CA > Laguna Beach
Laguna Beach, CA 92651,150 Cress ST
Laguna Beach, CA 92651,150 Cress ST
Laguna Beach, CA 92651,150 Cress ST
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$8,795,000
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7,239 Sqft Lot
Price Dropped by $200K

150 Cress ST Laguna Beach, CA 92651

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Shirley Smith

Shirley Smith

+1(619) 559-6548

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25017251

HOA Y/N No

Year Built 1955

Lot Size 7,239 Sqft

Property Sub-Type Triplex

Property 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

Location

State CA

County Orange

Area Lv - Laguna Village

Interior

Inclusions Furnishings

Fireplace No

Laundry Stacked

Exterior

Parking Features Driveway, Garage

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Hiking, Park, Water Sports

Waterfront Description Beach Access,Beach Front,Ocean Access,Ocean Side Of Highway

Total Parking Spaces 6

Private Pool No

Building

Lot Description Corner Lot

Story 1

Sewer Sewer Tap Paid

Water Public

New Construction No

Others

Senior Community No

Tax ID 64407406

Energy Description 2000.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Virtual Tour https://150Cress.com/

California Regional MLS (CRMLS)
Listed by Derek Larson • Derek Lee Larson • 949-677-4121

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agent

Shirley Smith

Agent | License ID: 02046865

+1(619) 559-6548

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150 Cress ST

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