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Sold for $3,075,000
  • Listed by: Keller Williams Realty Antelope Valley • Thomas Paulauskas • Contact: 661-480-6110
    Bought with: Realty One Group West
    $3,075,000

    361 Cypress Dr, Laguna Beach, CA 92651

    6beds
    5baths
    2,316sqft
    Quadruplex
    Built in 1946
    -- sqft lot
    $3,555,600 Zestimate®
    $1,328/sqft
    $6,816 Estimated rent

    Home value

    $3,555,600

    $3.13M - $4.09M

    $6,816/mo

    Zestimate® history
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    $6,816/mo

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    $19,203/mo

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    $19,203/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Thomas Paulauskas DRE #01793536 661-480-6110,

    Keller Williams Realty Antelope Valley

    Bought with:

    Robert Kendziorski, DRE #01161224

    Realty One Group West

    Source: CRMLS,MLS#: SR23127274MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Appliances
    • Included: Dryer, Washer
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 2,316
    • Total interior livable area: 2,316 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage
    • Garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: front door
    • Pool features: None
    Lot
    • Size: 6,098 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 49612205
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1946

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: See Remarks

    Community & HOA

    Community
    • Features: Water Sports
    • Subdivision: North Laguna (Nl)
    Location
    • Region: Laguna Beach

    Financial & listing details

    • Price per square foot: $1,328/sqft
    • Tax assessed value: $3,199,230
    • Date on market: 7/13/2023
    • Cumulative days on market: 289 days
    • Listing terms: Cash,Conventional,1031 Exchange,FHA
    • Inclusions: Existing Furniture

    Price history

    DateEventPrice
    6/29/2026Listing removed$7,000$3/sqft
    Source: CRMLS #LG26122192 Report a problem
    6/26/2026Listed for rent$7,000+180%$3/sqft
    Source: CRMLS #LG26122192 Report a problem
    2/22/2025Listing removed$2,500$1/sqft
    Source: CRMLS #LG25037094 Report a problem
    2/20/2025Listed for rent$2,500-61.5%$1/sqft
    Source: CRMLS #LG25037094 Report a problem
    5/31/2024Listing removed--
    Source: Zillow Rentals Report a problem
    5/25/2024Price change$6,500-5.8%$3/sqft
    Source: Zillow Rentals Report a problem
    5/18/2024Listed for rent$6,900+10.4%$3/sqft
    Source: Zillow Rentals Report a problem
    12/14/2023Sold$3,075,000-8.2%$1,328/sqft
    Source: CRMLS #SR23127274 Report a problem
    11/8/2023Contingent$3,349,500-4.2%$1,446/sqft
    Source: CRMLS #SR23127274 Report a problem
    10/18/2023Pending sale$3,495,000$1,509/sqft
    Source: CRMLS #SR23131532 Report a problem
    9/1/2023Price change$3,495,000-5.5%$1,509/sqft
    Source: GAVAR #23004811 Report a problem
    7/13/2023Listed for sale$3,699,800$1,597/sqft
    Source: CRMLS #SR23127274 Report a problem
    4/9/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    10/19/2020Price change$6,250-4.1%$3/sqft
    Source: Owner Report a problem
    9/1/2020Listed for rent$6,520+43.3%$3/sqft
    Source: Owner Report a problem
    5/6/2018Listing removed$4,550$2/sqft
    Source: Owner Report a problem
    4/17/2018Listed for rent$4,550$2/sqft
    Source: Owner Report a problem
    3/1/2018Listing removed$4,550$2/sqft
    Source: Owner Report a problem
    2/26/2018Price change$4,550-8.1%$2/sqft
    Source: Owner Report a problem
    11/7/2017Price change$4,950-7.5%$2/sqft
    Source: Owner Report a problem
    10/24/2017Listed for rent$5,350$2/sqft
    Source: Owner Report a problem
    6/4/2017Listing removed$5,350$2/sqft
    Source: Owner Report a problem
    5/18/2017Listed for rent$5,350$2/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $3,199,230 +2%
    2025$35,200 +2%$3,136,500 +2%
    2024$34,500 +195.6%$3,075,000 +293.3%
    2023$11,672 +3.6%$781,908 +2%
    2022$11,272 +3.6%$766,577 +2%
    2021$10,881 +2.9%$751,547 +1%
    2020$10,573 $743,841 +2%
    2019$10,573 +2.5%$729,256 +2%
    2018$10,311 +5.2%$714,957 +2%
    2017$9,799 $700,939 +2%
    2016$9,799 +2.6%$687,196 +1.5%
    2015$9,552 +4.7%$676,874 +2%
    2014$9,123 $663,615 +0.5%
    2013-- $660,616 +2%
    2012-- $647,663 +2%
    2011-- $634,964 +0.8%
    2010-- $630,219 -0.2%
    2009-- $631,717 +2%
    2008-- $619,331 +2%
    2007-- $607,188 +2%
    2006-- $595,283 +2%
    2005-- $583,611 +2%
    2004-- $572,168 +1.9%
    2003-- $561,682 +2%
    2002-- $550,669 +2%
    2001$7,251 +4.8%$539,872 +2%
    2000$6,921 $529,287
    Find assessor info on the county website

    Neighborhood: 92651

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,555,600
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,555,600