Laguna Beach, CA 92651,150 Cress Street
Laguna Beach, CA 92651,150 Cress Street
Laguna Beach, CA 92651,150 Cress Street
50
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$6,994,950
Est. payment /mo
8 Beds
5.5 Baths
3,300 SqFt
Active

150 Cress Street Laguna Beach, CA 92651

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

+1(925) 864-5757

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $2,119

MLS Listing ID CROC25233708

Bedrooms 8

Full Baths 5

Half Baths 1

HOA Y/N No

Year Built 1955

Lot Size 7,241 Sqft

Acres 0.1662

Property Sub-Type Single Family Residence

Property Description

PRICED TO SELL! This is an extraordinary opportunity to live steps to Cress Street Beach in world famous Laguna Beach, or a builders dream property, and build up to 6, 1500sf luxury ocean view condos, easily valued at $16,500,000 combined. Currently, there are 2 ocean view homes on 1 oversized lot. The first home is a 3 Bedroom 2.5 bath 1400sf, completely detached, single level, and the second home is an 1800sf Duplex with amazing ocean views. The 3 elegantly appointed, and fully furnished 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, with the option to occupy both homes, or rent the duplex. What's more impressive, all 3 Villas are permitted for vacation rentals. Currently operating as an investment property, earning in excess of $400,000 annually, or perfect for the buyer that wants to live in paradise, while effortlessly earning approximately $300,000 from the duplex. The short term lodging permits will never expire! The centerpiece of this extraordinary ensemble, is of course, the primary vill

Location

State CA

County Orange

Interior

Cooling Other

Fireplaces Type Family Room

Fireplace Yes

Laundry Other

Exterior

Garage Spaces 3.0

Pool None

Utilities Available Other Water/Sewer

View Y/N true

View Ocean

Total Parking Spaces 3

Private Pool false

Building

Lot Description Corner Lot

Story 1

Sewer Other

Water Other

Level or Stories One Story

New Construction No

Schools

School District Laguna Beach Unified

Others

Tax ID 64407406

Virtual Tour https://www.wellcomemat.com/mls/54fb2f6b51ab1mcgp


Bridge MLS
Listed by Derek Larson • California Dream Luxury Homes & Investments

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

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150 Cress Street