150 CRESS Street, Laguna Beach, CA 92651

$6,800,000
3,415
SqFt
List Price
$6,800,000
Status
ACTIVE
MLS#
OC19090148
Year Built
2007
Living Sq. Ft
3,415
Lot Size
7,241
Acres
0.1662
Lot Location
Bluff, Corner Lot, Cul-De-Sac
Days on Market
36
Property Type
Multifamily
Style
Contemporary
Property Sub Type
Triplex
Stories
One Level
Neighborhood
Main Beach (Bch)

Property 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 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.

Additional Information

Tract Number
5160
Lot Description
Curbs
Appliances
Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Water Line to Refrigerator, Water Purifier, Water Softener
Pool Description
None
Fireplace Description
Living Room, Electric, Fire Pit
Heat
Central, Zoned, Forced Air, Heat Pump
Cooling
Yes
Cooling Description
Central Air, Zoned, Heat Pump, SEER Rated 16+
View
Catalina, Coastline, Harbor, Hills, Ocean, Panoramic, White Water
Roof
Composition, Shingle
Garage Spaces Total
3
Sewer
Sewer Paid
Water
Public
Attached Structure
Attached
Total Number of Units
3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Carl Wuestehube from Tri-Star Realty

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.