24055 Paseo Del Lago 553, Laguna Woods, California 92637, Laguna Woods, 92637 - 1 bed, 1 bath
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Laguna Woods, California 92637
This 5th-floor high-rise senior condominium is a High-Potential Investment Opportunity with a List Price of $29,000—positioned well below the $45,000 Fair Market Value by 35%. This valuation gap provides $16,000 in Instant Equity for buyers. Featuring a Condition Rating of 3, the unit offers move-in-ready updates including wood-look flooring and modern bathroom fixtures. Residents enjoy panoramic Laguna Canyon views and an all-inclusive lifestyle with a $500 monthly dining credit and full utilities. This is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-cost entry into a premium 55+ community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24055 Paseo Del Lago 553 Subject | $29,000* List Price | 1 | 1 | 625 | $72 | - |
A 24055 Paseo Del Lago 556 Sold | $25,000 | 0 | 1 | 500 | $50 | 0.0 mi |
B 24055 Paseo Del Lago 908 Active | $30,000 List Price | 1 | 1 | 553 | $54 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several recent cosmetic updates, including new wood-look flooring, modern bathroom fixtures, and an updated vanity. While the 1974 construction is evident in the popcorn ceilings and older kitchen cabinetry, the unit has been well-maintained with no immediate renovations required, fitting the criteria for 'Good' condition.
The Towers offer an exceptional amenity package including a $500 monthly dining credit, bi-monthly housekeeping, and all utilities, providing a maintenance-free lifestyle for seniors.
Located on the 5th floor, this unit features stunning, unobstructed views of the Laguna Canyon Hills and evening sunsets from every window, significantly enhancing the living experience.
The property has been refreshed with contemporary wood-look flooring, modern bathroom fixtures, and an updated vanity, making it a move-in-ready option with aesthetic appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 625, other record living area = 553.
The association fee of approximately $2,791 per month is quite high and may be a deterrent for buyers on a fixed budget despite the low purchase price.
With only 625 square feet of living space, the unit is relatively compact, which may feel restrictive for residents with significant furniture or those desiring more room to entertain.
Amazing Value for this "B" model located on the 5th floor. 1 bedroom and 1 bathroom with approximately 625 sq. ft. of living space. Views from every window of the Laguna Canyon Hills and evening sunsets. The kitchen is open to the dining area and living room. The bathroom has a cutdown shower with shower door and an updated vanity. Some RECENTLY ADDED features include: WOOD LOOK FLOORING - MODERN BATHROOM FIXTURES - DOOR KNOBS - CUSTOM VALANCES - CURTAINS - LIGHT FIXTURES - OUTLET COVER - DIMMER SWITCHES. Located in the SENIOR community of Laguna Woods, the Towers offers many amenities which currently include: exciting dining program with $500 dining dollars per month, housekeeping 2 times a month, electricity, water, trash, basic cable, on site activities including live entertainment, bingo, movies, exercise classes, card rooms, parties & more! Living in the senior community of Laguna Woods you have access to: bus system around the community & to area shopping, restaurants, medical facilities; 5 pools & 4 hot tubs; golf, tennis, library, 7 clubhouse, over 200 clubs, 2 fitness centers, theater, horse back riding/stables, garden centers, basketball, card rooms, billiards, bocce ball, Emeritus classes & more! The Towers are two high-rise buildings with 311 units located in Laguna Woods Village.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 12% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 625 | 1,146.5 | 2% |
| Lot Size | - | 1,444 | 32% |
| Price | $29.0K | $537.5K | 1% |
| Price per sq ft | $46 | $477 | 1% |
| Built year | 1974 | 1973 | 69% |
| HOA | $2791.41 | $856 | 92% |
| Days on market | 62 | 203 | 3% |
Apr 4, 2026
$29,000
$45,000
-36% Price Drop
Initial Listing
Feb 19, 2026
$45,000
Initial Listing
Mar 24, 2025
$30,000
Public Record
Mar 13, 2023
$25,000
Public Record
Sep 15, 2004
$89,000
Public Record
Jan 29, 2003
$70,000
Public Record
Feb 4, 1994
$5,000
Public Record