REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Derek Larson • Derek Lee Larson
$ 8,495,000
Est. payment /mo
Price Dropped by $300K
150 Cress Street Laguna Beach, CA 92651
8 Beds
6 Baths
3,300 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $2,574
MLS Listing ID OC-25017354
Bedrooms 8
Full Baths 5
Half Baths 1
Year Built 1955
Lot Size 7,241 Sqft
Property Sub-Type Single Family Residence
Property Description
Motivated Seller! Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique 3 Bedroom 2.5 bath single level home, that also includes a duplex with amazing ocean views, only steps to the sand. 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 nearly $500,000 per year, or live in the primary single level home full time and continue to take advantage of the vacation rental permits and rent the duplex for $250,000-$300,000 a year! The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress Street, it 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. This is a once in a lifetime opportunity. Your dream of owning a piece of paradise on the world famous shores of Laguna Beach awaits.
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Cooling Ductless
Fireplaces Type Family Room
Laundry Stackable
Exterior
Garage Spaces 3.0
Pool None
Community Features Biking, Hiking
View Y/N Yes
View Ocean
Building
Lot Description Corner Lot, Lot 6500-9999
Sewer Sewer Paid
Others
Virtual Tour https://150Cress.com/idx