2137 Ronda Granada Unit A · Laguna Woods, CA 92637

$269,000

2 bd · 2.0 ba · 1,057 sqft · Condo · 209 Days on market

Built 1968 $254/sqft · 31% below area Est $392k · 31% under $1030/mo HOA · 34% 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
• Appreciation +7.9/10.0
• 1% rule +6.3/10.0
• Cash flow +6.2/30.0
• Schools +5.6/10.0
• Rent growth +4.2/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• DSCR +0.5/10.0

Listing remarks MLS

Welcome to 2137 Ronda Granada, a light-filled single-level 2-bed, 2-bath Castilla unit (approx. 1,057 sq ft) in the desirable 55+ gated community of Laguna Woods Village. Enjoy an open floor plan with a spacious living area, granite-topped kitchen, and a sunny balcony with west-facing views. The primary suite offers comfort and privacy, complemented by thoughtful touches like air conditioning and a cozy fireplace. Residents here enjoy resort-style amenities including golf, tennis, pools, fitness centers, clubhouses, and community transportation—all within a secure, beautifully maintained setting. With convenient parking and low-maintenance living, this unit delivers the perfect blend of comfort, location, and lifestyle.

Key facts

• Air conditioning
• Open floor plan
• Primary suite

Tags

• OPEN FLOOR PLAN
• GRANITE TOPPED KITCHEN
• SUNNY BALCONY
• WEST FACING VIEWS
• PRIMARY SUITE
• AIR CONDITIONING

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $269k.

Deal economics

• At list price, monthly cash flow is $-489 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $198k (26.3% below list).
• Meets the 1% rule at list price ($3k rent vs $269k).
• Recommended offer: $198k (26.3% below list) — sets the bar for cash-flow.
• Cap rate 4.1% 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); 40% 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 $3,038/mo this rent would consume 62% 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 $18k of equity ($2k loan paydown + $16k 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 3, paydown + projected appreciation supports a ~$44k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 209 days — a 12% lower offer ($237k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago; this cycle's ask has dropped $46k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 34% of rent.

Recommended offer $198,191 (26.3% 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 209 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1968 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.13% ✓
• Cap rate: 4.11%
• Cash-on-cash: -7.80%
• DSCR: 0.65
• GRM: 7.4

CMA / ARV

• ARV (median comp): $391,646
• List price: $269,000
• Delta: -31.32%
• 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: 11.1%
• Equity multiple: 1.76×
• Total profit: $57,350
• Equity at exit: $167,133

10-year hold

• IRR: 14.1%
• Equity multiple: 3.97×
• Total profit: $223,395
• Equity at exit: $301,401

Cash invested: $75,320 (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: 7.4×

Monthly cashflow live

• Estimated rent: $3,038 high
• Mortgage (P&I): −$1,411
• Tax est. 1.5%: −$336 /mo · $4,035/yr
• Insurance: −$112
• HOA: −$1,030
• Vacancy / Maint / Mgmt: −$638
• Net cashflow: $-489

Break-even live

Break-even rent $3,657

Max offer price $198,191

Occupancy floor —

Sensitivity live

Price	-10% $-303	-5% $-396	+0% $-489	+5% $-582	+10% $-675
Rent	-10% $-729	-5% $-609	+0% $-489	+5% $-369	+10% $-249
Rate	-1.0pp $-354	-0.5pp $-421	base $-489	+0.5pp $-559	+1.0pp $-630

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: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2049 Via Mariposa E Unit H Laguna Woods, CA	2.0	1.0	866	$2,900	$3.35	45d	1	0.19mi
2022 Via Mariposa E Unit B Laguna Woods, CA	2.0	2.0	1325	$3,200	$2.42	20d	1	0.25mi
2269 Via Puerta Unit N Laguna Woods, CA	2.0	2.0	1057	$2,700	$2.55	20d	1	0.25mi
2293 Via Puerta Unit O Laguna Woods, CA	2.0	2.0	1057	$3,100	$2.93	20d	1	0.27mi
2022 Via Mariposa E Unit D Laguna Woods, CA	2.0	2.0	1305	$4,000	$3.07	45d	1	0.29mi
2369 Via Mariposa E Unit 1B Laguna Woods, CA	2.0	2.0	1340	$2,950	$2.20	45d	1	0.31mi
2037 Via Mariposa E Laguna Woods, CA	2.0	2.0	1325	$3,300	$2.49	45d	1	0.34mi
2324 Via Puerta Laguna Woods, CA	2.0	2.0	1009	$2,800	$2.78	45d	1	0.38mi
2014 Via Mariposa W Unit A Laguna Woods, CA	2.0	2.0	1040	$2,850	$2.74	45d	1	0.46mi
23333 Ridge Route Dr Lake Forest, CA	1.0–2.0	1.0–2.0	892	$3,100	$3.47	3d	9	0.47mi
24299 Paseo De Valencia Laguna Woods, CA	2.0	2.0	1347	$3,770	$2.80	23d	7	0.48mi
263 Calle Aragon Unit A Laguna Woods, CA	2.0	2.0	1275	$3,800	$2.98	18d	1	0.50mi
8 Via Castilla Unit S Laguna Woods, CA	2.0	2.0	1000	$3,000	$3.00	45d	1	0.50mi
8 Via Castilla Laguna Woods, CA	2.0	2.0	1000	$3,250	$3.25	45d	1	0.50mi
8 Via Castilla Unit T Laguna Woods, CA	2.0	2.0	1040	$2,650	$2.55	6d	1	0.50mi
8 Via Castilla Unit N Laguna Woods, CA	2.0	2.0	1040	$3,250	$3.12	25d	1	0.50mi
969 Calle Aragon Unit 1B Laguna Woods, CA	2.0	2.0	1195	$2,900	$2.43	25d	1	0.55mi
29 Calle Aragon Unit Q Laguna Woods, CA	2.0	2.0	1040	$3,100	$2.98	45d	1	0.57mi
21 Avenida Castilla Unit D Laguna Woods, CA	2.0	2.0	940	$3,200	$3.40	20d	1	0.58mi
254 Calle Aragon Unit D Laguna Woods, CA	2.0	2.0	1009	$3,000	$2.97	18d	1	0.60mi
53 Calle Aragon Unit O Laguna Woods, CA	1.0	1.0	770	$2,200	$2.86	14d	1	0.66mi
281 Avenida Carmel Unit 0Q Laguna Woods, CA	1.0	1.0	770	$2,300	$2.99	45d	1	0.68mi
59 Calle Cadiz Unit B Laguna Woods, CA	2.0	2.0	1070	$3,500	$3.27	45d	1	0.68mi
46 Calle Aragon Unit R Laguna Woods, CA	2.0	2.0	1040	$2,800	$2.69	20d	1	0.70mi
74 Calle Aragon Unit A Laguna Woods, CA	2.0	1.0	950	$2,700	$2.84	25d	1	0.73mi
57 Calle Cadiz Unit N Laguna Woods, CA	2.0	2.0	1040	$2,900	$2.79	4d	1	0.75mi
57 Calle Cadiz Laguna Woods, CA	2.0	2.0	1040	$2,800	$2.69	45d	1	0.75mi
132 Avenida Majorca Unit B Laguna Woods, CA	2.0	1.0	995	$2,400	$2.41	7d	1	0.84mi
479 Calle Cadiz Unit B Laguna Woods, CA	2.0	2.0	1050	$3,300	$3.14	0d	1	0.85mi
479 Calle Cadiz Unit B Laguna Woods, CA	2.0	2.0	1050	$3,300	$3.14	18d	1	0.85mi
477 Calle Cadiz Unit A Laguna Woods, CA	1.0	1.0	770	$2,500	$3.25	25d	1	0.88mi
92 Calle Aragon Unit R Laguna Woods, CA	2.0	2.0	1009	$2,650	$2.63	20d	1	0.91mi
24391 Avenida de la Carlota Laguna Hills, CA	1.0–2.0	1.0–2.0	957	$3,965	$4.14	0d	19	0.94mi
205 Avenida Majorca Unit A Laguna Woods, CA	2.0	2.0	1278	$3,600	$2.82	45d	1	0.94mi
23491 Via San Miguel Aliso Viejo, CA	3.0	2.0	1240	$3,850	$3.10	14d	1	0.96mi
480 Calle Cadiz Unit B Laguna Woods, CA	2.0	2.0	1324	$3,100	$2.34	45d	1	0.96mi
107 Via Estrada Laguna Woods, CA	2.0	2.0	1040	$2,700	$2.60	25d	1	0.98mi
494 Calle Cadiz Laguna Woods, CA	2.0	2.0	1000	$3,900	$3.90	45d	1	0.99mi
224 Avenida Majorca Unit B Laguna Woods, CA	2.0	2.0	1009	$2,600	$2.58	45d	1	0.99mi
221 Avenida Majorca Unit D Laguna Woods, CA	2.0	2.0	1438	$3,200	$2.23	25d	1	1.02mi

HOA detail condo

• Monthly dues: $1,030 · $12,360/yr
• Likely covers: poolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-21
   days on market $269,000 Active 209 DOM
2. 2026-06-18
   days on market $269,000 Active 206 DOM
3. 2026-06-17
   days on market $269,000 Active 205 DOM
4. 2026-06-16
   days on market $269,000 Active 204 DOM
5. 2026-06-15
   days on market $269,000 Active 203 DOM
6. 2026-06-13
   days on market $269,000 Active 201 DOM
7. 2026-06-13
   pricedays on market $269,000 Active 200 DOM
8. 2026-06-09
   days on market $279,000 Active 197 DOM
9. 2026-06-08
   days on market $279,000 Active 196 DOM
10. 2026-06-07
    days on market $279,000 Active 195 DOM
11. 2026-06-04
    days on market $279,000 Active 192 DOM
12. 2026-06-03
    days on market $279,000 Active 191 DOM
13. 2026-06-02
    days on market $279,000 Active 190 DOM
14. 2026-06-01
    days on market $279,000 Active 189 DOM
15. 2026-05-31
    days on market $279,000 Active 188 DOM
16. 2026-05-18
    price $279,000 735-char remark

    Show marketing remark (735 chars)

    Welcome to 2137 Ronda Granada, a light-filled single-level 2-bed, 2-bath Castilla unit (approx. 1,057 sq ft) in the desirable 55+ gated community of Laguna Woods Village. Enjoy an open floor plan with a spacious living area, granite-topped kitchen, and a sunny balcony with west-facing views. The primary suite offers comfort and privacy, complemented by thoughtful touches like air conditioning and a cozy fireplace. Residents here enjoy resort-style amenities including golf, tennis, pools, fitness centers, clubhouses, and community transportation—all within a secure, beautifully maintained setting. With convenient parking and low-maintenance living, this unit delivers the perfect blend of comfort, location, and lifestyle.

17. 2026-04-14
    price $299,000 735-char remark

    Show marketing remark (735 chars)

    Welcome to 2137 Ronda Granada, a light-filled single-level 2-bed, 2-bath Castilla unit (approx. 1,057 sq ft) in the desirable 55+ gated community of Laguna Woods Village. Enjoy an open floor plan with a spacious living area, granite-topped kitchen, and a sunny balcony with west-facing views. The primary suite offers comfort and privacy, complemented by thoughtful touches like air conditioning and a cozy fireplace. Residents here enjoy resort-style amenities including golf, tennis, pools, fitness centers, clubhouses, and community transportation—all within a secure, beautifully maintained setting. With convenient parking and low-maintenance living, this unit delivers the perfect blend of comfort, location, and lifestyle.

18. 2025-11-24
    listed $315,000 Active 735-char remark

    Show marketing remark (735 chars)

    Welcome to 2137 Ronda Granada, a light-filled single-level 2-bed, 2-bath Castilla unit (approx. 1,057 sq ft) in the desirable 55+ gated community of Laguna Woods Village. Enjoy an open floor plan with a spacious living area, granite-topped kitchen, and a sunny balcony with west-facing views. The primary suite offers comfort and privacy, complemented by thoughtful touches like air conditioning and a cozy fireplace. Residents here enjoy resort-style amenities including golf, tennis, pools, fitness centers, clubhouses, and community transportation—all within a secure, beautifully maintained setting. With convenient parking and low-maintenance living, this unit delivers the perfect blend of comfort, location, and lifestyle.

19. 2019-05-30
    historical
20. 2019-04-30
    status Active
21. 2019-04-10
    historical Hold Do Not Show
22. 2019-04-04
    price $210,000
23. 2019-01-27
    listed $220,000 Active

ⓘ 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 ≥91°F today · 16 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: $36,450
• − Mortgage interest: −$15,068
• − Property taxes: −$4,035
• − Insurance: −$1,345
• − Repairs & maintenance: −$2,916
• − Management: −$2,916
• − HOA: −$12,360
• − Depreciation: −$7,825
• Taxable loss: −$10,015
• Est. tax savings @ 24.0%: +$2,404
• After-tax cash flow: $-3,468/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

+26.8% since first listed

8 events — show timeline

• 2026-05-18 Price Changed $279,000 CRMLS
• 2026-04-14 Price Changed $299,000 CRMLS
• 2025-11-24 Listed $315,000 CRMLS
• 2019-05-30 Listing Removed — CRMLS
• 2019-04-30 Relisted — CRMLS
• 2019-04-10 Delisted — CRMLS
• 2019-04-04 Price Changed $210,000 CRMLS
• 2019-01-27 Listed $220,000 CRMLS