150 Cress Street
Laguna Beach, CA, 92651
$8,495,000
8 Beds
6 Baths
3,300 SqFt
0.17 Acres
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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 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.
LISTING AGENT: Derek Larson
LISTING BROKERAGE: Derek Lee Larson
150 Cress Street
Laguna Beach, CA

Property Details

Price:
$8,495,000
MLS #:
OC25017354
Status:
Active
Beds:
8
Baths:
6
Address:
150 Cress Street
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
lvlagunavillage
City:
Laguna Beach
Listed Date:
Jan 23, 2025
State:
CA
Finished Sq Ft:
3,300
ZIP:
92651
Lot Size:
7,241 sqft / 0.17 acres (approx)
Year Built:
1955
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Schools

School District:
Laguna Beach Unified

Interior

Cooling
Ductless
Fireplace Features
Family Room

Exterior

Community Features
Biking, Hiking
Garage Spaces
3.00
Lot Features
Corner Lot, Lot 6500-9999
Parking Spots
3.00
Pool Features
None
Sewer
Sewer Paid
Stories Total
1
View
Ocean
Water Source
Public

Financial

Association Fee
0.00

Map

Community

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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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