$5,695,000
437 Cypress, Laguna Beach CA 92651
Multi-Family (5 Units)
Property type
139 days
On market
$1,212
Price per sqft
2 cars
Garage
1956
Year built
5,910 sqft
Lot size
Home highlights
Open Houses
Overview
Located in highly desirable North Laguna Beach, 437 Cypress Drive is a well-positioned coastal multifamily investment property comprising five rentable units in one of Southern California’s most supply-constrained rental markets. The property is situated on an approximately 5,900 sq ft R3-zoned lot and benefits from a strong rental history and close proximity to beaches,...
Listing provided by: Jill Witte DRE #01790889, Berkshire Hathaway HomeServices California Properties
Listing updated: Feb 4, 2026 at 03:22am.
Last checked: Jun 5, 2026 at 04:00am
Source: CRMLS #LG26012169
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 3 | — | $6,250 | — | $6,500 | Unfurnished |
| 1 | 3 | 2 | — | $0 | — | $7,250 | Unfurnished |
| 1 | 1 | 2 | — | $3,600 | — | $3,600 | Unfurnished |
| 1 | 1 | 1 | — | $2,600 | — | $2,800 | Unfurnished |
| 1 | 1 | 1 | — | $3,000 | — | $3,300 | Furnished |
# of Buildings: 2
# of Units Total: 5
Separate Electric Meters: 4
Separate Gas Meters: 2
Separate Water Meters: 2
Rent Control: No
Tenant Pays: Cable Tv
Financial Snapshot
Gross Rent Multiplier
21.1x
List Price / Annual Gross Rent
Cap Rate
3.45%
NOI / List Price
Gross Scheduled Income: $270,000
Operating Expense: $59,900
Net Operating Income: $196,600
Annual Operating Expenses
Electric: $9,500
Fuel: $1,250
Insurance: $9,000
Professional Management: $0
Trash: $250
Water / Sewer: $1,000
Interior
Laundry: Common Area, Inside
Entry Location: Street
Exterior
Architectural Style: Cape Cod, Cottage
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Driveway, Garage
Garage Spaces: 2
Uncovered Spaces: 2
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 49612108
Additional Parcels: No
Tax Lot: 16
Tax Block: 28
Community
Senior Community: No
Community Features: Biking, Hiking, Park, Street Lights, Sidewalks, Urban
Nearby Schools
Nearby schools around the 437 Cypress, Laguna Beach, CA 92651. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,556,000
Total Interest
$5,810,927
Total Payment
$10,366,927
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$34,879
per month
Property History for 437 Cypress
Laguna Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92651.
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