322 Cypress Dr Laguna Beach, CA 92651
Sale
$2,599,000
3 Units
1 Beds
2 Baths
2,708 Area(sq.ft.)
6,000 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1.50 | No | n/a | n/a | $ 5,000 |
| Unit 2 | 1 | 1 | 1 | No | n/a | n/a | $ 3,000 |
| Unit 3 | 2 | studio | 1 | No | $ 1,400 | $ 2,800 | $ 2,800 |
| 3 | 4 | 3 | 5 | $ 2,800 | $ 5,600 | $ 13,600 |
| MLS #: | 24-371603 |
| Days On Market: | 13 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 960 |
| Price per unit: | $ 866,333 |
| Year Built: | 1917 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 125,712 |
| Total Annual Expense: | $ 40,662 |
| Net Operating Income: | $ 85,050 |
| Gross Annual Income: | $ 129,600 |
| Gross Rent Multiplier: | 20.05 |
Structure
| Type of Units: | Apartments |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Parking Garage: | Garage |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | Other |
Exterior
Detailed Map
Schools
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Income
