150 Cress Street

Laguna Beach, CA 92651

  • 8 Bed(s)
  • 5.5 Bath(s)
  • 2,879 Sqft
  • 7241
    Sqft(Lot)
$8,995,000

Description

Seller to entertain offers beginning at $8,995,000. discover an unparalleled coastal haven at cress street beach. we proudly present an extraordinary opportunity to acquire a truly unique and elusive vacation rental oceanfront triplex, elegantly divided as a single family residence style villa, and completely separate duplex style villas, at the doorstep of cress street beach. this is a rare opportunity, a permitted vacation rental income property on the shores of laguna beach cannot be duplicated, or replaced, so rare in fact, that any property like it, simply put, may not come on the market again. this highly coveted property features 3 elegantly appointed ocean-view villas, 120, 130, and 150 cress street are set on an expansive 7,500sf meticulously hardscaped lot, elegantly divided between 2 charming buildings. perfectly suited for discerning real estate investors or those seeking an exquisite owner-occupied residence, this remarkable property boasts an impressive minimum annual revenue of $420,000, & can absolutely earn in a range as high as $550,000+. vrbo and airbnb super host accounts included! buyer may also chose to continue the current 5-star property management service, for a seamless transfer of ownership. 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. whether indulging in the sun-kissed sands just beyond their doorstep or savoring a sunset glass of wine by one of the 4 outdoor fire pits that overlook the pacific ocean, it is no surprise that guests are drawn back to the enchanting “villas of laguna vista” time and again, a testament to the property’s undeniable allure and year-round demand. this is also a luxury builders dream property with massive value increase potential, with the addition of a second story. seize this remarkable opportunity to invest in a coastal gem that promises elegance, sustainability, and profitability on the world famous shores of laguna beach.

  • 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: 2,879

    Pool Features

    • None

    Laundry Features

    • Stacked

  • Lot Details

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

  • Listing Price Information

    • Original List Price: 8,995,000
    • 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
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BuyOwner last updated this listing 02/22/2025 @ 11:42

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

is a Home, with 8 bedrooms which is for sale, it has 2,879 sqft, 7,241 sized lot, and 3 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Laguna Beach , in zip code 92651, this Orange County Home , it is in the The Village (VIL) Subdivision, are nearby neighborhoods.