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    150 Cress Street

    Laguna Beach, CA 92651
    • $6,495,000
    • STATUS: Active
    • ON SITE: 151 days
    • ID#: LG20242549
    UPDATED: 165 min ago
    $6,495,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,415
      SQFT
    • $1,902
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2007
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-20T09:27:17.377. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/112030237
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    150 Cress Street Laguna Beach, CA 92651

    • Price: $6,495,000
    • Status: Active
    • Updated: 165 min ago
    • ID#: LG20242549
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,415
    SQFT
    $1,902
    $/SQFT
    2007
    Built
    Neighborhood:
    Main Beach (Bch)
    County:
    Orange
    Area:
    LV - Laguna Village
    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.
    Exterior Features

    Architectural Style Contemporary Construction Materials StuccoWood Siding Lot Features Bluff Number Of Separate Electric Meters 1 Open Parking Spaces 3 Parking Features Door-MultiDoor-SingleGarage Faces FrontGarage Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes Roof CompositionShingle View Ocean View YN Yes Waterfront Features Ocean Side Of Freeway

    Interior Features

    Appliances DishwasherDisposalMicrowaveRefrigeratorWater PurifierDryerWasher Common Walls 1 Common Wall Door Features Mirrored Closet Door(S) Fireplace Features ElectricFire PitWood Burning Fireplace YN Yes Flooring StoneWood Heating Forced Air Heating YN Yes Interior Features Crown MoldingCoffered Ceiling(S)Granite CountersOpen FloorplanRecessed Lighting Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Cable Tv Expense 2850 Cap Rate 3.2 Common Interest None Community Features Curbs Electric Expense 3650 Exclusions Furnishings Fuel Expense 1040 Garage YN Yes Gross Income 0 Gross Scheduled Income 340600 Insurance Expense 3000 Land Lease YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanSubmit Maintenance Expense 3100 Net Operating Income 316600 New Construction YN No New Taxes Expense 78000 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 0 Other Expense 0 Pest Control Expense 300 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 2800 Trash Expense 0 Utilities Sewer Connected Water Sewer Expense 1850 Water Source Public

    Listing provided courtesy of Seth Nelson of Douglas Elliman Of California, Inc. and Ariana Gaffoglio of Douglas Elliman Of California,


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-20T09:27:17.377. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691