150 Cress Street, Laguna Beach, CA 92651

$7,788,000 Approx. USD 0 beds, 0 baths
3,415 sqft

Agent Remarks

Lifetime opportunity!! This spectacular, trophy property offers three (3) world class beach villas with at least six (6) parking (very rare) nestled on a prime beachfront location in World Famous Laguna Beach. Appointed to the nines, this luxury property offers the very best in form, function and location. The three beach villas boast single level floorplans enhanced with the finest designer finishes. Spectacular outdoor spaces include 4 fire pits, multi-level conversation spaces, with incredible ocean-view verandas. Mere feet from beach access, & within walking distance of many fine restaurants & shops. Mixes of three villas are 2 bed r & 1 bath; 3 bed & 2 baths: & 3 bed rooms & 2.5 baths. Each villa has the appointments rivaling better than the most prestigious hotels in town. Excellent use as a beach house for family and friends; as a second home when needed and rent the villas as vacation rentals and/or rent them as needed to supplement the income to offset property and other taxes. Villas offer a viable 1031 exchange for your investment dollars and enhances your great investment opportunity in one of the best & classy beach City in the United States. Currently the villas are utilized as high end vacation rentals with excellent income stream.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# OC16138545
List price is $7,788,000
Beds: 0
Baths: 0
Electric,Fire Pit,Wood fireplaces
Built in 2007
3,415 sqft
1 stories
0.16 acres
Lot size: 7241.000
County: Orange
Property style: Contemporary
Interior features: Coffered Ceiling(s),Crown Moldings,Granite Counters,Open Floor Plan,Recessed Lighting
Appliances: Dishwasher,Garbage Disposal,Microwave,Refrigerator,Water Purifier
Parking description: Garage - Front Entry,Garage - Single Door,Garage - Two Door
Heating description: Forced Air
MLS area: LV - Laguna Village

Last Updated: 8/14/2016

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This listing belongs to the LV - Laguna Village MLS area

The style of this listing is Contemporary.
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Lat/Long: 33.532192, -117.776359.
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Broker: Courtesy of Tri-Star Realty
Listing Agent: Carl Wuestehube

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