150 Cress Street

Laguna Beach, CA 92651

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

Description

Seller will 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 3 bedroom 2.5 bath single level home, with a vacation rental oceanfront duplex, at the doorstep of the pristine shores of cress street beach. this highly coveted property features 2 homes on 1 over-sized lot, including 3 elegantly appointed ocean-view villas, 120, 130, & 150 cress street are set on an expansive and meticulously hardscaped lot. perfectly suited for an exquisite owner-occupied residence, or for the most discerning real estate investor. this remarkable property allows the owner to enjoy one of the most coveted beach house locations in southern california while boasting an impressive annual revenue of $250,000-$300,000 from the duplex alone. the centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 cress street, appropriately named "laguna vista" is 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 two villas, separated by only one common wall between them, feature 3 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, they share a separate two-car garage, accessed from an entirely different street, ensuring privacy and tranquility for the primary villa. each villa is fully furnished, exuding luxury and comfort, providing both you and your 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 four outdoor fire pits that overlook the magnificent ocean, it will be no surprise that your 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. seize this remarkable opportunity to live and invest in a coastal gem that promises elegance, sustainability, and profitability. this is also a luxury builders dream, value could come within striking distance of $20,000,000 with the addition of a second story. your dream of owning a piece of paradise on the world famous shores of laguna beach awaits.

  • Property Type

    Residential

  • County

    Orange

  • Style

    Residential

  • AD ID

    48522354

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Property Details

  • Bedroom Information

    • Total Bedrooms : 8

    Bathroom Information

    • Total Baths: 6
    • Full Baths: 5
    • Half Baths: 1

    Water/Sewer

    • Water Source : Public
    • Sewer : Sewer Tap Paid

    Interior Features

    • Interior Features: Bedroom on Main Level,Main Level Primary
    • Fireplace: Family Room

    Cooling Features

    • Ductless
    • Air Conditioning

    Fireplace

    • Fireplace Features: Family Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1955

    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

    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: LV - Laguna Village
    • Directions: From South Coast Highway, turn toward ocean, last home on the right.
    • Source Property Type: Residential
    • 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
    • Total Square Feet Living: 2879
    • Entry Level: 1
    • Entry Location: Street
    • Levels or Stories: One
    • Building Total Stories: 1
    • Structure Type: Triplex
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BuyOwner last updated this listing 02/22/2025 @ 12:15

  • MLS: OC25017354
  • 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.