Laguna Niguel Income Property For Sale & Lease

Laguna Niguel is one of Orange County’s most suburban towns in California. According to the 2010 U.S. Census, it was home to some 62,979 people. The city is in the southeastern part of the county and was one of the very first master-planned communities. The goal has always been to create a bedroom community. Today, it is very affluent and the median household income is, in fact, 31% above the average of the county, which means it is almost 50% higher than the national average. It is a particularly beautiful city with many public trails and numerous parks, and is also one of the safest cities in the county.

Laguna Niguel residents formed the Community Services District in 1986, which was necessary for them to take on local governance. On November 7, 1989, three years after the formation of the district, 89% of the members voted to incorporate Laguna Niguel, which resulted in it becoming the 29th city in the county on December 1, 1989.

It should be pointed out that income property is the type of property that people or firms purchase and sometimes develop on. The goal is to lease out the property until it appreciates substantially in price, after which they sell it again. Income property is often commercial, although it can also be residential. In the latter case, financial experts speak of “non-owner occupied”. For these properties, higher interest rates than owner occupied mortgages can be asked, because they are classed as high risk mortgages.

Laguna Niguel Income Property for Sale & Lease – Should You Buy or Lease?

If you are interested in income property in Laguna Niguel, the usual options are either to buy or lease.

Buying an income property has a number of advantages, including the fact that:

  • Your monthly costs remain constant because amortizations usually don’t increase during the duration of the mortgage.
  • You can get really good tax deductions, including property taxes and mortgage interests.
  • You ca lease out some of your space in order to earn your income.
  • You have the option of using the income property yourself for your own personal use should you not be able to find a lessee.
  • You can benefit from the tendency of the property value to rise over time.

On the other hand, the cons of buying an income property include the fact that:

  • You do not have much flexibility, which means that if you decide later on to relocate, you will need to sell the property first.
  • You have substantial upfront costs, not in the least because there is usually a 30% down payment to pay on the mortgage. You will also have maintenance, appraisal, and other property management costs to pay.

Income property, by its very definition, is not suitable for leasing. If you were to lease an income property, then you would do so for your own personal use, turning it into a residential property. As a result of this, the only statistics that should be of interest to you are those of prices, supply, and demand for purchased income properties. On the other hand, statistics on leasing these properties if present can also be useful for giving you an idea of what you will be able to earn on your property.

Laguna Niguel Income Property for Sale – Trends and Statistics

  • The asking price for income properties in Laguna Niguel is $314,841.90, which is a 0.7% increase over the past three months and a 10.5% increase year on year. This is higher than the state ($206,014) are and the metro ($254,071.41) area.
  • The index of total dollars available for income properties for sale in Los Angeles-Long Beach-Laguna Niguel is 29, which represents a 13.4% increase over the past three months but a 2.5% decrease year on year.
  • The index of total number of listings of income properties available in Los Angeles-Long Beach-Laguna Niguel is 24, which is an 8.9% increase over the past three months, but a 1.3% decrease year on year.
  • The profile view index income property for sale in the Los Angeles-Long Beach-Laguna Niguel metro area is 97, which is a 24.9% increase over the past three months, and a 22.5% increase year on year.
  • The index of total number of units of income property for sale in the Los Angeles-Long Beach-Laguna Niguel area is 21, which is a 12.2% increase over the past three months, but an 11% decrease year on year.

Laguna Niguel Income Property for Lease – Trends and Statistics

Unfortunately, there are no trends and statistics available on potential income earned on leasing out a property that you have purchase. This is partly due to the fact that you could purchase a vast array of different types of properties, and their monthly lease amounts vary greatly. Investing in income property is one of the commercial real estate investments most likely to give you the highest possible returns if managed properly. At the same time, it is one of the most complicated options out there, due to the variety of choices.