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Buy a multi-family propertyat 361 Cypress Drive, Laguna Beach, CA 92651

$3,699,800

$0/mo

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Residential

2,316 Sq. Ft.

6,098 Sq. Ft. lot

6 Bedrooms

5 Bathrooms

291 Days on market

SR23131532 MLS ID

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About 361 Cypress Drive multi-family property

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.
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.

Property details

Appliances and Equipment

Dryer

Washer

Bathrooms

1 half bathroom

4 full bathrooms

5 total bathrooms

2 bathrooms on main level

Bedrooms

6 total bedrooms

3 bedrooms on main level

House

2 total stories

Built in 1946

Stories: 2

2,316 sqft living area

2+ Common Walls

Two

Triplex

Community

Curbs

Suburban

Sidewalks

Cooling

Gas

Wall/Window Unit(s)

Fireplaces

Gas

Wood Burning

Garage

Attached garage

3 garage spaces

Interior Features

Workshop

Listing

Listing ID: SR23131532

Property Subtype: Triplex

6 days on market

Listed on 2023-07-17

Location

County: Orange

Subdivision: North Laguna (NL)

Lot

6098 sqft

0.14 acres

Area: 6098

0-1 Unit/Acre

Parking

3 total parking spaces

Property

4 units

Property attached

Ocean

Peek-A-Boo

Schools

Elementary School: El Morro

Middle School: Thurston

High School: Laguna Beach

High School District: Laguna Beach Unified

Sewer

Public Sewer

Windows

Bay Window(s)

Monthly cost

Estimated monthly cost

$23,577/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$3,477,812

+$110,994

$3,588,806

Seller agent commission$110,994 (3%)*

$0 (0%)

Buyer agent commission$110,994 (3%)*

$110,994 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $110,994 more selling your home
with an Unreal Estate agent

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State

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Unreal Estate checked: May 4, 2024 at 9:14 p.m.

Data updated: Jul 23, 2023 at 8:05 p.m.

Property listed by Keller Williams Realty Antelope Valley, Thomas Paulauskas
Based on information from California Regional Multiple Listing Service, Inc. as of 07/23/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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