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150 CRESS Street, Laguna Beach, CA 92651

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150 CRESS Street
Laguna Beach, CA 92651

For Sale: $7,498,000

Property Type: Triplex
MLS#: OC17118002

  • Building Size: 3415 SF
  • Lot Size: 7241 SF
  • Number of Units: 3
  • Number of Stories: 1
  • Year Built: 2007
  • Days on market: 509
  • Cap Rate: 3.20
  • Net Operating Income: $316,600
  • Gross Scheduled Income: $316,600
  • Rent Control: No
  • GRM: 22.10
  • Contact Listing Agent Direct:
  • Carl Wuestehube, Tri-Star Realty


Property Description

Lifetime opportunity!! This spectacular, trophy property offers three (3) world class beach villas with at least six (6) parking (very rare) nestled on a prime beachfront location in World Famous Laguna Beach. Appointed to the nines, this luxury property offers the very best in form, function and location. The three beach villas boast single level floorplans enhanced with the finest designer finishes. Spectacular outdoor spaces include 4 fire pits, multi-level conversation spaces, with incredible ocean-view verandas. Mere feet from beach access, & within walking distance of many fine restaurants & shops. Mixes of three villas are 2 bed r & 1 bath; 3 bed & 2 baths: & 3 bed rooms & 2.5 baths. Each villa has the appointments rivaling better than the most prestigious hotels in town. Excellent use as a beach house for family and friends; as a second home when needed and rent the villas as vacation rentals and/or rent them as needed to supplement the income to offset property and other taxes. Villas offer a viable 1031 exchange for your investment dollars and enhances your great investment opportunity in one of the best & classy beach City in the United States. Currently the villas are utilized as high end vacation rentals with excellent income stream.


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150 CRESS Street, Laguna Beach, CA 92651

Based on information from California Regional Multiple Listing Service, Inc. as of June 13, 2017. 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.

Listing provided by: Carl Wuestehube, Tri-Star Realty

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