Active

437 Cypress

Laguna Beach, CA 92651
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Bed 0

Bed

Bath 0

Bath

SqFt4,700

Sqft

SqFt5,910

Sqft(Lot)

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 two studios and a one-bedroom unit that appeal to long-term tenant demand. The property has been well maintained and thoughtfully updated during the current owner’s tenure, including the remodel of th e owner’s ocean-view quarters, reflecting pride of ownership and long-term stewardship. Property amenities include private outdoor spaces, garage parking, in-unit and on-site laundry, community storage, and shared outdoor gathering and barbecue areas. With classic cottage architecture, efficient floor plans, and a convenient North Laguna location near Heisler Park and Main Beach, this five-unit property offers durable leasing demand and long-term value. Long-term ownership, consistent upkeep, and recent improvements enhance the appeal for an owner-user or long-term investor seeking stable income, tax advantages, and ongoing equity growth.

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Detail Ic Property Details

Property Type : Residential Income

Price : $5,695,000

AD Id : 74568550

MLS Id : LG26012169

Lot Size : 5,910 Sqft

Living Area Size : 4,700

Year Built : 1956

Garage : 2

County : Orange

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1956 Building Area Total: 4,700
  • Pool Features

    None

    Laundry Features

    Common Area,Inside,See Remarks

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1357
  • Lot Size Source: Assessor Lot Size Square Feet: 5910

  • Listing Price Information

    Original List Price: 5,695,000 Listing Contract Date: 2026-01-16
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 49612108

  • Garage and Parking

    Garage Description: Driveway,Garage

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Cable TV

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: NL - North Laguna Directions: Pacific Coast Hwy to Myrtle to Cypress. Property on the righthand side. Source Property Type: Residential Income Area: NL - North Laguna Property SubType: Apartment
  • Building and Construction

    Property Age: 70 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Public Records Entry Level: 1 Entry Location: street Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2 N Vista De La Luna, Laguna Beach, CA, 92651 $5,495,000 4 2 2,200 2,200 SqFt
28832 Shady Lane, Laguna Beach, CA, 92651 $3,100,000 3 2 2,031 2,031 SqFt
22315 3rd Avenue, Laguna Beach, CA, 92651 $3,995,000 3 3 2,325 2,325 SqFt
31862 Cypress Lane, Laguna Beach, CA, 92651 $2,145,000 2 2 1,100 1,100 SqFt
31502 Mar Vista, Laguna Beach, CA, 92651 $5,450,000 5 1 2,855 2,855 SqFt
111 S La Senda Drive, Laguna Beach, CA, 92651 $29,995,000 4 6 4,061 4,061 SqFt
2870 Zell Drive, Laguna Beach, CA, 92651 $2,998,000 3 2 1,952 1,952 SqFt
31981 Virginia Way, Laguna Beach, CA, 92651 $2,600,000 3 3 1,326 1,326 SqFt
3208 Bern Court, Laguna Beach, CA, 92651 $4,495,000 4 3 2,674 2,674 SqFt
32101 S Coast Hwy, Laguna Beach, CA, 92651 $17,995,000 6 6 4,672 4,672 SqFt

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ByOwner last updated this listing 06/10/2026 @ 11:21

MLS: LG26012169 LISTED BY: Jill Witte, Berkshire Hathaway HomeServices California Properties 949-499-5900 SOURCE: CRMLS

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