Water Views
Address
437 Cypress Drive Laguna Beach, CA
Price
$ 4,995,000
Property Attributes
  • MLS#OC21048057
  • TypeIncome
  • CountyORANGE
  • CityLaguna Beach
  • AreaNorth Laguna
  • NeighborhoodNorth Laguna
  • Zip92651
  • Style
  • Price$ 4,995,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Kurt Hediger with Marcus & Millichap RE Invest.
Data Source:
CRMLS
Property Description

437 Cypress Drive is a 6-unit multifamily investment property located in Laguna Beach, one of the premier housing markets nationwide. Built in 1907 and 1956, 437 Cypress Drive offers an excellent unit mix consisting of studio and three-bedroom apartment units as well as a three-bedroom house. The property offers luxury amenities including large private patios and balconies, scenic ocean views (select units), modern fixtures and cabinetry, garage and tandem parking, in-unit laundry (select units), and hardwood flooring. 50% of the units have been renovated, with the larger units being highly updated with a sub zero fridge and thermador ranges.

Price History
3/8/2021 Listed $4,995,000

General Features

Community Features Curbs, Sidewalks
Garage Spaces 2
Garage Y/N Yes
Levels Two
Listing Agent Kurt Hediger - BRE#01846649
Listing Agent State License 01846649
MLS Area NL - North Laguna
Open Parking Spaces 2
Pool Features None
Property Type Residential Income
Sewer Public Sewer
Subdivision Name North Laguna (NL)
Terms Cash to New Loan, 1031 Exchange
Total Actual Rent 17455
Total Units 6
Water Sewer Expense 1125
Zoning R3

Interior Features

Common Walls No Common Walls
Laundry Features Inside

Exterior Features

Lot Features Landscaped
Lot Size Acres 0.14
Lot Size Area 0.14
Lot Size Source Assessor
Lot Size Square Feet 6098
Lot Size Units Acres
Number of Buildings 2
Number of Separate Electric Meters 6
Number of Separate Gas Meters 6
Number of Separate Water Meters 1
Total Parking 4
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92651

Price
AVG $5.42M
$5M
Visits
AVG 192
143
Year Built
AVG 1960
1956
Walkscore
AVG 75
86
Data Provided by Walkscore ® not using MLS data

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