NOT LISTED FOR SALE

Estimated Value: $2,554,000 - $3,007,000

1 Bed
2 Baths
2,708 Sq Ft
$1,043/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $2,599,000 $960 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $15,192/month

13 Days on Market

Highlights

  • 3 Car Garage
  • El Morro Elementary School Rated A+
  • 5-minute walk to Heisler Park

About This Home

As of June 2024

322 Cypress Drive is a charming multifamily property located in Laguna Beach, one of the most highly coveted rental markets in California. An investor has an opportunity to own a front single-family residence and a rear duplex building consisting of 6,000 SF of land. Due to the front single-family residence being vacant, a perspective buyer can obtain "owner-user" financing with attractive terms.

Last Agent to Sell the Property

Mike O’Neill

CB Richard Ellis, Inc. License #02036937 Listed on: 03/21/2024

Last Buyer's Agent

Mike O’Neill

CB Richard Ellis, Inc. License #02036937 Listed on: 03/21/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 6,000 Sq Ft Lot

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces

Interior Spaces

  • 2,708 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 496-035-09

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2708
  • Lot Acreage: 0.1429
  • Stories: 2
  • Year Built: 1917
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 1
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 959.75

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 3
  • Garage Structures: 2
  • Parking Garage: Garage
  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 38.44
  • Assessed Improvement Value: 113267
  • Assessed Land Percent: 61.56
  • Assessed Land Value: 181392
  • Total Assessed Value: 294659
  • Assessor Parcel Number: 496-035-09
  • Lot Size Area: 6000

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 20.05
  • Number Of Units: 3
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2025
Sold by
Jensen Anita C
Bought by
Viking Family Properties Lp
Current Estimated Value
$2,823,221

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 29, 2024
Sold by
Laguna Cypress Llc
Bought by
Roskilde I Llc and Roskilde Ii Llc
Seller's Agent
Mike O’Neill
CB Richard Ellis, Inc.
Buyer's Agent
Mike O’Neill
CB Richard Ellis, Inc.
List Price
$2,599,000
Sold Price
$2,599,000
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.27%
Original Mortgage
$1,819,300
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2021
Sold by
Gregory Richard L and Plumlee Elizabeth L
Bought by
Laguna Cypress Llc

Purchase Details

Closed on
Jan 26, 2021
Sold by
Gregory Irene
Bought by
Gregory Richard L
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Viking Family Properties Lp -- None Listed On Document
Jensen Anita C -- None Listed On Document
Viking Investment Properties Lp -- None Listed On Document
Roskilde I Llc $2,599,000 First American Title Company
Laguna Cypress Llc -- None Available
Gregory Richard L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roskilde I Llc $1,819,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2024 06/14/24 Sold $2,599,000 0.0% $960 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $2,599,000 -- $960 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,204 $2,650,980 $2,464,544 $186,436
2024 $6,204 $300,552 $185,020 $115,532
2023 $6,810 $294,659 $181,392 $113,267
2022 $6,502 $288,882 $177,835 $111,047
2021 $6,204 $283,218 $174,348 $108,870
2020 $5,946 $280,314 $172,560 $107,754
2019 $5,764 $274,818 $169,176 $105,642
2018 $5,604 $269,430 $165,859 $103,571
2017 $5,431 $264,148 $162,607 $101,541
2016 $5,267 $258,969 $159,419 $99,550
2015 $5,122 $255,080 $157,025 $98,055
2014 $4,984 $250,084 $153,949 $96,135
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 24-371603

The MLS

APN: 496-035-09