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319 Cypress Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - bed, bath

319 Cypress Drive, Laguna Beach, California 92651 home-pic-0
ACTIVE$8,995,000
319 Cypress Drive, Laguna Beach, California 92651
0Bed
0Bath
4,000Sqft
6,000Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Location & Views: Situated in the coveted 'Tree Streets' neighborhood of North Laguna, offering ocean, city lights, hills, and neighborhood views, with ideal walkability to downtown Laguna, Main Beach, Heisler Park, and local amenities.
Top Cons:
High Price Point: The list price of $8.995 million represents a significant investment, targeting a very specific and limited buyer demographic.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1951 (74 years old).
Condition: The property, built in 1951, boasts 'all new interiors' for both the primary residence and the detached four-unit building, indicating a significant and recent renovation of the living spaces, including implied updates to kitchens and bathrooms. The exterior images show a well-maintained and updated appearance. This makes the property move-in ready with modern aesthetics. However, the property analysis notes a 'Potential for Older Infrastructure' regarding underlying systems (e.g., plumbing, electrical, HVAC, roof) due to the original build year. While the visible components are new or extensively updated, the potential for older major systems prevents an 'Excellent' rating, which requires all components to be virtually new. Therefore, 'Good' is appropriate as it signifies a well-maintained property with extensive recent interior updates, but acknowledges the older core structure.
Year Built
1951
Close
-
List price
$8.99M
Original List price
$8.99M
Price/Sqft
$2,249
HOA
-
Days on market
-
Sold On
-
MLS number
LG25093897
Home ConditionGood
Features
Good View: City Lights, Hills, Neighborhood, Ocean, Water
Deck
Patio
ViewCity Lights,Hills,Neighborhood,Ocean,Water

About this home

Stunning North Laguna property in coveted "Tree Streets" neighborhood. Total of six units including an elegant primary residence comprised of 3 bedrooms and two baths, great room, ocean views, patios, decks and professional landscaping. All new interiors. Attached to the SFR is a two level ocean view apartment which could be combined with the main residence. Then, at the rear of the property and accessed by Cedar Way, is the detached four-unit residential building. This structure is comprised of two 1-bedroom apartments and two large studio apartments. All new interiors also. Between the two property structures is a stunning garden & patio area providing a combination of entertainment and privacy for the environment. The primary residence has a two car garage and spacious driveway from Cypress. The rear structure offers two single garages, parking spaces, storage and large laundry room. Legal as a six-unit property, the options and opportunities are many for personal use and/or residential income. Located near Aster and Cypress, the site is ideal for strolling to downtown Laguna, Main Beach, Heisler Park and a multitude of restaurants, galleries and shops. This is a very special, landmark-style compound.

Condition Rating
Good
The property, built in 1951, boasts 'all new interiors' for both the primary residence and the detached four-unit building, indicating a significant and recent renovation of the living spaces, including implied updates to kitchens and bathrooms. The exterior images show a well-maintained and updated appearance. This makes the property move-in ready with modern aesthetics. However, the property analysis notes a 'Potential for Older Infrastructure' regarding underlying systems (e.g., plumbing, electrical, HVAC, roof) due to the original build year. While the visible components are new or extensively updated, the potential for older major systems prevents an 'Excellent' rating, which requires all components to be virtually new. Therefore, 'Good' is appropriate as it signifies a well-maintained property with extensive recent interior updates, but acknowledges the older core structure.
Pros & Cons

Pros

Exceptional Location & Views: Situated in the coveted 'Tree Streets' neighborhood of North Laguna, offering ocean, city lights, hills, and neighborhood views, with ideal walkability to downtown Laguna, Main Beach, Heisler Park, and local amenities.
Significant Income Potential: Legally configured as a six-unit property, including a primary residence, an attached apartment, and a detached four-unit building, providing substantial residential income opportunities.
Versatile Living & Investment: Offers unique flexibility for personal use as a primary residence, potential for unit combination, and strong income generation, making it a highly adaptable compound for various owner needs.
Extensively Renovated Interiors: Both the primary residence and the four-unit building feature 'all new interiors,' minimizing immediate renovation costs and offering modern, updated living spaces.
Ample Parking & Outdoor Amenities: Includes a two-car garage for the primary residence, additional garages, parking spaces, and a 'stunning garden & patio area' designed for entertainment and privacy.

Cons

High Price Point: The list price of $8.995 million represents a significant investment, targeting a very specific and limited buyer demographic.
Potential for Older Infrastructure: While interiors are new, the property's 1951 build year suggests that some underlying systems (e.g., plumbing, electrical, HVAC, roof) not explicitly mentioned as updated might be older, potentially requiring future capital expenditures.
Management Complexity: Operating a six-unit property, even with its income benefits, entails considerable landlord responsibilities, maintenance coordination, and tenant management, which may not appeal to all prospective buyers.

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