387 Cypress, Laguna Beach, California 92651, Laguna Beach, 92651 - 1 bed, 1 bath
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Laguna Beach, California 92651
Analysis of 387 Cypress, Laguna Beach, California 92651 is currently available with a list price of $799,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Laguna Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1956, this property is in functional condition but shows clear signs of age and lacks recent major renovations. The kitchen features dated cabinetry and older white appliances, the bathroom retains vintage blue tile work, and the living areas have popcorn ceilings and older carpeting. While the unit is well-maintained and move-in ready, it requires cosmetic and fixture updates to meet modern quality standards.
Situated in North Laguna, the property offers exceptional walkability to Downtown, Main Beach, and Heisler Park, providing a quintessential beach lifestyle.
Features an exceptionally large deeded garage with additional storage space, a highly coveted and uncommon luxury for condominiums in this high-density area.
With a monthly association fee of only $288, this property offers relatively low overhead for a premium Laguna Beach address.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 480, other record living area = 792.
At just 480 square feet, the limited interior space may be restrictive for full-time residents or those requiring more functional room.
Unlike many neighboring properties in this coastal community, this unit lacks a view, which may impact its competitive appeal in the luxury Laguna market.
Welcome to a rare gem in the heart of Laguna Beach at 387 Cypress #5, a charming 1-bedroom, single-story upstairs condo that perfectly captures the essence of coastal living. This light-filled residence offers a peaceful retreat just moments from all the vibrancy that makes Laguna Beach so special. One of the standout features of this home is the exceptionally large deeded garage, an uncommon luxury in this area, complete with valuable extra storage space. Whether you need room for beach gear, bikes, or seasonal items, this added convenience sets the property apart from the rest. Ideally located, the condo boasts incredible walkability to Downtown Laguna Beach and its renowned Main Beach. Enjoy effortless access to local favorites like Heisler Park, the iconic Laguna Art Museum, and a variety of boutique shops, art galleries, and top-rated restaurants along Pacific Coast Highway. Just minutes from the sand, this location offers the ultimate beach-close lifestyle. Imagine morning walks along the shoreline, sunset views, and the soothing sound of the ocean all within easy reach. Whether you're looking for a full-time residence or a weekend escape, this home delivers the quintessential Southern California experience in one of the most desirable coastal communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 4% |
| Baths | 1.0 | 2.0 | 8% |
| Square foot | 480 | 1,174.5 | 4% |
| Lot Size | 5,999 | 13,519.5 | 38% |
| Price | $799.0K | $1.54M | 4% |
| Price per sq ft | $1.7K | $1.4K | 58% |
| Built year | 1956 | 1964 | 4% |
| HOA | $288.0 | $734 | 4% |
| Days on market | 28 | 204 | 4% |
Apr 18, 2026
$799,000
$849,000
-6% Price Drop
Initial Listing
Apr 10, 2026
$849,000
$899,000
-6% Price Drop
Initial Listing
Mar 25, 2026
$899,000
Initial Listing
Apr 13, 2021
$902,500
Public Record
Dec 26, 2019
$673,500
Public Record
Mar 2, 2005
$560,000
Public Record