496 Cypress Drive

Laguna Beach, CA 92651

$3,595,000
Price
4
Beds
4
Baths
1,873 Sq. Ft.
$1,919 / Sq. Ft.
1,873
Sq. Ft.
$1,919
per Sq. Ft.

Description

Prime North Laguna Beach ocean view townhome duplex. Distance to the sand is about .16 miles which is a 3-5 minute walk. Situated in one of the best locations in North Laguna, residents can walk to the sand, famous Las Brisas restaurant, Main Beach, The Village, Heisler Park and Diver's Cove from this property or be in Newport Coast in just a matter of minutes. Whether for investment or renting one unit and enjoying the second, this is a rare opportunity. Laguna beach parking is tough but not when...Prime North Laguna Beach ocean view townhome duplex. Distance to the sand is about .16 miles which is a 3-5 minute walk. Situated in one of the best locations in North Laguna, residents can walk to the sand, famous Las Brisas restaurant, Main Beach, The Village, Heisler Park and Diver's Cove from this property or be in Newport Coast in just a matter of minutes. Whether for investment or renting one unit and enjoying the second, this is a rare opportunity. Laguna beach parking is tough but not when you have 4 garage parking spaces and 4 spaces in the driveway, in addition to the street permit parking. Property was renovated on the interior and exterior by the current owner. This duplex is comprised of 2 almost identical townhouses with plenty of private backyard and front yard space for outdoor entertaining. These units do not feel like a cramped beach cottage with no space. Each unit has a separate entrance on opposite sides of the building so they feel more like comfortable private homes walking distance to the water than a duplex. Each unit has a main floor bedroom and full bathroom and an additional bedroom and full bathroom on the second floor along with the main living areas and ocean view balconies. Each unit has direct access from the garage to a main floor entrance and the garage has laundry equipment along with plenty of space for cars as well as all the toys. Upstairs each unit has an open floor plan with very tall ceilings, exposed beams, beautiful kitchens with quartz counters and white cabinets, a living room with a fireplace, dining room, master bedroom, and a full bath. Separately metered for gas and electric. Properties share only one common wall. May be possible to purchase duplex and sell individually as Tenants in Common in the future, buyer to verify.
  1. Listed by Sammer Mudawar • DRE #01723613 • THE brokeredge

Property Details for 496 Cypress Drive

View
Coastline, Ocean, Water
Parking Spaces Total
8
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1873

Location

Listing Courtesy of THE brokeredge, Sammer Mudawar, DRE #01723613
Add your commute
LISTING UPDATED: 10/31/2023 04:09 AM

Property Details for 496 Cypress Drive

StatusActive
MLS #PW23172178
Days on Market80
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.09 AC / 3,920 SF
CountyOrange County

Location

Listing Courtesy of THE brokeredge, Sammer Mudawar, DRE #01723613
Add your commute

Building Information for 496 Cypress Drive

Stories2Residences-Year Built1978Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$21,878 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,619

Property Taxes

$2,259

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 496 Cypress Drive

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $129,000
  • Gross Scheduled Income: $129,000
  • Net Operating Income: $82,213
  • Cap Rate: 2.17
  • Current Financing: Assumable, Conventional
Expense Details
  • Operating Expense: $46,787
  • New Taxes Expense: $40,427
  • Gardener Expense: $2,640
  • Insurance Expense: $2,400
  • Trash Expense: $600
  • Water Sewer Expense: $720
  • Total Expenses: $46,787
Tax / Assessment Info
  • Tax Block: 29
  • Tax Tract Number: 413
  • Tax Census Tract: 626.05
  • CFD/Mello-Roos Fee: $2,005
  • Tax Lot: 5
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Park, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Free-Standing Range, Disposal, Microwave, Refrigerator, Water Heater Central
  • Equipment: Dryer, Dryer Included, Garage, Microwave, Refrigerator, Washer, Washer Included
  • Interior Features: Balcony, Beamed Ceilings, Block Walls, High Ceilings, Living Room Deck Attached, Open Floorplan, Quartz Counters, Track Lighting
  • Room Type: Family Room, Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Water Heater Features: Central Water Heater
  • Laundry: Yes
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • Fireplace Features: Family Room, Gas
  • Fireplace Rooms: Family Room, Gas
  • Cooling: None
  • Heating Type: Central
  • Heating: Central, Fireplace(s)
  • Heat Equipment: Fireplace
  • Flooring: Laminate, Tile
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Exterior: Stucco, Wood
  • Roof: Composition, Flat, Mixed
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Block, Wood
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • View Description: Coastline, Ocean, Water
  • Waterfront Features: Beach Access, Ocean Access
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Corner Lot, Front Yard, Landscaped, Park Nearby, Walkstreet, Yard
  • Direction Faces: Northwest
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Direct Entrance, Door Opener, Driveway, Garage, Garage - 2 Car
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Direct Garage Access, Driveway, Garage, Garage Faces Front, Garage - Two Door, Garage Door Opener
Property / Structure Info
  • Builders Tract Name: North Laguna
  • Builders Tract Code: North Laguna (NL)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,500
  • Unit Type Total Rent: $5,500
  • Unit Type Pro Forma: 6250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,250
  • Unit Type Total Rent: $5,250
  • Unit Type Pro Forma: 5750
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Disposal: 2

Property History for 496 Cypress Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 496 Cypress Drive

Taxable ValueLand$2,184,840Additions$280,908Total$2,465,748
Tax Record2023$27,108 ($2,259 / month)
Home Facts
Total Finished SqFt1,873 SqFtAbove Grade Finished SqFt1,873 SqFtStories2Lot Size4,125 SqFtStyleDuplexYear Built1978CountyORANGEAPN496-031-10

Schools near 496 Cypress Drive

This home is within Laguna Beach Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 3
RatingSchoolDistance
El Morro Elementary School
PublicK to 5

Thurston Middle School
Public6 to 8

Laguna Beach High School
Public9 to 12

LEA Stone
PrivateK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

496 Cypress Drive is a multi-family home for sale in Laguna Beach, CA 92651. This property was listed for sale on September 14, 2023 by THE brokeredge, it's currently listed at $3,595,000. It has been on the market for a total of 80 days and was last sold on June 7, 2021. This listing's school district is Laguna Beach Unified School District. Nearby schools include El Morro Elementary School, Thurston Middle School and Laguna Beach High School. 496 Cypress Drive is a 4-bed, 4-bath, 1,873 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of THE brokeredge, Sammer Mudawar, DRE #01723613

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.