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Laura A Clinton

lc@lauraclinton.realtor +1(949) 228-2554

$ 8,795,000

Est. payment -/mo

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Price Dropped by $200K

150 Cress Street Laguna Beach, CA 92651

8 Beds

6 Baths

3,300 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $2,665

MLS Listing ID OC25017354

Bedrooms 8

Full Baths 5

Half Baths 1

HOA Y/N No

Year Built 1955

Lot Size 7,239 Sqft

Property Sub-Type Triplex

Property Description

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.

Location

State CA

County Orange

Area Lv - Laguna Village

Rooms

Main Level Bedrooms 3

Interior

Interior Features Bedroom on Main Level, Main Level Primary

Cooling Ductless

Fireplaces Type Family Room

Fireplace Yes

Laundry Stacked

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Biking, Hiking

View Y/N Yes

View Ocean

Attached Garage Yes

Total Parking Spaces 3

Private Pool No

Building

Lot Description Corner Lot

Dwelling Type Triplex

Story 1

Entry Level One

Sewer Sewer Tap Paid

Water Public

Level or Stories One

New Construction No

Schools

School District Laguna Beach Unified

Others

Senior Community No

Tax ID 64407406

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/

Listed by Derek Larson • Derek Lee Larson • 949-677-4121

Laura A Clinton

Agent | License ID: 02135140

+1(949) 228-2554

Laura A Clinton

150 Cress Street Laguna Beach, CA 92651

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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150 Cress Street