Laguna Beach, CA 92651,150 Cress Street
Laguna Beach, CA 92651,150 Cress Street
Laguna Beach, CA 92651,150 Cress Street
57
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Listed by Derek Larson • Derek Lee Larson
$8,495,000
Est. payment /mo
3,300 SqFt
Active

150 Cress Street Laguna Beach, CA 92651

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $2,574

MLS Listing ID CROC25017251

HOA Y/N No

Year Built 1955

Lot Size 7,241 Sqft

Property Sub-Type Triplex

Source Datashare California Regional

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 occupancy can routinely reach 75-80% in this location, which ca!n earn in excess of $500,000 annually! Currently, the seller has also enjoyed using the property, therefore occupancy has been closer to 60%, with more than $400,000 in annual income. 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 tranquili

Location

State CA

County Orange

Interior

Fireplace No

Laundry Other

Building

Lot Description Corner Lot


Bay East AOR and Contra Costa AOR

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agent

Peter Cheung

Realtor | CA BRE#: 02070039

+1(510) 387-3876

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150 Cress Street