CA > Laguna Beach
Laguna Beach, CA 92651,150 Cress ST
Laguna Beach, CA 92651,150 Cress ST
Laguna Beach, CA 92651,150 Cress ST
Laguna Beach, CA 92651,150 Cress ST
Laguna Beach, CA 92651,150 Cress ST
Laguna Beach, CA 92651,150 Cress ST
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A+J Partners

A+J Partners

+1(650) 228-9672
Listed by Derek Larson • California Dream Luxury Homes & Investments
$ 6,994,950
Est. payment | /mo

8 Beds

5.5 Baths

3,300 SqFt

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$ 6,994,950
Est. payment | /mo
Save Virtual Tour

8 Beds

5.5 Baths

3,300 SqFt

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 $2,119

MLS Listing ID CROC25233708

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

PRICED TO SELL! This is an extraordinary opportunity to live steps to Cress Street Beach in world famous Laguna Beach, or a builders dream property, and build up to 6, 1500sf luxury ocean view condos, easily valued at $16,500,000 combined. Currently, there are 2 ocean view homes on 1 oversized lot. The first home is a 3 Bedroom 2.5 bath 1400sf, completely detached, single level, and the second home is an 1800sf Duplex with amazing ocean views. The 3 elegantly appointed, and fully furnished 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, with the option to occupy both homes, or rent the duplex. What's more impressive, all 3 Villas are permitted for vacation rentals. Currently operating as an investment property, earning in excess of $400,000 annually, or perfect for the buyer that wants to live in paradise, while effortlessly earning $250,000+ from the duplex. The short term lodging permits will never expire! The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress

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

Virtual Tour https://www.wellcomemat.com/mls/54fb2f6b51ab1mcgp

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A+J Partners

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150 Cress ST