150 Cress Street, Laguna Beach, CA

$6,495,000

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0.17

Acres

About 150 Cress Street

Best Beach Location!! One Of The Best Value In Southern California!! Best Income Property On The Beach!! See To Believe It!! This spectacular, trophy property offers three (3) world class beach villas with at least six (6) parking (very rare) nestled on a prime beachfront location in World Famous Laguna Beach. Appointed to the nines, this luxury property offers the very best in form, function and location. The three beach villas boast single level floorplans enhanced with the finest designer finishes. Spectacular outdoor spaces include 4 fire pits, multi-level conversation spaces, with incredible ocean-view verandas. Mere feet from beach access, & within walking distance of many fine restaurants & shops. Mixes of three villas are 2 bed & 1 bath; 3 bed & 2 baths: & 3 bed rooms & 2.5 baths. Or the entire family complex offers a total of 8 bed rooms and 5.5 bath rooms. Each villa has the appointments rivaling better than the most prestigious hotels in town. Excellent use as a beach house for family and friends; as a second home when needed and rent the villas as vacation rentals and/or rent them as needed to supplement the income to offset property and other taxes. Villas offer a viable 1031 exchange for your investment dollars and enhances your great investment opportunity in one of the best & classy beach City in the United States. Currently the villas are utilized as high end vacation rentals with excellent income stream. Take a tour and appreciate what this spectacular beachfront property offers.

Features of 150 Cress Street

MLS® # OC21098483
Price $6,495,000
Bathrooms 0.00
Acres 0.17
Year Built 2007
Type Residential Income
Style Contemporary
Status Active

Community Information

Address 150 Cress Street
Area LV - Laguna Village
Subdivision Main Beach (BCH)
City Laguna Beach
County Orange
State CA
Zip Code 92651

Amenities

Utilities Sewer Connected
Parking Spaces 6
Parking Door-Multi, Door-Single, Garage Faces Front, Garage
# of Garages 3
Garages Door-Multi, Door-Single, Garage Faces Front, Garage
View Ocean
Is Waterfront No
Waterfront Ocean Side Of Freeway
Has Pool No
Pool None

Interior

Interior Stone, Wood
Interior Features Crown Molding, Coffered Ceiling(s), Granite Counters, Open Floorplan, Recessed Lighting
Appliances Dishwasher, Disposal, Microwave, Refrigerator, Water Purifier, Dryer, Washer
Heating Forced Air
Has Basement No
Fireplace Yes
Fireplaces Electric, Fire Pit, Wood Burning
# of Stories 1
Stories One

Exterior

Exterior Stucco, Wood Siding
Lot Description Bluff
Windows Double Pane Windows
Roof Composition, Shingle
Construction Stucco, Wood Siding

Additional Information

Date Listed May 8th, 2021
Days on Market 46
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentCarl Wuestehube
OfficeTri-Star Realty

Listing Map

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