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Multifamily

437 Cypress Dr

437 Cypress Dr, Laguna Beach, CA 92651

Listing Price: $4,995,000

Cap Rate
2.76%
Number of Units
6
Price/Unit
$832,500
Price/Gross SF
$1,045.85
Gross SF
4,776

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 437 Cypress Drive, a 6-unit multifamily investment property located in Laguna Beach, one of the premier housing markets nationwide. Built in 1907 and 1956, 437 Cypress Drive offers an excellent unit mix consisting of studio and three-bedroom apartment units as well as a three-bedroom house. The property offers luxury amenities including large private patios and balconies, scenic ocean views (select units), modern fixtures and cabinetry, garage and tandem parking, in-unit laundry (select units), and hardwood flooring. 50% of the units have been renovated, with the larger units being highly updated with a sub zero fridge and thermador ranges. 437 Cypress Drive is ideally positioned in one of the most affluent cities in the nation. The property is within walking distance from some of the Laguna Beach's most popular beaches and parks including Main Beach, and Heisler Park. Just blocks away from downtown, residents enjoy walkable access to boutiques, art galleries, restaurants and world famous art festivals.

Investment Highlights

  • A 6-Unit Multifamily Investment Property Located in Laguna Beach
  • Offers a Fantastic Unit Mix of Studio and Three-Bedroom Units Including a Three-Bedroom House
  • Within Walking Distance to Heisler Park, Recreation Point, Main Beach, Downtown Laguna Beach, Festival of Arts, and Sawdust Art Festival
  • Offers Luxury Amenities Including Large Private Patios and Balconies, Beautiful Ocean Views (Select Units), Modern Fixtures and Cabinetry, Garage and Tandem Parking, In-Unit Laundry (Select Units), and Hardwood Flooring

Exclusively Listed By

Listing Price: $4,995,000

Cap Rate
2.76%
Number of Units
6
Price/Unit
$832,500
Price/Gross SF
$1,045.85
Gross SF
4,776

Investment Highlights

  • A 6-Unit Multifamily Investment Property Located in Laguna Beach
  • Offers a Fantastic Unit Mix of Studio and Three-Bedroom Units Including a Three-Bedroom House
  • Within Walking Distance to Heisler Park, Recreation Point, Main Beach, Downtown Laguna Beach, Festival of Arts, and Sawdust Art Festival
  • Offers Luxury Amenities Including Large Private Patios and Balconies, Beautiful Ocean Views (Select Units), Modern Fixtures and Cabinetry, Garage and Tandem Parking, In-Unit Laundry (Select Units), and Hardwood Flooring

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 437 Cypress Drive, a 6-unit multifamily investment property located in Laguna Beach, one of the premier housing markets nationwide. Built in 1907 and 1956, 437 Cypress Drive offers an excellent unit mix consisting of studio and three-bedroom apartment units as well as a three-bedroom house. The property offers luxury amenities including large private patios and balconies, scenic ocean views (select units), modern fixtures and cabinetry, garage and tandem parking, in-unit laundry (select units), and hardwood flooring. 50% of the units have been renovated, with the larger units being highly updated with a sub zero fridge and thermador ranges. 437 Cypress Drive is ideally positioned in one of the most affluent cities in the nation. The property is within walking distance from some of the Laguna Beach's most popular beaches and parks including Main Beach, and Heisler Park. Just blocks away from downtown, residents enjoy walkable access to boutiques, art galleries, restaurants and world famous art festivals.

Exclusively Listed By

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