150 Cress Street, Laguna Beach, CA 92651 - Berkshire Hathaway HomeServices California Properties
150 Cress Street Laguna Beach, CA 92651
$8,495,000 8 beds, 6 baths
3, 300 sqft

Agent Remarks

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.

Listing Details

Property type: Triplex (Single Family)
Status: Active
MLS# OC25017354
List price is $8,495,000 Reduced by $300,000 on 5/28/2025
HOA Fee is $0.00
Beds: 8
Baths: 6 (5 full) (1 half)
Family Room fireplaces
Built in 1955
3,300 sqft
1 story
0.17 acres
Lot size: 0.1662
County: Orange
Interior features: Bedroom on Main Level,Main Level Primary
Lot description: Corner Lot
Heating/cooling: Ductless
MLS area: LV - Laguna Village

Last Updated: 6/3/2025

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This listing belongs to the LV - Laguna Village MLS area

Lat/Long: 33.532195, -117.776359.
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Listing Agent: Derek Larson
Lic#: 01234982
Office Name: Mission Viejo

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