Laguna Beach, CA 92651,361 Cypress DR
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Laguna Beach, CA 92651,361 Cypress DR
Laguna Beach, CA 92651,361 Cypress DR
Laguna Beach, CA 92651,361 Cypress DR
Laguna Beach, CA 92651,361 Cypress DR

$3,075,000

Est. payment /mo

$3,349,500

8.2%
Est.Price: ?

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361 Cypress DR Laguna Beach, CA 92651

6,098 Sqft Lot

SOLD DATE : 12/14/2023

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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California Regional MLS (CRMLS)
Listed by Thomas Paulauskas • Keller Williams Realty Antelope Valley • 661-480-6110
Bought with Robert Kendziorski • Realty One Group West

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

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