$3,349,500 - 361 Cypress Drive, Laguna Beach

  • 6Beds
  • 5Baths
  • 0SQ. Feet
  • 0.14Acres

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.

Sales Agent

Sam SmithLaguna Beach Realtors ®Phone: 949-355-1622Cell: 949-355-1622Contact Agent Now

Essential Information

  • MLS® #:SR23127274
  • Price:$3,349,500
  • Bedrooms:6
  • Bathrooms:5.00
  • Acres:0.14
  • Year Built:1946
  • Type:Residential Income
  • Sub-Type:Quadruplex
  • Status:Active Under Contract
  • Listing Agent:Thomas Paulauskas
  • Listing Office:Keller Williams Realty Antelope Valley

Community Information

  • Address:361 Cypress Drive
  • Area:NL - North Laguna
  • Subdivision:North Laguna (NL)
  • City:Laguna Beach
  • County:Orange
  • State:CA
  • Zip Code:92651


  • Parking Spaces:3
  • # of Garages:3
  • Pool:None


  • Appliances:Dryer, Washer
  • # of Stories:2
  • Stories:Two


  • Lot Description:0-1 Unit/Acre

Additional Information

  • Date Listed:July 13th, 2023
  • Days on Market:145
  • HOA Fees:0.00

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Based on information from California Regional Multiple Listing Service, Inc. as of December 5th, 2023 at 2:31pm PST. 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.