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Listed by Derek Larson • Derek Lee Larson
$8,495,000
Est. payment /mo
8 Beds
5.5 Baths
3,300 SqFt
Price Dropped by $300K
150 Cress ST Laguna Beach, CA 92651
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Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $2,574
MLS Listing ID CROC25017354
Bedrooms 8
Full Baths 5
Half Baths 1
Year Built 1955
Lot Size 7,241 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
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
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Fireplaces Type Family Room
Laundry Stacked Only
Exterior
Garage Spaces 3.0
Pool None
View Ocean
Building
Story One Story
Sewer Sewer Available
Water District - Public
Others
Tax ID 64407406
Special Listing Condition Not Applicable
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