150 Cress Street, Laguna Beach

$6,800,000

0 Beds
0 Baths
3,415 Sqft
.17 Acres
3 Garages

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 floor plans 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 an excellent income stream.

Essential Information
MLS® #OC19090148
Price$6,800,000
Bathrooms0.00
Square Footage3,415
Acres0.17
Year Built2007
TypeResidential Income
StyleContemporary
StatusActive
Community Information
Address150 Cress Street
AreaLaguna Village (LV)
SubdivisionMain Beach (BCH)
CityLaguna Beach
CountyOrange
StateCA
Zip Code92651
Amenities
Parking Spaces6
# of Garages3
Is WaterfrontYes
Waterfront

Beach Front, Ocean Side of Freeway, Sea Front

Interior
FireplaceYes
# of Stories1
StoriesOne Level
Appliances

Dishwasher, Garbage Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater Unit, Water Line to Refrigerator, Water Purifier, Water Softener

Heating

Central Furnace, Zoned, Forced Air, Heat Pump

Cooling

Central A/C, Zoned A/C, Heat Pump(s), SEER Rated 16+

Exterior
WindowsDouble Pane Windows
RoofComposition, Shingle
FoundationRaised, Concrete Slab
Lot Description

Bluff Front, Corner Lot, Cul-De-Sac

Additional Information
Date ListedApril 20th, 2019
Days on Market28
Listing Details
AgentCarl Wuestehube(00634943)
OfficeTri-Star Realty

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Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2019 at 8:22pm PDT. 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.

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