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Listed by Jill Witte • Berkshire Hathaway HomeServices California Properties
$5,695,000
Est. payment /mo
5,910 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRLG26012169
Style Cottage,Cape Cod
Year Built 1956
Lot Size 5,910 Sqft
Source California Regional MLS
Property Description
Located in highly desirable North Laguna Beach, 437 Cypress Drive is a well-positioned coastal multifamily investment property comprising five rentable units in one of Southern California's most supply-constrained rental markets. The property is situated on an approximately 5,900 sq ft R3-zoned lot and benefits from a strong rental history and close proximity to beaches, downtown Laguna Beach, dining, shopping, and cultural attractions. The asset features a diverse and flexible unit mix, including two larger three-bedroom residences suitable for owner-occupancy or premium rentals, along with three well-located one-bedroom units that appeal to long-term tenant demand. Property amenities include private outdoor spaces, garage parking, in-unit and/or on-site laundry, community storage, and shared outdoor gathering and barbecue areas. With classic cottage architecture, efficient floor plans, and a walkable coastal location near Heisler Park and Main Beach, this five-unit property offers durable leasing demand and long-term value. The property has been well maintained by long-term ownership and presents an attractive opportunity for an owner-user investor or long-term hold, providing stable income, tax advantages, and ongoing equity growth.
Location
State CA
County Orange
Area Nl - North Laguna
Interior
Laundry Other, Community Facility
Exterior
Parking Features Garage, Other
Garage Spaces 4.0
Pool None
Building
Water District - Public
Architectural Style Cottage, Cape Cod
Others
Tax ID 49612108
Special Listing Condition Not Applicable
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