150 Cress Street

Laguna Beach, CA 92651 View Map $6,495,000 Schedule a Tour
Sq.Ft. Lot7,241
Year2007
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Christian Walsh

Christian Walsh

(949) 635-4466
 
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:LG20242549
On Site:129 Days
Lot Size:7,241 Sq. Ft.
County:Orange
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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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:150 Cress Street Laguna Beach, CA 92651
County:Orange
Subdivision:Main Beach (Bch)
Zip Code:92651

Architecture

Year Built:2007
Stories:One
Style:Contemporary
Construction: Stucco, Wood Siding
Total Units: 3
Unit 1: 1 Unit•3 Beds•2 Baths•2 Garages•Furnished
Unit 2: 1 Unit•3 Beds•2 Baths•Furnished
Unit 3: 1 Unit•2 Beds•1 Bath•1 Garage•Furnished
Roofing: Composition, Shingle
Parking: Garage Faces Front, Garage - Single Door, Garage - Two Door
Garage Spaces: 3

Features / Amenities

Floor Material: Stone, Wood
Interior: Coffered Ceiling(s), Crown Molding, Granite Counters, Open Floorplan, Recessed Lighting
Windows: Double Pane Windows
Laundry: Dryer Included, Washer Included
Common Walls: 1 Common Wall
Parking Total: 6
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Water Purifier
Fireplace(s): Electric, Wood Burning, Fire Pit
Heating Type: Forced Air

Property Features

Lot Size: 0.17 Acres / 7,241 Sq. Ft.
Lot Dimensions:72x100
Lot Features: Bluff
Waterfront Features: Ocean Side of Freeway
View: Ocean, White Water
Lot Number: 14
Sewer: Public Sewer
Water: Public
Directions:PCH and Cress Cross Streets: PCH / Cress

Tax and Financial Info

Land Lease: No
Electric Expense: 3650.00
Gardener Expense: 1200.00
Insurance Expense: 3000.00
Licenses Expense: 250.00
Maintenance Expense: 3100.00
Pest Expense: 300.00
Water / Sewer Expense: 1850.00
Total Expenses: 24000.00
Gross Operating Income: 316600.00

Schools

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150 Cress Street Laguna Beach, CA 92651
GO SEE THIS LISTING
150 Cress Street Laguna Beach, CA 92651
 
ASAP
Thu
22
Apr
Fri
23
Apr
Sat
24
Apr
Sun
25
Apr
Mon
26
Apr
Tue
27
Apr
Wed
28
Apr
Choose Your Date -- It's Free, Cancel Anytime
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Listing provided courtesy of Seth Nelson, Douglas Elliman Of California, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of April 21, 2021. 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. IDX provided by Sierra Interactive.