150 Cress St., Laguna Beach, CA 92651

FOR SALE
  • $7,498,000
  • 59 Days on site
  • Est: $27,780/month
  • Mortgage Center
  • Beds: n/a
  • Baths: n/a
  • Multi-Family Home
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Description

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 theappointments 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. Click here to learn more about this listing.

  • MLS ID# OC17118002
  • Year Built: 2007
  • 59 Days on site
  • Multi-Family Home
  • Beds: n/a
  • Baths: n/a

Listing Details

Window Type
Double Pane Windows
Flooring
Tile, Wood
Architecture
Contemporary
Lot Features
Ocean View, Water View
Parking
Garage, Parking Space (6)
Roof
Composition Roof
Features
Stucco Exterior, Wood Exterior
Heating
Forced Air
Assessed Taxable Amount
$3,147,275
Tax Amount
$34,024
Last Transaction Date
06/02/2005
Last Transaction Purchase Price
$2,900,000
Property Type
Multi-Family (2-4 Units)
Home Size (Sqft)
2,605
Lot Size (Sqft)
6,800
Lot Size (Acres)
0.16
Year Built
1955
Units
3
Parking
Garage

Public Facts: As provided by County Assessor and Recorder offices. May not reflect recent additions or improvements. If you see any errors, the best way to get the records updated is to contact your local county records office. If any of the information in this section conflicts with property information provided by a listing agent or broker, agent-provided information should be deemed more reliable.

Local Info

Population
22,620
Median Household Income
$104,540
Median Years In Residence
8
Median Homeowner Age
46
Households with Children
32.87%
Percent of Homes Rented
33.81%

Nearby Elementary Schools

340 Saint Anns Dr
30516 Coast Hwy
21601 Tree Top Ln

Nearby Middle Schools

30516 Coast Hwy
2100 Park Ave
1 Orion

Nearby High Schools

625 Park Ave
28000 Wolverine Way
26800 Aliso Viejo Pkwy

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Mortgage Rates

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Property Contact Info

Listing Provided By: Tri-Star Realty
(949) 276-7325
Listing Agent: Carl Wuestehube

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