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254 Cypress Dr, Laguna Beach, CA 92651
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254 Cypress Dr Laguna Beach, CA 92651

$1,240,000 Sold Price as of 09/15/2020
  • 2 Beds
  • 3 Baths
  • 1,625 Sq.Ft.
Sold
$1,240,000 Sold Price as of 09/15/2020 Refinance Your Mortgage
Map preview of 254 Cypress Dr, Laguna Beach, CA 92651

Property Overview: 254 Cypress Dr Laguna Beach, CA has 2 bedrooms, 3 bathrooms, 1,625 living square feet and 1,742 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming triplex located in the heart of Downtown Laguna Beach. There are two 1 bedroom and 1 bath units and a studio. Both the 1 bedroom units have been updated. This property is walking distance to the beach, shops and restaurants. This is an investors dream. Community laundry on sight, newer dual pane windows installed. Please drive by only and do not disturb tenants!

Listed by Matthew Drenner | BRE #01945690 | Real Estate Establishment Inc.
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
1,742
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
PW20148890
City
Laguna Beach
County
Orange
Time on Site
1389 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $1,325
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $58,440
  • Net Operating Income: $39,749
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $18,691
  • Electric: $750
  • Gas/Fuel: $0
  • New Taxes: $16,000
  • Trash: $540
  • Insurance: $1,365
  • Water/Sewer: $500

Property Details for 254 Cypress Dr

Interior Features
Cooling Information
  • Has Cooling
  • Zoned, See Remarks
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Community, Outside
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Window Features: Double Pane Windows
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 49609210
  • Year Built Source: Appraiser
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: North Laguna (NL)
  • Directions: N/A
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Laguna Beach Agent

Sale History for 254 Cypress Dr

Last sold for $1,240,000 on September 15th, 2020

  • September, 2020

  • Sep 17, 2020

    Date

    Sold

    CRMLS: PW20148890

    $1,240,000

    Price

  • Aug 17, 2020

    Date

    Active Under Contract

    CRMLS: PW20148890

    $1,295,000

    Price

  • Jul 27, 2020

    Date

    Active

    CRMLS: PW20148890

    $1,295,000

    Price

  • October, 2019

  • Oct 11, 2019

    Date

    Canceled

    CRMLS: PW19064360

    $1,295,000

    Price

  • Sep 23, 2019

    Date

    Price Change

    CRMLS: PW19064360

    $1,295,000

    Price

  • Jun 8, 2019

    Date

    Price Change

    CRMLS: PW19064360

    $1,375,000

    Price

  • Mar 23, 2019

    Date

    Active

    CRMLS: PW19064360

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    Charming triplex located in the heart of Downtown Laguna Beach. There are two 1 bedroom and 1 bath units and a studio. Both the 1 bedroom units have been updated. This property is walking distance to the beach, shops and restaurants. This is an investors dream. Community laundry on sight, newer dual pane windows installed. Please drive by only and do not disturb tenants! 3.6 cap at Market Rents

  • September, 2018

  • Sep 16, 2018

    Date

    Canceled

    CRMLS: PW18190467

    $1,650,000

    Price

  • Aug 23, 2018

    Date

    Price Change

    CRMLS: PW18190467

    $1,650,000

    Price

  • Aug 7, 2018

    Date

    Active

    CRMLS: PW18190467

    $1,775,000

    Price

  • Listing provided courtesy of CRMLS

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Tax History for 254 Cypress Dr

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

254 Cypress Dr sold on September 15, 2020 for 61.11% lower than the current median sold price for the city of Laguna Beach which is $3,330,000. The median sold price per/sqft for Laguna Beach is $1,531 and this home is sold at $796.92 per/sqft which puts the price per square foot 47.95% lower than the current median sale per square foot for the city of Laguna Beach.

About 254 Cypress Dr

Detailed summary of property

254 Cypress Dr is a triplex that recently sold in Laguna Beach, CA 92651. This triplex offered 2 bedrooms, 3 bathrooms, roughly 1,625 living square feet, and sits on an approximately 1,742 square foot lot. 254 Cypress Dr was first listed on ArdentRealEstateGroup.com on July 27, 2020. The homeowner sold the property for $1,240,000. Home in Laguna Beach are selling for a median price of $3,330,000 and a median price per square foot of $1,531. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 61.11% lower than the current median priced home. Local homes that are currently for sale include 1128 W Diamond St, 607 N Harbor Blvd and 1600 Picadilly Way. While the average home in Laguna Beach, CA is selling in 92 days, 254 Cypress Dr has a days on market of 22 days. There are currently 166 homes for sale in the Laguna Beach real estate market and 150 of them are single family homes while 16 of them are condos and 0 are townhomes. For more information on this home for sale at 254 Cypress Dr Laguna Beach, CA 92651 contact Ardent Real Estate Group and we will put you in touch with one of our Laguna Beach agents.

Public Facts for 254 Cypress Dr

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92651 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,250,000
Median List Price/Sq.Ft.
$1,759
Median Sold Price
$3,330,000
Median Sold Price/Sq.Ft.
$1,531
Total Inventory
170
Median Sale to List Price %
95.28%
Avg Days on Market
52
Loan Type
Conventional (24.14%), FHA (0%), VA (0%), Cash (48.28%), Other (27.59%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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