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    437 Cypress Drive

    Laguna Beach, CA 92651
    • $4,995,000
    • STATUS: Active
    • ON SITE: 70 days
    • ID#: OC21048057
    UPDATED: 23 min ago
    $4,995,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,776
      SQFT
    • $1,046
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T13:37:52.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/114870206
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    437 Cypress Drive Laguna Beach, CA 92651

    • Price: $4,995,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: OC21048057
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,776
    SQFT
    $1,046
    $/SQFT
    1956
    Built
    Neighborhood:
    North Laguna (Nl)
    County:
    Orange
    Area:
    NL - North Laguna
    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.
    Exterior Features

    Lot Features Landscaped Number Of Separate Electric Meters 6 Open Parking Spaces 2 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Common Interest Community Apartment Community Features CurbsSidewalks Electric Expense 1125 Fuel Expense 1125 Garage YN Yes Gross Income 210660 Gross Scheduled Income 209460 Insurance Expense 2600 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan1031 Exchange Maintenance Expense 3000 Net Operating Income 137736 New Construction YN No New Taxes Expense 50768 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 66640 Other Expense 5772 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 17455 Trash Expense 1125 Vacancy Allowance 6284 Water Sewer Expense 1125 Water Source Public Zoning R3

    Listing provided courtesy of Kurt Hediger of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T13:37:52.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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    617 Saxony Place #101
    Encinitas CA, 92024