118 Via Estrada Unit D · Laguna Woods, CA 92637

$315,000

2 bd · 2.0 ba · 1,040 sqft · Condo · 60 Days on market

Built 1965 $303/sqft · at area comps Est $326k · at est. $827/mo HOA · 28% of rent

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Why this score? — see what drove the D 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 +9.0/15.0
• Appreciation +7.9/10.0
• Schools +5.6/10.0
• Cash flow +5.5/30.0
• 1% rule +4.4/10.0
• Rent growth +4.2/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0

Listing remarks MLS

Majorca-No Steps- model walking distance to Gate 2 and bus stop. Delightful enclosed patio and heat pump. Four ceiling fans, raised kitchen counters, new paint and freshly cleaned carpet ( Mrs. "clean" lived here). Partial dual- paned windows. Washer dryer built in. Enjoy all the security and amenities of Laguna Woods.

Key facts

• $827 HOA
• Parking
• Community pool

Property features AI

Finance

• Financial info: Property is a stock cooperative with 16 total units in this building and many units in the community
• HOA & community: Part of United Laguna Woods Mutual association; Monthly association fee; Association amenities include pool, spa, clubhouse, gym/exercise room, golf, tennis, pickleball, paddle tennis, bocce, hiking trails, meeting/banquet/card rooms, controlled access, trash, sewer, cable TV, maintenance of grounds and front yard, pet rules and permitted pets, and more; Senior community; Community features include biking, dog park, sidewalks, street lighting, and nearby preserve/public land

Exterior

• Parking: Assigned carport (detached); One carport space (space 3 identified in carport 106); Guest parking available
• Security: Controlled access; Association security
• Utilities: 220V in kitchen; 220V in laundry; Public sewer; District/public water; Sewer, cable, electricity, and water connected; Natural gas not available
• Home design: Multi-family property (stock cooperative); Attached property; One-level entry (entry level 1); Two total stories in building; Model: Majorca
• Construction: Estimated year built; Two or more common walls (no one below)
• Exterior features: Enclosed patio; In-ground heated pool with lap/exercise lanes and diving board (association); Association-maintained grounds; Has view; Patio present

Interior

• Kitchen: Dishwasher; Electric oven; Electric stove / range; Range/stove hood; Garbage disposal; Electric water heater; Eating area; Formica counters
• Bedrooms: Primary bedroom on main floor; Main floor bedroom (total 2 main level bedrooms)
• Flooring: Tile; Carpet
• Bathrooms: One full bathroom; One three-quarter bathroom; Walk-in shower; Shower-in-tub; Exhaust fan(s); Formica counters in bathrooms
• Heating & cooling: Radiant heating; Electric heating; Heat pump; Wall or window cooling units
• Interior features: Unfurnished; Ceiling fan; Formica counters; Sliding glass door(s); Double-pane windows with blinds and screens; No interior steps
• Laundry & utility: Washer included; Dryer included (electric dryer hookup); Washer hookup; Washer/dryer stackable option; Laundry located inside (in closet)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $315k.

Deal economics

• At list price, monthly cash flow is $-667 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $219k (30.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $296k (6.1% below list).
• Recommended offer: $219k (30.6% below list) — sets the bar for cash-flow.
• Cap rate 3.8% 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: amenities D+, cost of living F, health & safety 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.
• Zoned schools: San Joaquin Elementary (247 students, 76% FRL); La Paz Intermediate (706 students, 38% FRL); Laguna Hills High (math 39% / reading 72%, grade C, #246 of 1,170 statewide, top 21%, 1,434 students, 53% FRL) — zoned schools average 56% FRL vs 22% district-wide (34 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.8%/yr); 190 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); 6,974 units permitted in Orange County in 2024 (3,839 in 5+ unit buildings).
• At $2,959/mo this rent would consume 60% 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 $21k of equity ($2k loan paydown + $19k appreciation (5.9% local appreciation)).
• Orange County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($306k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $158k; list at $315k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 28% of rent.

Recommended offer $218,540 (30.6% 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 60 days. Have you received any prior offers? Is the seller open to a 31% 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.94% ✗
• Cap rate: 3.75%
• Cash-on-cash: -9.07%
• DSCR: 0.60
• GRM: 8.9

CMA / ARV

• ARV (median comp): $325,536
• List price: $315,000
• Delta: -3.24%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 9.7%
• Equity multiple: 1.66×
• Total profit: $58,585
• Equity at exit: $195,714

10-year hold

• IRR: 12.7%
• Equity multiple: 3.66×
• Total profit: $234,963
• Equity at exit: $352,942

Cash invested: $88,200 (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: 190
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,959 high
• Mortgage (P&I): −$1,652
• Tax est. 1.5%: −$394 /mo · $4,725/yr
• Insurance: −$131
• HOA: −$827
• Vacancy / Maint / Mgmt: −$621
• Net cashflow: $-667

Break-even live

Break-even rent $3,802

Max offer price $218,540

Occupancy floor —

Sensitivity live

Price	-10% $-449	-5% $-558	+0% $-667	+5% $-775	+10% $-884
Rent	-10% $-900	-5% $-783	+0% $-667	+5% $-550	+10% $-433
Rate	-1.0pp $-508	-0.5pp $-586	base $-667	+0.5pp $-748	+1.0pp $-831

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
205 Avenida Majorca Unit A Laguna Woods, CA	2.0	2.0	1278	$3,600	$2.82	45d	1	0.09mi
107 Via Estrada Laguna Woods, CA	2.0	2.0	1040	$2,700	$2.60	26d	1	0.11mi
224 Avenida Majorca Unit B Laguna Woods, CA	2.0	2.0	1009	$2,600	$2.58	45d	1	0.12mi
132 Avenida Majorca Unit B Laguna Woods, CA	2.0	1.0	995	$2,400	$2.41	8d	1	0.16mi
221 Avenida Majorca Unit D Laguna Woods, CA	2.0	2.0	1438	$3,200	$2.23	26d	1	0.16mi
74 Calle Aragon Unit A Laguna Woods, CA	2.0	1.0	950	$2,700	$2.84	26d	1	0.17mi
92 Calle Aragon Unit R Laguna Woods, CA	2.0	2.0	1009	$2,650	$2.63	20d	1	0.23mi
46 Calle Aragon Unit R Laguna Woods, CA	2.0	2.0	1040	$2,800	$2.69	20d	1	0.25mi
170 Avenida Majorca Unit D Laguna Woods, CA	2.0	1.0	1000	$2,500	$2.50	26d	1	0.26mi
479 Calle Cadiz Unit B Laguna Woods, CA	2.0	2.0	1050	$3,300	$3.14	19d	1	0.30mi
479 Calle Cadiz Unit B Laguna Woods, CA	2.0	2.0	1050	$3,300	$3.14	0d	1	0.30mi
158 Avenida Majorca Unit D Laguna Woods, CA	2.0	1.0	1300	$3,200	$2.46	45d	1	0.31mi
254 Calle Aragon Unit D Laguna Woods, CA	2.0	2.0	1009	$3,000	$2.97	19d	1	0.32mi
477 Calle Cadiz Unit A Laguna Woods, CA	1.0	1.0	770	$2,500	$3.25	26d	1	0.32mi
57 Calle Cadiz Laguna Woods, CA	2.0	2.0	1040	$2,800	$2.69	45d	1	0.33mi
57 Calle Cadiz Unit N Laguna Woods, CA	2.0	2.0	1040	$2,900	$2.79	4d	1	0.33mi
53 Calle Aragon Unit O Laguna Woods, CA	1.0	1.0	770	$2,200	$2.86	14d	1	0.33mi
59 Calle Cadiz Unit B Laguna Woods, CA	2.0	2.0	1070	$3,500	$3.27	45d	1	0.35mi
169 Avenida Majorca Unit B Laguna Woods, CA	3.0	1.0	1200	$1,400	$1.17	45d	1	0.36mi
480 Calle Cadiz Unit B Laguna Woods, CA	2.0	2.0	1324	$3,100	$2.34	45d	1	0.36mi
599 Avenida Majorca Unit A Laguna Woods, CA	2.0	1.0	950	$3,200	$3.37	45d	1	0.36mi
24555 Los Alisos Blvd Laguna Hills, CA	2.0	2.0	1007	$3,356	$3.33	45d	1	0.37mi
24555 Los Alisos Blvd Laguna Hills, CA	2.0	2.0	1014	$3,250	$3.21	17d	1	0.37mi
24555 Los Alisos Blvd Laguna Hills, CA	1.0	1.0	739	$2,515	$3.40	9d	1	0.37mi
969 Calle Aragon Unit 1B Laguna Woods, CA	2.0	2.0	1195	$2,900	$2.43	26d	1	0.40mi
29 Calle Aragon Unit Q Laguna Woods, CA	2.0	2.0	1040	$3,100	$2.98	45d	1	0.40mi
494 Calle Cadiz Laguna Woods, CA	2.0	2.0	1000	$3,900	$3.90	45d	1	0.41mi
606 Avenida Sevilla Unit C Laguna Woods, CA	2.0	2.0	1057	$2,900	$2.74	45d	1	0.42mi
737 Avenida Majorca Unit B Laguna Woods, CA	2.0	1.0	935	$3,200	$3.42	26d	1	0.43mi
24299 Paseo De Valencia Laguna Woods, CA	2.0	2.0	1347	$3,770	$2.80	23d	7	0.43mi
24391 Avenida de la Carlota Laguna Hills, CA	1.0–2.0	1.0–2.0	957	$3,965	$4.14	0d	19	0.45mi
21 Avenida Castilla Unit D Laguna Woods, CA	2.0	2.0	940	$3,200	$3.40	20d	1	0.47mi
661 Avenida Sevilla Unit B Laguna Woods, CA	2.0	2.0	1009	$2,850	$2.82	9d	1	0.48mi
715 Avenida Majorca Unit O Laguna Woods, CA	2.0	2.0	1040	$2,750	$2.64	5d	1	0.53mi
8 Via Castilla Unit N Laguna Woods, CA	2.0	2.0	1040	$3,250	$3.12	26d	1	0.54mi
8 Via Castilla Laguna Woods, CA	2.0	2.0	1000	$3,250	$3.25	45d	1	0.54mi
8 Via Castilla Unit T Laguna Woods, CA	2.0	2.0	1040	$2,650	$2.55	7d	1	0.54mi
8 Via Castilla Unit S Laguna Woods, CA	2.0	2.0	1000	$3,000	$3.00	45d	1	0.54mi
676 Via Alhambra Unit D Laguna Woods, CA	2.0	2.0	1057	$2,595	$2.46	26d	1	0.55mi
754 Avenida Majorca Laguna Woods, CA	2.0	2.0	953	$3,350	$3.52	45d	1	0.60mi

HOA detail condo

• Monthly dues: $827 · $9,924/yr
• Likely covers: security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-06-21
   days on market $315,000 Active 60 DOM
2. 2026-06-18
   days on market $315,000 Active 57 DOM
3. 2026-06-17
   days on market $315,000 Active 56 DOM
4. 2026-06-16
   days on market $315,000 Active 55 DOM
5. 2026-06-15
   days on market $315,000 Active 54 DOM
6. 2026-06-13
   days on market $315,000 Active 52 DOM
7. 2026-06-13
   days on market $315,000 Active 51 DOM
8. 2026-06-09
   days on market $315,000 Active 48 DOM
9. 2026-06-08
   days on market $315,000 Active 47 DOM
10. 2026-06-07
    days on market $315,000 Active 46 DOM
11. 2026-06-04
    days on market $315,000 Active 43 DOM
12. 2026-06-03
    days on market $315,000 Active 42 DOM
13. 2026-06-02
    days on market $315,000 Active 41 DOM
14. 2026-06-01
    days on market $315,000 Active 40 DOM
15. 2026-05-31
    days on market $315,000 Active 39 DOM
16. 2026-04-22
    listed $315,000 Active 1306-char remark
17. 2026-04-19
    historical $315,000 1306-char remark
18. 2013-07-26
    soldstatus $157,750 Closed 331-char remark

    Show marketing remark (331 chars)

    Majorca-No Steps- model walking distance to Gate 2 and bus stop. Delightful enclosed patio and heat pump. Four ceiling fans, raised kitchen counters, new paint and freshly cleaned carpet ( Mrs. "clean" lived here). Partial dual- paned windows. Washer dryer built in. Enjoy all the security and amenities of Laguna Woods.

19. 2013-07-03
    status Pending 331-char remark

    Show marketing remark (331 chars)

    Majorca-No Steps- model walking distance to Gate 2 and bus stop. Delightful enclosed patio and heat pump. Four ceiling fans, raised kitchen counters, new paint and freshly cleaned carpet ( Mrs. "clean" lived here). Partial dual- paned windows. Washer dryer built in. Enjoy all the security and amenities of Laguna Woods.

20. 2013-07-01
    listed $159,500 Active 331-char remark

    Show marketing remark (331 chars)

    Majorca-No Steps- model walking distance to Gate 2 and bus stop. Delightful enclosed patio and heat pump. Four ceiling fans, raised kitchen counters, new paint and freshly cleaned carpet ( Mrs. "clean" lived here). Partial dual- paned windows. Washer dryer built in. Enjoy all the security and amenities of Laguna Woods.

ⓘ 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 · 17 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: $35,503
• − Mortgage interest: −$17,645
• − Property taxes: −$4,725
• − Insurance: −$1,575
• − Repairs & maintenance: −$2,840
• − Management: −$2,840
• − HOA: −$9,924
• − Depreciation: −$9,164
• Taxable loss: −$13,210
• Est. tax savings @ 24.0%: +$3,170
• After-tax cash flow: $-4,829/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

+97.5% since first listed

5 events — show timeline

• 2026-04-22 Listed $315,000 CRMLS
• 2026-04-19 Coming Soon $315,000 CRMLS
• 2013-07-26 Sold (MLS) $157,750 CRMLS
• 2013-07-03 Pending — CRMLS
• 2013-07-01 Listed $159,500 CRMLS