$3,075,000
$3,349,500
8.2%For more information regarding the value of a property, please contact us for a free consultation.
361 Cypress DR Laguna Beach, CA 92651
6,098 Sqft Lot
Key Details
Sold Price $3,075,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision North Laguna (Nl)
MLS Listing ID SR23127274
Sold Date 12/14/23
HOA Y/N No
Year Built 1946
Lot Size 6,098 Sqft
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.
Location
State CA
County Orange
Area Nl - North Laguna
Interior
Fireplace No
Appliance Dryer, Washer
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Water Sports
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water See Remarks
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 49612205
Energy Description 1300.0
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with Robert Kendziorski • Realty One Group West