150 Cress ST Active Save Request In-Person Tour Request Virtual Tour
Laguna Beach,CA 92651
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25017251
Year Built 1955
Lot Size 7,239 Sqft
Property Sub-Type Triplex
Property 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.
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
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
Building
Lot Description Corner Lot
Story 1
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
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/