56
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$8,795,000
Est. payment /mo
Price Dropped by $200K
150 Cress ST Laguna Beach, CA 92651
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25017251
Originating Board California Regional MLS
Year Built 1955
Lot Size 7,241 Sqft
Property Sub-Type Triplex
Property Description
Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique and elusive vacation rental oceanfront triplex, elegantly divided as a single family residence style villa, and completely separate duplex style villas, at the doorstep of Cress Street Beach. This is a rare opportunity, a permitted vacation rental income property on the shores of Laguna Beach cannot be duplicated, or replaced, so rare in fact, that any property like it, simply put, may not come on the market again. This highly coveted property features 3 elegantly appointed ocean-view villas, 120, 130, and 150 Cress Street are set on an expansive 7,500sf meticulously hardscaped lot, elegantly divided between 2 charming buildings. Perfectly suited for discerning real estate investors or those seeking an exquisite owner-occupied residence, this remarkable property boasts an impressive minimum annual revenue of $420,000, & can absolutely earn in a range as high as $550,000+. VRBO and AirBNB Super Host accounts included! Buyer may also chose to continue the current 5-star property management service, for a seamless transfer of ownership. The centerpiece of this extraordinary ensemble is the primary villa, a sophisticated single-level residence offeri
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Laundry Stacked Only
Exterior
Parking Features Garage, Other
Garage Spaces 6.0
Pool None
Building
Sewer Sewer Available
Water District - Public
Others
Tax ID 64407406
Special Listing Condition Not Applicable
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Listed by Derek Larson • Derek Lee Larson