5369 Algarrobo 3f, Laguna Woods, California 92637, Laguna Woods, 92637 - bed, bath
ACTIVE$300,000
5369 Algarrobo 3f, Laguna Woods, California 92637
0Bed
0Bath
837Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Aliso Niguel High School (9/10).
Top Cons:
Age-Restricted Community: As a 55+ community, the property's market appeal is limited to a specific demographic, which may affect the size of the potential buyer pool and resale velocity.
Compared to the nearby listings
Price:$300.0K vs avg $500.0K ($-200,000)14%
Size:837 sqft vs avg 1,162 sqft10%
Price/sqft:$358 vs avg $44128%
More Insights
Built in 1973 (52 years old).
Condition: The property was built in 1973, making it over 50 years old. While the description notes 'recently updated with fresh paint and new flooring,' these are cosmetic improvements rather than an extensive renovation of major systems or key areas like the kitchen and bathrooms. The visible popcorn ceilings also indicate an older build that hasn't undergone a full modern overhaul. Crucially, there are no images of the kitchen or bathrooms, which strongly suggests these areas are likely original or have older, outdated renovations. The property is maintained and functional, but the lack of modern updates in critical areas and the age of the underlying infrastructure place it in the 'fair' category, indicating it requires minor updates or repairs, particularly in the kitchen and bathrooms, to meet current standards.
Year Built
1973
Close
-
List price
$300K
Original List price
$300K
Price/Sqft
$358
HOA
$855
Days on market
-
Sold On
-
MLS number
OC25117062
Home ConditionFair
Features
Excellent 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-6•0.4mi
7/10
Oak Grove Elementary School
Public,•K-5•2.7mi
9/10
El Morro Elementary School
Public,•K-5•5.5mi
8/10
Melinda Heights Elementary School
Public,•K-6•7.9mi
7/10
Trabuco Mesa Elementary School
Public,•PK-6•10.1mi
7/10
Aliso Viejo Middle School
Public,•6-8•2.9mi
5/10
Los Alisos Intermediate School
Public,•7-8•3.2mi
9/10
Thurston Middle School
Public,•6-8•4.5mi
7/10
Rancho Santa Margarita Intermediate School
Public,•7-8•9.4mi
7/10
Laguna Hills High School
Public,•9-12•2.9mi
9/10
Aliso Niguel High School
Public,•9-12•3.8mi
9/10
Laguna Beach High School
Public,•9-12•5.2mi
8/10
Trabuco Hills High School
Public,•9-12•6.2mi
Condition Rating
Fair
The property was built in 1973, making it over 50 years old. While the description notes 'recently updated with fresh paint and new flooring,' these are cosmetic improvements rather than an extensive renovation of major systems or key areas like the kitchen and bathrooms. The visible popcorn ceilings also indicate an older build that hasn't undergone a full modern overhaul. Crucially, there are no images of the kitchen or bathrooms, which strongly suggests these areas are likely original or have older, outdated renovations. The property is maintained and functional, but the lack of modern updates in critical areas and the age of the underlying infrastructure place it in the 'fair' category, indicating it requires minor updates or repairs, particularly in the kitchen and bathrooms, to meet current standards.
Pros & Cons
Pros
Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Aliso Niguel High School (9/10).
Breathtaking Panoramic Views: The penthouse unit offers stunning panoramic views of mountains and city lights, significantly enhancing its appeal and living experience.
Premier 55+ Community & Amenities: Located in Laguna Woods Village, a premier 55+ community, residents enjoy access to an extensive array of over 250 clubs, multiple golf courses, pools, fitness centers, and an equestrian center.
Excellent Income Opportunity: Currently tenant-occupied, this property provides an immediate income stream, making it an attractive option for investors.
Recent Interior Updates: The unit has been recently updated with fresh paint and new flooring, offering a modern and move-in ready interior.
Comprehensive HOA Inclusions: The association fee covers essential services such as trash, water, landscaping, building maintenance, and free bus service, simplifying living and reducing additional expenses.
Cons
Age-Restricted Community: As a 55+ community, the property's market appeal is limited to a specific demographic, which may affect the size of the potential buyer pool and resale velocity.
High Monthly Association Fees: The $855.0 monthly association fee is substantial, which could be a significant financial consideration for potential buyers despite the extensive inclusions.
Older Building Infrastructure: Built in 1973, the property's underlying infrastructure is over 50 years old, and there is no mention of a cooling system, potentially leading to future maintenance concerns or comfort issues.