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$ 7,495,000
Est. payment | /mo
8 Beds
6.5 Baths
3,300 SqFt
$ 7,495,000
Est. payment | /mo
8 Beds
6.5 Baths
3,300 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $2,271
MLS Listing ID OC25149921
Bedrooms 8
Full Baths 5
Half Baths 1
Year Built 1955
Property Sub-Type Detached
Property Description
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.
Location
State CA
County Orange
Direction From South Coast Highway, turn toward ocean, last home on the right.
Interior
Fireplaces Type FP in Family Room
Fireplace No
Exterior
Garage Spaces 3.0
View Y/N Yes
Water Access Desc Public
View Ocean
Building
Story 1
Sewer Sewer Paid
Water Public
Level or Stories 1
Others
Tax ID 64407406
Special Listing Condition Standard
Virtual Tour https://150Cress.com/idx
Listed by Derek Larson Derek Lee Larson
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