5369 Algarrobo 3f, Laguna Woods, California 92637, Laguna Woods, - bed, bath

home-pic
ACTIVE$300,000
5369 Algarrobo 3f, Laguna Woods, California 92637
0Bed
0Bath
837Sqft
Lot
Year Built
1973
Close
-
List price
$300K
Original List price
$300K
Price/Sqft
-
HOA
$855
Days on market
-
Sold On
-
MLS number
OC25117062
Home ConditionFair
Features
Good View:
View-

About this home

Enjoy breathtaking panoramic views of mountains and city lights from this penthouse one-bedroom Sierra model. Recently updated with fresh paint and new flooring, this unit features one full bath plus a half bathroom in a spacious 837 sq ft layout, and a private gated entry. Currently tenant-occupied, this property offers an excellent income opportunity. Located in Laguna Woods Village, Southern California's premier 55+ community, residents enjoy access to over 250 social clubs, tennis courts, private golf courses (27 regulation holes plus a 9-hole course), a library, performing arts center with live entertainment, and facilities for art, computer, photography, woodshop, and bocce ball. Additional amenities include an equestrian center, 2 fitness centers, 5 pools, and 7 clubhouses. Rent includes trash, water, landscaping, and building maintenance, as well as free bus service to local shops and medical facilities. Conveniently located near freeways and adjacent to picturesque Laguna Beach, this exceptional property offers great value and investment potential.

Nearby schools

4/10
San Joaquin Elementary School
Public,K-60.4mi
7/10
Oak Grove Elementary School
Public,K-52.7mi
9/10
El Morro Elementary School
Public,K-55.5mi
8/10
Melinda Heights Elementary School
Public,K-67.9mi
7/10
Trabuco Mesa Elementary School
Public,PK-610.1mi
7/10
Aliso Viejo Middle School
Public,6-82.9mi
5/10
Los Alisos Intermediate School
Public,7-83.2mi
9/10
Thurston Middle School
Public,6-84.5mi
7/10
Rancho Santa Margarita Intermediate School
Public,7-89.4mi
7/10
Laguna Hills High School
Public,9-122.9mi
9/10
Aliso Niguel High School
Public,9-123.8mi
9/10
Laguna Beach High School
Public,9-125.2mi
8/10
Trabuco Hills High School
Public,9-126.2mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (200 Listings)
Beds02
Baths02
Square foot8371,145
9%
Lot Size0391,763
Price$300K$485K
14%
Price per square foot$358$418
33%
Built year19731973
50%
HOA$855$855.17
37%
Days on market163196
29%
Condition Rating
Fair

The property was built in 1973 but has been recently updated with fresh paint and new flooring. The kitchen and bathrooms appear functional but not recently renovated. The overall condition suggests it's aged but maintained with updates, fitting the 'fair' category.
Pros & Cons

Pros

Panoramic Views: Breathtaking panoramic views of mountains and city lights enhance the property's appeal.
Updated Interior: Fresh paint and new flooring provide a modern and move-in-ready feel.
Income Potential: Currently tenant-occupied, offering an immediate income stream for investors.
Laguna Woods Village Amenities: Access to extensive amenities including social clubs, golf courses, pools, and more, catering to an active 55+ lifestyle.
Convenient Location: Proximity to freeways and Laguna Beach provides easy access to shopping, dining, and entertainment.

Cons

Age of Property: Built in 1973, the property may require updates to meet modern standards and preferences.
55+ Community Restriction: The age restriction limits the potential buyer pool to those 55 and older.
One-Bedroom Configuration: The one-bedroom layout may not appeal to all buyers, particularly those seeking more space or additional bedrooms.

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