150 Cress Street, Laguna Beach, CA 92651

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$8,495,000

Est. payment - /mo

8 Beds

6 Baths

7,241 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25017251

Bedrooms 8

HOA Y/N No

Lot Size 7,241 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

FULLY FURNISHED, PERMITTED VACATION RENTAL TRIPLEX WITH OCEAN VIEWS ONLY STEPS TO CRESS STREET BEACH! Motivated seller has already purchased his next investment! This is one of the most desirable properties, and locations, in all of Laguna Beach! Presenting the Villas of Laguna Vista. Ideal configuration across 2 individual buildings, on a fully hardscaped 7500sf sf lot! Super Host Accounts with AirBNB and VRBO included. The minimum occupancy can routinely reach 75-80% in this location, which ca!n earn in excess of $500,000 annually! Currently, the seller has also enjoyed using the property, therefore occupancy has been closer to 60%, with more than $400,000 in annual income. Includes a single family residence style villa, and completely separate duplex style villas, right at the doorstep of Cress Street Beach. The centerpiece of this extraordinary ensemble is the primary villa, 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 additional 2 villas, separated by only one common wall featuring 3 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, share a 2-car garage, accessible from Oceanfront street, ensuring privacy and tranquility to the primary villa. Each villa is fully furnished, exuding luxury and comfort, providing guests with an idyllic beach vacation experience year-round. All 3 villas can be found on AirBNB at airbnb.com/h/cresspoint airbnb.com/h/lagunapoint
FULLY FURNISHED, PERMITTED VACATION RENTAL TRIPLEX WITH OCEAN VIEWS ONLY STEPS TO CRESS STREET BEACH! Motivated seller has already purchased his next investment! This is one of the most desirable properties, and locations, in all of Laguna Beach! Presenting the Villas of Laguna Vista. Ideal configuration across 2 individual buildings, on a fully hardscaped 7500sf sf lot! Super Host Accounts with AirBNB and VRBO included. The minimum occupancy can routinely reach 75-80% in this location, which ca!n earn in excess of $500,000 annually! Currently, the seller has also enjoyed using the property, therefore occupancy has been closer to 60%, with more than $400,000 in annual income. Includes a single family residence style villa, and completely separate duplex style villas, right at the doorstep of Cress Street Beach. The centerpiece of this extraordinary ensemble is the primary villa, 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 additional 2 villas, separated by only one common wall featuring 3 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, share a 2-car garage, accessible from Oceanfront street, ensuring privacy and tranquility to the primary villa. Each villa is fully furnished, exuding luxury and comfort, providing guests with an idyllic beach vacation experience year-round. All 3 villas can be found on AirBNB at airbnb.com/h/cresspoint airbnb.com/h/lagunapoint

Location

State CA

County Orange

Area Oc - Laguna Beach (92651)

Zoning Assessor

Building

Lot Description Corner Lot

Story 1

Lot Size Range 4000-7499 SF

Sewer Sewer Connected

Level or Stories 1 Story

Others

Monthly Total Fees $243

Acceptable Financing Cash, Conventional

Space Rent $15,000

Listing Terms Cash, Conventional

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Listed by Derek Larson • Derek Lee Larson

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

150 Cress Street Laguna Beach, CA 92651

Sheila Dadashzadeh

Key Details

Location

Building

Others

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