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319 Cypress Dr Laguna Beach, CA 92651

$3,500,000 Sold Price as of 12/21/2020

5 Beds
7 Baths
3,963 Sq.Ft.

Sold

$3,500,000 Sold Price as of 12/21/2020 Refinance Your Mortgage

Map preview of 319 Cypress Dr, Laguna Beach, CA 92651

Property Overview: 319 Cypress Dr Laguna Beach, CA has 5 bedrooms, 7 bathrooms, 3,963 living square feet and 6,098 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time on the market since 1970 and located in highly sought-after North Laguna Beach, 319 Cypress Dr, is comprised of a 3+2 SFR and 5-unit apartment building. This well-maintained property has a Walk Score of 87 and located right behind URTH CAF. Enjoy a short walk to Downtown Laguna, Main Beach and Heisler Park.

Listed by Jorge Felix | BRE #01327006 | CB Richard Ellis, Inc.
Co-listed by Michael O'Neill II | BRE #02036937 | CB Richard Ellis, Inc.

Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 400

Home details

Lot Sq. Ft: 6,098
HOA Dues: $0/mo
Year built: 1938
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19527316
City: Laguna Beach
County: Orange
Time on Site: 1531 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $4,120
Total Rent: $4,120
Pro Forma/Market Rent: $4,300

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $2,175

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,095
Total Rent: $2,095
Pro Forma/Market Rent: $2,450

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,300
Total Rent: $2,300
Pro Forma/Market Rent: $2,450

Unit Breakdown 5

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,395
Total Rent: $1,395
Pro Forma/Market Rent: $1,800

Unit Breakdown 6

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,495
Total Rent: $1,495
Pro Forma/Market Rent: $1,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 22.45
Gross Scheduled Income: --
Net Operating Income: $103,123
Gross Operating Income: $164,622

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 319 Cypress Dr

Interior Features

Cooling Information

No Cooling
None

Laundry Information

Has Laundry
Community

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Assigned

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 6
Parcel Number: 49612209

Location / Neighborhood

Location Information

Directions: Heading south on Pacific Coast Highway, turn left on Jasmine St, and make a right on Cypress Drive

View more facts & features

Local Laguna Beach Agent

Sale History for 319 Cypress Dr

Last sold for $3,500,000 on December 21st, 2020

December, 2020
Dec 24, 2020

Date

Sold

CRMLS: 19527316

$3,500,000

Price
Dec 9, 2020

Date

Pending

CRMLS: 19527316

$3,545,000

Price
Nov 2, 2020

Date

Price Change

CRMLS: 19527316

$3,545,000

Price
May 30, 2020

Date

Price Change

CRMLS: 19527316

$3,695,000

Price
Mar 11, 2020

Date

Price Change

CRMLS: 19527316

$3,950,000

Price
Nov 5, 2019

Date

Active

CRMLS: 19527316

$4,250,000

Price

Tax History for 319 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

319 Cypress Dr sold on December 21, 2020 for 51.01% higher than the current median sold price for the city of Laguna Beach which is $2,347,500. The median sold price per/sqft for Laguna Beach is $1,302 and this home is sold at $894.52 per/sqft which puts the price per square foot 31.3% lower than the current median sale per square foot for the city of Laguna Beach.

About 319 Cypress Dr

Detailed summary of property

319 Cypress Dr is a multi family that recently sold in Laguna Beach, CA 92651. This multi family property offered 5 bedrooms, 7 bathrooms, roughly 3,963 living square feet, and sits on an approximately 6,098 square foot lot. 319 Cypress Dr was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $3,500,000. Home in Laguna Beach are selling for a median price of $2,347,500 and a median price per square foot of $1,302. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 51.01% higher than the current median priced home. Local homes that are currently for sale include 219 E Bay Ave, 203 8th St and 203 8th St. While the average home in Laguna Beach, CA is selling in 95 days, 319 Cypress Dr has a days on market of 400 days. There are currently 200 homes for sale in the Laguna Beach real estate market and 181 of them are single family homes while 17 of them are condos and 2 are townhomes. For more information on this home for sale at 319 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 319 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.

$1,814

Median Sold Price

$2,347,500

Median Sold Price/Sq.Ft.

$1,302

Total Inventory

198

Median Sale to List Price %

94.09%

Avg Days on Market

Loan Type

Conventional (25%), FHA (0%), VA (4.17%), Cash (41.67%), Other (29.17%)

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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.