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$8,795,000

95 Days On Site

150 Cress Street
Laguna Beach, CA 92651

For Sale|Triplex|Active
8

Beds
5

Full Baths
1

Partial Bath
3,300

SqFt
$2,665

/SqFt
1955

Built
County:
Orange
Listed by Derek Larson of Derek Lee Larson [email protected]

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(805) 635-7994

150 Cress Street150 Cress Street150 Cress Street150 Cress Street
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Motivated Seller has already purchased another! 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 $250,000-$300,000 from the permitted vacation rental duplex alone. 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.

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Listing Snapshot
Price 
$8,795,000
Days On Site 
95 Days
Bedrooms 
8
Inside Area (SqFt) 
3,300 sqft
Total Baths 
6
Full Baths 
5
Partial Baths 
1
Lot Size 
0.1662 Acres
Year Built 
1955
MLS® Number 
OC25017354
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Estimated
Friends & Family
Recent Activity
2 months ago Price changed to $8,795,000
2 months ago Listing updated with changes from the MLS®
3 months ago Listing first seen on site
General Features
Acres 
0.1662
Attached Garage 
Yes
Disclosures 
LicensedVacationRental
Garage 
Yes
Garage Spaces 
3
Number Of Stories 
1
Parking 
Attached
Parking Spaces 
3
Property Sub Type 
Triplex
Special Circumstances 
Standard
Stories 
One
Water Source 
Public
Interior Features
Appliances 
Washer/Dryer Stacked
Cooling 
Ductless
Fireplace 
Yes
Fireplace Features 
Family Room
Interior 
Master Downstairs
Main Level Bedrooms 
3
Bedroom 
Master Bedroom 
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Exterior Features
Lot Features 
Corner Lot
Pool Features 
None
View 
Ocean
Waterview 
Ocean
Community Features
Building Access 
Street
Financing Terms Available 
CashConventional
MLS Area 
LV – Laguna Village
School District 
Laguna Beach Unified
Schools
School District

Laguna Beach Unified
Elementary School

Unknown
Middle School

Unknown
High School

Unknown

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore

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