150 Cress Street, Laguna Beach, CA 92651 (MLS # OC25149783)

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PRICE $8,249,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 3,300 sqft
LOT SIZE 7,240 sqft

PERMITTED VACATION RENTAL TRIPLEX STEPS TO CRESS STREET BEACH WITH INCREDIBLE OCEAN VIEWS, OR AMAZING DEVELOPMENT OPPORTUNITY! MOTIVATED SELLER! Endless options await, a builders dream property, that will allow development of up to 6, 1500sf luxury ocean view condos, valued at $16,500,000, or enjoy the current vacation rental income. Each future condo would easily be valued at $2,500,000 - $3,500,000, and for the savviest investors, even greater returns can be found by offering owner financing. Currently, this is a fully furnished, one-of-a-kind investment property located at 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 parking for up to 6 cars. 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 options for development, 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 private 1-car garage and a gated driveway accommodating up to 3 vehicles. The additional 2 villas are a 3 bedroom and 2 bath, and a 2 bedroom with 1 bath, they share a 2-car garage, accessible from Oceanfront street, ensuring privacy and tranquility to the primary villa. Each villa is fully furnished, exuding luxury and comfort, providing guests with an idyllic beach vacation experience year-round. VRBO and AirBNB Super Host accounts are included with the sale, and each of the 3 short term lodging permits will transfer to the new owner. The permits for this property, do not expire! There are few better investment opportunities anywhere in Southern California.

DAYS ON MARKET 79 LAST UPDATED 8/25/2025
TRACT The Village (VIL) YEAR BUILT 1955
COMMUNITY LV - Laguna Village GARAGE SPACES 3.0
COUNTY Orange STATUS Active
PROPERTY TYPE(S) Residential Income

PRICE HISTORY
Prior to Jul 26, '25 $7,495,000
Jul 26, '25 - Aug 25, '25 $9,495,000
Aug 25, '25 - Today $8,249,000


ADDITIONAL DETAILS
APPLIANCES Washer/Dryer Stacked
AREA LV - Laguna Village
GARAGE Yes
LOT 7240 sq ft
LOT DESCRIPTION Corner Lot
PARKING Driveway, Garage
POOL DESCRIPTION None
STORIES 1
SUBDIVISION The Village (VIL)
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Beach Access, Beach Front, Ocean Access
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with California Dream Luxury Homes & Investments

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Based on information from California Regional Multiple Listing Service, Inc. as of 9/19/25 8:58 PM 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

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