367 Avenida Castilla Unit A · Laguna Woods, CA 92637

$230,000

1 bd · 1.0 ba · 770 sqft · Condo · 16 Days on market

Built 1965 $299/sqft · 20% below area Est $289k · 20% under $880/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
• Appreciation +7.9/10.0
• Cash flow +7.8/30.0
• 1% rule +7.2/10.0
• Schools +5.6/10.0
• Rent growth +4.2/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• DSCR +1.9/10.0

Listing remarks MLS

significant price reduction! Ready to open escrow . Surrounded by lush landscaping and mature shade trees in the highly desirable 55+ community of Laguna Woods Village, this beautifully upgraded garden-style Cadiz residence offers serene, single-level living. This approximately 770-square-foot home features one bedroom and one bathroom with a thoughtfully designed, open floor plan. Enjoy a ground-floor with no steps, making this home both convenient and accessible. Recent upgrades include newer windows and newer wood flooring. The spacious living room is filled with natural light, creating a bright and welcoming atmosphere. The kitchen features stainless-steel appliances, updated countertops, a window over the sink, a newer garbage disposal, and a newer refrigerator. The bathroom has also been upgraded with newer flooring and countertops and features a shower-over-tub design. Ample storage is found throughout the home. Step outside to your private concrete patio, ideal for relaxing, entertaining, or enjoying gardening in a peaceful setting. This home has been extensively upgraded from top to bottom and reflects a true sense of pride of ownership. Laguna Woods Village offers resort-style living with an incredible array of amenities, including multiple swimming pools, golf courses, tennis courts, clubs, concerts, card rooms, and countless social activities. Enjoy 24-hour gated security and a prime South Orange County location, just minutes from Laguna Beach and Dana Point. Must see to believe it

Key facts

• Ground-floor
• Newer windows
• Single-level living

Tags

• LUSH LANDSCAPING
• MATURE SHADE TREES
• GARDEN-STYLE RESIDENCE
• SINGLE-LEVEL LIVING
• GROUND-FLOOR
• NEWER WINDOWS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $230k.

Deal economics

• At list price, monthly cash flow is $-255 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $193k (16.0% below list).
• Meets the 1% rule at list price ($3k rent vs $230k).
• Recommended offer: $193k (16.0% below list) — sets the bar for cash-flow.
• Cap rate 5.0% 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 25d 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 $15k of equity ($2k loan paydown + $14k 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 ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($227k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 20y ago; this cycle's ask has dropped $25k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $160k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.

Recommended offer $193,149 (16.0% 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. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.22% ✓
• Cap rate: 4.96%
• Cash-on-cash: -4.75%
• DSCR: 0.79
• GRM: 6.8

CMA / ARV

• ARV (median comp): $289,188
• List price: $230,000
• Delta: -17.01%
• 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: 13.6%
• Equity multiple: 1.94×
• Total profit: $60,283
• Equity at exit: $142,902

10-year hold

• IRR: 16.2%
• Equity multiple: 4.38×
• Total profit: $217,865
• Equity at exit: $257,704

Cash invested: $64,400 (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: 6.8×

Monthly cashflow live

• Estimated rent: $2,804 high
• Mortgage (P&I): −$1,206
• Tax est. 1.5%: −$288 /mo · $3,450/yr
• Insurance: −$96
• HOA: −$880
• Vacancy / Maint / Mgmt: −$589
• Net cashflow: $-255

Break-even live

Break-even rent $3,126

Max offer price $193,149

Occupancy floor —

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: $57,500
• Closing costs: $6,900
• 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	5d	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	6d	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	7d	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	15d	1	0.89mi
24555 Los Alisos Blvd Laguna Hills, CA	1.0	1.0	739	$2,515	$3.40	7d	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: $880 · $10,560/yr
• Likely covers: trashlandscapingpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-06-18
   days on market $230,000 Active 16 DOM
2. 2026-06-17
   days on market $230,000 Active 15 DOM
3. 2026-06-16
   days on market $230,000 Active 14 DOM
4. 2026-06-15
   days on market $230,000 Active 13 DOM
5. 2026-06-13
   days on market $230,000 Active 11 DOM
6. 2026-06-13
   days on market $230,000 Active 10 DOM
7. 2026-06-09
   days on market $230,000 Active 7 DOM
8. 2026-06-08
   pricedays on market $230,000 Active 6 DOM
9. 2026-06-07
   days on market $239,500 Active 5 DOM
10. 2026-06-04
    days on market $239,500 Active 2 DOM
11. 2026-06-03
    pricedays on marketlisting id $239,500 Active 1 DOM
12. 2026-06-01
    days on market $240,000 Active 115 DOM
13. 2026-05-31
    days on market $240,000 Active 114 DOM
14. 2026-03-23
    price $245,000 1518-char remark

    Show marketing remark (1518 chars)

    significant price reduction! Ready to open escrow . Surrounded by lush landscaping and mature shade trees in the highly desirable 55+ community of Laguna Woods Village, this beautifully upgraded garden-style Cadiz residence offers serene, single-level living. This approximately 770-square-foot home features one bedroom and one bathroom with a thoughtfully designed, open floor plan. Enjoy a ground-floor with no steps, making this home both convenient and accessible. Recent upgrades include newer windows and newer wood flooring. The spacious living room is filled with natural light, creating a bright and welcoming atmosphere. The kitchen features stainless-steel appliances, updated countertops, a window over the sink, a newer garbage disposal, and a newer refrigerator. The bathroom has also been upgraded with newer flooring and countertops and features a shower-over-tub design. Ample storage is found throughout the home. Step outside to your private concrete patio, ideal for relaxing, entertaining, or enjoying gardening in a peaceful setting. This home has been extensively upgraded from top to bottom and reflects a true sense of pride of ownership. Laguna Woods Village offers resort-style living with an incredible array of amenities, including multiple swimming pools, golf courses, tennis courts, clubs, concerts, card rooms, and countless social activities. Enjoy 24-hour gated security and a prime South Orange County location, just minutes from Laguna Beach and Dana Point. Must see to believe it

15. 2026-02-06
    listed $254,900 Active 1518-char remark

    Show marketing remark (1518 chars)

    significant price reduction! Ready to open escrow . Surrounded by lush landscaping and mature shade trees in the highly desirable 55+ community of Laguna Woods Village, this beautifully upgraded garden-style Cadiz residence offers serene, single-level living. This approximately 770-square-foot home features one bedroom and one bathroom with a thoughtfully designed, open floor plan. Enjoy a ground-floor with no steps, making this home both convenient and accessible. Recent upgrades include newer windows and newer wood flooring. The spacious living room is filled with natural light, creating a bright and welcoming atmosphere. The kitchen features stainless-steel appliances, updated countertops, a window over the sink, a newer garbage disposal, and a newer refrigerator. The bathroom has also been upgraded with newer flooring and countertops and features a shower-over-tub design. Ample storage is found throughout the home. Step outside to your private concrete patio, ideal for relaxing, entertaining, or enjoying gardening in a peaceful setting. This home has been extensively upgraded from top to bottom and reflects a true sense of pride of ownership. Laguna Woods Village offers resort-style living with an incredible array of amenities, including multiple swimming pools, golf courses, tennis courts, clubs, concerts, card rooms, and countless social activities. Enjoy 24-hour gated security and a prime South Orange County location, just minutes from Laguna Beach and Dana Point. Must see to believe it

16. 2023-10-02
    historical
17. 2023-10-01
    status Active
18. 2023-05-24
    listed $265,000 Active
19. 2021-10-27
    soldstatus $160,000 Closed Sale
20. 2021-10-04
    status Pending Sale
21. 2021-08-29
    historical Active Under Contract
22. 2021-08-29
    status Active
23. 2021-08-19
    listed $165,000 Active
24. 2021-05-14
    historical Active Under Contract
25. 2021-04-19
    status Active
26. 2021-04-19
    price $139,000
27. 2021-03-31
    historical Active Under Contract
28. 2020-11-02
    status Active
29. 2020-10-19
    listed $149,000 Active
30. 2020-10-05
    historical
31. 2006-09-17
    historical
32. 2006-06-20
    listed $145,000

ⓘ 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: −$12,884
• − Property taxes: −$3,450
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,691
• − Management: −$2,691
• − HOA: −$10,560
• − Depreciation: −$6,691
• Taxable loss: −$6,475
• Est. tax savings @ 24.0%: +$1,554
• After-tax cash flow: $-1,502/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

+69.0% since first listed

19 events — show timeline

• 2026-03-23 Price Changed $245,000 CRMLS
• 2026-02-06 Listed $254,900 CRMLS
• 2023-10-02 Listing Removed — CRMLS
• 2023-10-01 Relisted — CRMLS
• 2023-05-24 Listed $265,000 CRMLS
• 2021-10-27 Sold (MLS) $160,000 CRMLS
• 2021-10-04 Pending — CRMLS
• 2021-08-29 Contingent — CRMLS
• 2021-08-29 Relisted — CRMLS
• 2021-08-19 Listed $165,000 CRMLS
• 2021-05-14 Contingent — CRMLS
• 2021-04-19 Relisted — CRMLS
• 2021-04-19 Price Changed $139,000 CRMLS
• 2021-03-31 Contingent — CRMLS
• 2020-11-02 Relisted — CRMLS
• 2020-10-19 Listed $149,000 CRMLS
• 2020-10-05 Coming Soon — CRMLS
• 2006-09-17 Listing Removed — CRMLS
• 2006-06-20 Listed $145,000 CRMLS