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Listed by Derek Larson • Derek Lee Larson
$7,495,000
Est. payment /mo
7,241 Sqft Lot
New
150 Cress ST Laguna Beach, CA 92651
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25149783
Year Built 1955
Lot Size 7,241 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
PERMITTED VACATION RENTAL TRIPLEX STEPS TO CRESS STREET BEACH WITH INCREDIBLE OCEAN VIEWS! Fantastic income opportunity from a truly rare, fully furnished, one-of-a-kind dream property. This is one of the most desirable 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! With a 12 year history on AirBNB and VRBO, this property effortlessly fills 60% occupancy each year and at minimum, earns in excess of $400,000 annually. The potential to see income soar to $500,000+ is certainly within reach, as vacation rental occupancy can routinely reach 75-80% in this highly sought, and world famous travel destination. Few properties can offer both the options for personal use and high level income, simultaneously. That is correct, this property can be enjoyed by the owner, friends, and family, anytime, year-round, while still earning a minimum of $400,000 every year! 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 pr
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Laundry Stacked Only
Exterior
Parking Features Garage, Other
Garage Spaces 6.0
Pool None
Building
Story One Story
Sewer Sewer Available
Water District - Public
Others
Tax ID 64407406
Special Listing Condition Not Applicable
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