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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, downtown Laguna Beach, dining, shopping, and cultural attractions.
The asset features a diverse and flexible unit mix, including two larger three-bedroom residences suitable for owner-occupancy or premium rentals, along with two studios and a one bedroom unit that appeal to long-term tenant demand. Property amenities include private outdoor spaces, garage parking, in-unit and/or on-site laundry, community storage, and shared outdoor gathering and barbecue areas. Two units have ocean view.
With classic cottage architecture, efficient floor plans, and a walkable coastal location near Heisler Park and Main Beach, this five-unit property offers durable leasing demand and long-term value. The property has been well maintained by long-term ownership and presents an attractive opportunity for an owner-user investor or long-term hold, providing stable income, tax advantages, and ongoing equity growth.
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| List Price | $5,695,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 4,776 |
| Number of Stories | 2 stories |
| Parking Spots | 2 spots |
| Year Built | 1956 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 49612108 |
| MLS # | LG26015787 |
| Property ID | 294489929 |
| Lot Sqft | 5,910 |
| Zoning | Unknown |
| Total Units | 5 |
| Applicances | Dishwasher,Electric Range,Gas Range,Refrigerator% |
| Date Updated | February 01, 2026 |
| Date Created | January 15, 2026 |
Jill Witte an agent of . Lic #01790889
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 01, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT