150 Cress Street

Laguna Beach, CA 92651

  • 8 Bed(s)
  • 5.5 Bath(s)
  • 3,300 Sqft
  • 7241
    Sqft(Lot)
$7,495,000

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 private 1-car garage and a gated driveway accommodating up to 3 vehicles. the additional 2 villas, which are completely separate from the primary villa, share only one common wall between each other. featuring a 3 bedroom and 2 bath, and a 2 bedroom with 1 bath villa, and 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. all 3 villas can be found on airbnb and vrbo. these 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.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    50364692

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Sewer Tap Paid

  • Building Information

    • Year Built: 1955
    • Building Area Total: 3,300

    Pool Features

    • None

    Laundry Features

    • Stacked

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1662
    • Lot Size Source: Estimated
    • Lot Size Square Feet: 7241

  • Listing Price Information

    • Original List Price: 7,495,000
    • Listing Contract Date: 2025-07-03

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 64407406

  • Garage and Parking

    • Garage Description: Driveway,Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: LV - Laguna Village
    • Postal Code Plus 4: 3120
    • Directions: From South Coast Highway, turn toward ocean, last property on right by Cress Street Beach staircase
    • Source Property Type: Residential Income
    • Area: LV - Laguna Village
    • Property SubType: Triplex

    Building and Construction

    • Property Age: 70
    • Common Walls: No Common Walls
    • Structure Type: Triplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 07/15/2025 @ 16:46

  • MLS: OC25149783
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 3,300 sqft, 7,241 sized lot, and 3 parking. are nearby neighborhoods.