150 Cress St

Laguna Beach, CA 92651 View Map $7,995,000 Schedule a Tour
Beds8
Baths5Full11/2
Sq.Ft.3,483
Year2007
Tony Mariotti

Tony Mariotti

(323) 678-9004

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Status: Active
Property Type:Single Family Residence
MLS #:OC22166113
Sq. Feet:3,483
On Site:14 Days
Lot Size:7,241 Sq. Ft.
County:Orange
Best Value! Best Beach Location! Best Potential! This gated World Class Laguna Beach residential family compound consists of 3 beautiful beach villas: Laguna Vista, Cress Point and Laguna Point. Perhaps the most attractive and versatile multi-villa property currently available in the coastal area of Orange County. Nestled on an approximately 7,200 sq. ft. lot immediately adjacent to the Cress Street Beach steps, and with parking for at least 6 vehicles. It is a rare and incredible value and shines as a family complex, multiple lucrative beach villa rentals, or both. It has 3 lovely single-level villas offer a total of 8 bedrooms, 5 full baths plus a half-bath. Mixes of three villas are 2 bedrooms & 1 bath; 3 bedrooms & 2 baths; & 3 bedrooms & 2.5 baths. The compound rests a short walk or ride from restaurants and shopping in one of the area's trendiest neighborhoods, the Hip district. Completely renovated and incorporating the finest materials and fixtures, each of the beach villas is worthy of the most discriminating guests or family members. Wide-plank wood and tasteful natural stone tile floors and shower walls, recessed lighting, crown molding and tray ceilings, stainless steel kitchen appliances, and luxurious bathrooms are only a few of the features contributing to the ambiance of casual sophistication. An expansive, multi-level central courtyard features 4 fire pits and seating, with views of the ocean and spectacular sunsets. The investment and use options of this one-of-a-kind complex make it a superb prospect for immediate as well as long-term financial and tax benefits while creating a versatile opportunity for fiscal and personal gratification. These three spectacular beach villas generated income well over $400K in 2021 as vacation rentals, and we believe it can exceed over $450K in income for 2022. Villas offer a viable 1031 exchange for your investment dollars & enhances your great investment opportunity in one of the best & highly regarded beach City in the United States. Excellent use as a beach house for family & friends; as a second home when needed; & rent the villas as vacation rentals as needed and/or rent them as needed to supplement the income to offset property mortgage and taxes. The rare Laguna Beach short term rental license conveys with the property. Further, potential to add second story to capture mesmerizing view of Laguna Beach Coastal line, Catalina Island, beautiful hills of Laguna beach and surrounding areas.

Listing Agent/Office

Agent Name:Carl Wuestehube
Office Name:Tri-Star Realty

Property Details for 150 Cress St

This 8-bedroom / 6-bathroom single family residence for sale sits in the The Village (Vil) neighborhood of Laguna Beach in Orange County. The interior size of the home is 3483 square feet and it sits on a parcel of land that is approximately 0.17 acres.

The current asking price is $7,995,000. Our experienced agents can help you determine whether that is a fair amount for the property. What's more, we'll help you strategize and submit a smart offer that will get accepted based on current market conditions.

The property at 150 Cress St represents an excellent opportunity for homebuyers to own a home in Laguna Beach.

Buying 150 Cress St

If you'd like to see this residence in person, our Laguna Beach real estate agents will gladly arrange a private tour. Please call RubyHome at (323) 678-9004 today or send us a note.

If you are looking to sell a home near 150 Cress St or anywhere in Laguna Beach, our Realtors® can provide up-to-date Laguna Beach real estate market information and local insights to help you price your home appropriately. From there, we will go to work and aggressively market it to prospective buyers.

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Community Information

Address:150 Cress St Laguna Beach, CA 92651
County:Orange
School System:Laguna Beach Unified
Subdivision:The Village (Vil)
Zip Code:92651

Architecture

Bedrooms: 8
Bathrooms: 5 Full / 1 Half
Year Built:2007
Stories:1
Style:Cottage
Construction Materials: Wood Siding
Total Units: 1
Stories Total: 1
Roof: Composition
Parking Features: One Space
Open Parking Spaces: 2.0
Parking Total: 2.0

Features / Amenities

Interior Features: Ceiling Fan(s), Furnished, Granite Counters, Recessed Lighting, AllBedroomsDown
Appliances: Built-In Range, Barbecue, Convection Oven, Dishwasher, Exhaust Fan, Freezer, Gas Cooktop, Gas Oven, Ice Maker, Microwave, Refrigerator
Fireplace Features: Gas, Living Room
Flooring: Stone
Laundry: Inside
Patio And Porch: Concrete, Open, Patio
Door Features: French Doors
Entry Location: Ground Level
Security Features: Smoke Detector(s)
Window: CustomCoverings
Common Walls: No Common Walls
Cooling: Central Air
Heating: Central

Rooms

Kitchen
Bathroom
Living Room
Bedroom

Property Features

Lot Size: 0.17 Acres / 7,241 Sq. Ft.
Lot Features: Item01UnitAcre
View: Coastline, Ocean, Panoramic, Water
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Sewer: SewerTapPaid
Water: Public
Fencing: Wrought Iron
Directions:Cross Streets: Cress St/ Gaviota Dr

Tax and Financial Info

Terms: Cash, Conventional
Land Lease: No
Disclosures: ConditionalUsePermit

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150 Cress St Laguna Beach, CA 92651
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150 Cress St Laguna Beach, CA 92651
 
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Listing agent / office Carl Wuestehube, Tri-Star Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of August 10, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.