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$8,995,000
Est. payment /mo
8 Beds
5.5 Baths
2,879 SqFt
UPDATED:
02/22/2025 01:58 AM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,879 sqft
Price per Sqft $3,124
MLS Listing ID CROC25017354
Bedrooms 8
Full Baths 5
Half Baths 1
Originating Board California Regional MLS
Year Built 1955
Lot Size 7,241 Sqft
Property Sub-Type Triplex
Property Description
Seller will entertain offers beginning at $8,995,000. Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique and elusive 3 Bedroom 2.5 bath single level home, with a vacation rental oceanfront duplex, at the doorstep of the pristine shores of Cress Street Beach. This highly coveted property features 2 homes on 1 over-sized lot, including 3 elegantly appointed ocean-view villas, 120, 130, & 150 Cress Street are set on an expansive and meticulously hardscaped lot. Perfectly suited for an exquisite owner-occupied residence, or for the most discerning real estate investor. This remarkable property allows the owner to enjoy one of the most coveted beach house locations in Southern California while boasting an impressive annual revenue of $250,000-$300,000 from the duplex alone. The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress Street, appropriately named "Laguna Vista" is 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 two villas, separated by only one common wall between them, feature 3 bedrooms and 2 baths, and
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Fireplaces Type Family Room
Laundry Stacked Only
Exterior
Garage Spaces 3.0
Pool None
View Ocean
Building
Story One Story
Sewer Sewer Available
Water District - Public
Others
Tax ID 64407406
Special Listing Condition Not Applicable
Virtual Tour https://150Cress.com/idx
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Listed by Derek Larson • Derek Lee Larson