMLS
• 2025-06-09 Listed for Rent $2,250 CRMLS
• 2006-08-28 Sold (MLS) $118,900 CRMLS
• 2006-05-28 Listed $118,900 CRMLS
• 2006-05-23 Listing Removed — CRMLS
• 2006-02-22 Listed $157,500 CRMLS