• Price$7,800,000
  • Beds8
  • Baths5
  • SQ. Feet2,605
  • Built1955

150 Cress Street, Laguna Beach

Cress Street Villas is a 3-unit multifamily investment property located in Laguna Beach, one of the premier coastal housing markets nationwide. Cress Street Villas is currently being operated as short-term rentals with an active transferable AUP (administrative use permit). Built in 1920 and 1955, Cress Street Villas offers investors the opportunity to capitalize on strong market trends, capture a prosperous tenant base, and exceptional renovations that should increase rental income by approximately 10 percent. Situated on a 0.16-acre lot, the 2,605 square foot property consists of two-bedroom and three-bedroom villas offering ocean views. Cress Street Villas offers an attractive range of amenities including spacious patios with outdoor seating, BBQ area, and ocean views, gated access, in-unit laundry; and garage parking and open parking. Cress Street Villas is just steps from Laguna Beach.

Essential Information

  • MLS® #OC18194507
  • Price$7,800,000
  • Bedrooms8
  • Bathrooms5.00
  • Square Footage2,605
  • Acres0.00
  • Year Built1955
  • TypeResidential Income
  • StatusActive

Amenities

  • Parking Spaces6
  • # of Garages1

Exterior

  • Lot DescriptionBluff Front

Listing Details

  • Listing AgentTyler Leeson(01451551)
  • Listing OfficeMarcus & Millichap Re Invest

Community Information

  • Address150 Cress Street
  • AreaLaguna Village (LV)
  • SubdivisionSouth Laguna Bluffs (SLB)
  • CityLaguna Beach
  • CountyOrange
  • StateCA
  • Zip Code92651

Interior

  • # of Stories1
  • StoriesOne Level

Additional Information

  • Date ListedAugust 10th, 2018
  • Days on Market66
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Based on information from California Regional Multiple Listing Service, Inc. as of October 16th, 2018 at 8:16pm PDT. 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.