150 Cress Street

Laguna Beach, CA 92651

  • 8 Bed(s)
  • 5.5 Bath(s)
  • 3,300 Sqft
  • 7241
    Sqft(Lot)
$8,795,000

Description

Fully furnished, permitted vacation rental triplex with ocean views only steps to cress street beach! motivated seller has already purchased his next investment! this is one of the most desirable properties, and locations, in all of laguna beach! presenting the villas of laguna vista. ideal configuration across 2 individual buildings, on a fully hardscaped 7500sf sf lot! super host accounts with airbnb and vrbo included. the minimum annual revenue is well over $400,000, and that is at less than 60% occupancy! the income can easily exceed $500,000+ with adjusted seasonal pricing! includes a single family residence style villa, and completely separate duplex style villas, right at the doorstep of cress street beach. the centerpiece of this extraordinary ensemble is the primary villa, a sophisticated single-level residence offering 3 spacious bedrooms and 2.5 opulent baths. this villa includes a private 1-car garage and a gated driveway accommodating up to 3 vehicles. the additional 2 villas, separated by only one common wall featuring 3 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, share a 2-car garage, accessible from oceanfront street, ensuring privacy and tranquility to the primary villa. each villa is fully furnished, exuding luxury and comfort, providing guests with an idyllic beach vacation experience year-round. all 3 villas can be found on airbnb at airbnb.com/h/cresspoint airbnb.com/h/lagunapoint

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    48522356

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Sewer Tap Paid

  • Building Information

    • Year Built: 1955
    • Building Area Total: 3,300

    Pool Features

    • None

    Laundry Features

    • Stacked

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1662
    • Lot Size Source: Estimated
    • Lot Size Square Feet: 7241

  • Listing Price Information

    • Original List Price: 8,795,000
    • Listing Contract Date: 2025-01-23

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 64407406

  • Garage and Parking

    • Garage Description: Driveway,Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: LV - Laguna Village
    • Postal Code Plus 4: 3120
    • Directions: From South Coast Highway, turn toward ocean, last property on right by Cress Street Beach staircase
    • Source Property Type: Residential Income
    • Area: LV - Laguna Village
    • Property SubType: Triplex

    Building and Construction

    • Property Age: 70
    • Common Walls: No Common Walls
    • Structure Type: Triplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/18/2025 @ 18:41

  • MLS: OC25017251
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 3,300 sqft, 7,241 sized lot, and 3 parking. are nearby neighborhoods.