NOT LISTED FOR SALE

322 Cypress Dr Laguna Beach, CA 92651

North Laguna Neighborhood

Estimated Value: $2,545,000 - $3,078,000

1 Bed
2 Baths
2,708 Sq Ft
$1,035/Sq Ft Est. Value

Sale Details

Date Sold: June 14, 2024

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

Est. 8% increase in value since last sale

Current estimated payment $17,654 / mo

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

6,000 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2026
Sold by
Bought by
Current Estimated Value
$2,801,529

Purchase Details

Closed on
Dec 23, 2025
Sold by
Bought by

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 29, 2024
Sold by
Bought by
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
3.78%
Original Mortgage
$1,819,300
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2021
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 2021
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
$2,599,000 First American Title Company
-- None Listed On Document
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $30,269 $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

  • Mike O’Neill

    Seller's Agent in 2024

    Mike O’Neill

    CB Richard Ellis, Inc.

    (949) 725-8500

    3 in this area

    56 Total Sales

    Mike O’Neill
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-371603

The MLS

APN: 496-035-09

California Orange County Laguna Beach 92651 North Laguna

322 Cypress Dr, Laguna Beach, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.