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361 Cypress Drive, Laguna Beach, CA 92651
$3,075,000
361 Cypress Drive, Laguna Beach, CA 92651View this property at 361 Cypress Drive, Laguna Beach, CA 92651
361 Cypress DriveLaguna BeachCA92651
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Property Description
Experience this unique beach community overflowing with warmth of character and community. The joy of smiling faces and sun kissed beaches, blue sky's and azure blue waters. It is no wonder homes located in the "Tree Streets" neighborhood of historic North Laguna are in such great demand, being only steps to Main Beach, Heisler Park, Boat Canyon, Divers Cove, this lovingly maintained vintage cottage has it all, multiple units, income, and location. Become enamored with all the possibilities when encountering this vintage cottage triplex + 1 has to offer. Enter through a white picket gate and rose trellis of this fully fenced yard and be drawn in by 3 bedroom, 2 bathroom with a jetted spa tub. Invited by walnut hardwood flooring that gently kisses white beadboard paneled walls and opens to an airy sky blue open beam vaulted ceiling and overhead ceiling fans. Pass through the French door flank dual fireplaces into a sun room gazing out onto a fully fenced backyard while enjoying your favorite cup coffee and book. Bask in the morning light of this cozy kitchen dinette in front of floor to ceiling bay windows. The spacious kitchen provides ample granite countertops, French provincial cabinets, stainless steel appliances, and nickel brushed hardware. Backyard gives generously offering a large jacuzzi hot tub shaded by fruit and avocado trees, and a considerable brick patio, ideal for entertaining. Just beyond find an 8 by 16 foot insulated storage shed with windows and French doors for all your beach chairs boards and bikes. Engage in more opportunity with the three turn-key furnished studio apartment's in the rear building along with a 3 car garage. At full occupancy the current owner rents the property for $19,550/m. A short term rental strategy has potential to rent for over $28,000+ gross. Buyer to verify info and short term licensing details. Take advantage of this rare and unique opportunity to produce income and be a brief stroll from art festivals, galleries, world-class restaurants, shopping, hiking/biking trails, Great Schools, Downtown Laguna, and of course The Beach.
Full Property Details
Full Property Details for 361 Cypress Dr
General
- Sold For: $3,075,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SR23127274
- Added to Site: 290 day(s) ago
Rooms
Other Rooms
- Laundry: Dryer Included, Washer Included
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 3
Location
- Area: NL - North Laguna
- County: Orange
- Development Name: NL - North Laguna
- Driving Directions: From CA-133 S toward Laguna Beach, continue onto Laguna Canyon Rd. Turn right onto N coast Hwy, then turn right onto Jasmine St. Then right onto Cypress Dr. Destination is on your right.
Utilities
- Sewer: Public Sewer
- Water: See Remarks
- # Water Meters: 2
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Entry Location: front door
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,316
- Year Built: 1946
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.14
- Lot Size Source: Assessor
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $1,327.72
- Price Per Unit: 837375
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Inclusions: Existing Furniture
Listed by Keller Williams Realty Antelope Valley, Thomas Paulauskas
Sold by Realty One Group West, Robert Kendziorski
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Schools
Schools serving 361 Cypress Dr
School District:Laguna Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
8681 N Coast Hwy, Laguna Beach, CA 92651 | K-5 | 2.4 mi | |
2100 Park Ave, Laguna Beach, CA 92651 | 6-8 | 1.4 mi | |
625 Park Ave, Laguna Beach, CA 92651 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 361 Cypress Dr
Date
Details
Price
Change
Source
12/14/2023
Sold
$3,075,000
-8.2%
MLS
11/08/2023
Price Reduced
$3,349,500
-4.16%
MLS
9/19/2023
Price Reduced
$3,495,000
-5.54%
MLS
7/13/2023
Listed
$3,699,800
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
361 Cypress Drive, Laguna Beach, CA 92651 (MLS# SR23127274) is a Multi-Family property that was sold at $3,075,000 on December 14, 2023. Want to learn more about 361 Cypress Drive? Do you have questions about finding other Multi-Family real estate for sale in North Laguna? You can browse all North Laguna real estate or contact a Coldwell Banker agent to request more information.