150 CRESS Street, Laguna Beach, CA 92651

$6,495,000
3,415
SqFt
List Price
$6,495,000
Status
ACTIVE
MLS#
LG20242549
Year Built
2007
Living Sq. Ft
3,415
Lot Size
7,241
Acres
0.1662
Lot Location
Bluff
Days on Market
8
Property Type
Multifamily
Style
Contemporary
Stories
One Level
Builders Tract Code
Main Beach (BCH)
Neighborhood
Main Beach (Bch)

Property Description

This gated Laguna Beach residential compound, “Laguna Vista,” is perhaps the most attractive and versatile multi-unit property currently available in the Orange County real estate market. Nestled on an approximately 7,200 sq. ft. lot immediately adjacent to the Cress Street Beach steps, and with parking for at least 6 vehicles, it is a rare and incredible value and shines as a possible family complex, multiple lucrative beach rentals, or both. Its 3 lovely single-level villas offer a total of 8 bedrooms, 5 full baths plus a half-bath. The compound rests a short walk or ride from restaurants and shopping in one of the area’s trendiest neighborhoods. Completely renovated and incorporating the finest materials and fixtures, each of the homes is worthy of the most discriminating guests or family members. Wide-plank wood and tasteful tile floors, recessed lighting, crown molding and tray ceilings, high-end stainless kitchen appliances, and luxurious bathrooms are only a few of the features contributing to the ambiance of casual sophistication. An expansive, multi-level central courtyard features 4 fire pits and seating, with views of the ocean and spectacular sunsets. The investment and use options of this one-of-a-kind compound make it a superb prospect for immediate as well as long-term financial and tax benefits while creating a versatile opportunity for fiscal and personal gratification. Rare Laguna Beach short term rental license.

Additional Information

Tract Number
5160
Lot Description
Curbs
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Water Purifier
Pool Description
None
Fireplace Description
Electric, Wood Burning, Fire Pit
Heat
Forced Air
View
Ocean, White Water
Exterior Construction
Stucco, Wood Siding
Roof
Composition, Shingle
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
3
Gross Scheduled Income
$340,600
Unit One Total Units
1
Unit One Beds
3
Unit One Baths
2
Unit One Garage Spaces
2.00
Unit One Furnished
Furnished
Unit Two Total Units
1
Unit Two Beds
3
Unit Two Baths
2
Unit Two Furnished
Furnished
Unit Three Total Units
1
Unit Three Beds
2
Unit Three Baths
1
Unit Three Garage Spaces
1.00
Unit Three Furnished
Furnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Seth Nelson from DOUGLAS ELLIMAN OF CALIFORNIA, INC.

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.