150 Cress Street

Laguna Beach , CA 92651

MLS#: OC25149921

$9,495,000

Status: Active
Listing number: OC25149921
Listing provided by: Derek Lee Larson
Listing agent phone: None
Last update: 2 days ago
On site: 22 days ago
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Property

Beds

8

Full Baths

5

1/2 Baths

1

Year Built

1955

Sq.Footage

3,300

This is an extraordinary opportunity to acquire a unique, 2 homes on 1 oversized lot, only steps to Cress Street Beach. The first home is a 3 Bedroom 2.5 bath 1400sf, completely detached, single level home, 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. Live in paradise and effortlessly earn $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 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 Duplex features 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.

Features & Amenities

Interior

  • Other Interior Features

    Master Downstairs

  • Total Bedrooms

    8

  • Bathrooms

    5

  • 1/2 Bathrooms

    1

  • Cooling YN

    YES

  • Cooling

    Ductless

  • Fireplace YN

    YES

  • Main Level Bedrooms

    3

Exterior

  • Garage

    Yes

  • Garage spaces

    3

  • Parking

    Attached

  • Pool

    Yes

  • Pool Features

    None

  • View

    Ocean

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.1662

  • Property Type

    Residential

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $9,495,000

  • Sq. Footage

    3, 300

  • Price/SqFt

    $2,877

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Senior Community YN

    NO

  • Tax Lot

    14

  • Water Source

    Public

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Location

County

Orange

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Listing Courtesy of Derek Larson , Derek Lee Larson

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Agent LinaMirza

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Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


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This is an extraordinary opportunity to acquire a unique, 2 homes on 1 oversized lot, only steps to Cress Street Beach. The first home is a 3 Bedroom 2.5 bath 1400sf, completely detached, single level home, 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. Live in paradise and effortlessly earn $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 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 Duplex features 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.

150 Cress Street

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