Motivated Seller! Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique 3 Bedroom 2.5 bath single level home, that also includes a duplex with amazing ocean views, only steps to the sand. 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 nearly $500,000 per year, or live in the primary single level home full time and continue to take advantage of the vacation rental permits and rent the duplex for $250,000-$300,000 a year! The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress Street, it 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 2 bedrooms with 1 bath respectively, they share a separate two-car garage, accessed from an entirely different street, ensuring privacy and tranquility for the primary villa. This is a once in a lifetime opportunity. Your dream of owning a piece of paradise on the world famous shores of Laguna Beach awaits.
|
DAYS ON MARKET
|
130
|
LAST UPDATED
|
5/28/2025
|
|
YEAR BUILT
|
1955
|
COMMUNITY
|
LV - Laguna Village
|
|
GARAGE SPACES
|
3.0
|
COUNTY
|
Orange
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
|
Prior to Mar 20, '25
|
$8,995,000
|
|
Mar 20, '25 - May 28, '25 |
$8,795,000
|
| May 28, '25 - Today |
$8,495,000 |
| AIR |
Ductless |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Washer/Dryer Stacked |
| AREA |
LV - Laguna Village |
| FIREPLACE |
Yes |
| GARAGE |
Attached Garage, Yes |
| INTERIOR |
Master Downstairs |
| LOT |
7240 sq ft |
| LOT DESCRIPTION |
Corner Lot |
| PARKING |
Attached |
| POOL DESCRIPTION |
None |
| STORIES |
1 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Ocean |
| WATER |
Public |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ben
Salem to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Derek Lee Larson
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/15/25 5:50 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts
Twitter
Facebook
Email