Water Views - Seller Financing
Address
150 Cress Street Laguna Beach, CA
Price
$ 6,495,000
Property Attributes
  • MLS#OC21098483
  • TypeIncome
  • CountyORANGE
  • CityLaguna Beach
  • AreaLaguna Village
  • NeighborhoodMain Beach
  • Zip92651
  • StyleContemporary
  • Price$ 6,495,000
  • Bedrooms8
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3215
  • Lot Size7,241 SqFt
Listing Provided Courtesy Of:
Carl Wuestehube with Tri-Star Realty.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Best Beach Location!! One Of The Best Value In Southern California!! Best Income Property On The Beach!! See To Believe It!! 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 & 1 bath; 3 bed & 2 baths: & 3 bed rooms & 2.5 baths. Or the entire family complex offers a total of 8 bed rooms and 5.5 bath rooms. 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. Take a tour and appreciate what this spectacular beachfront property offers.

Price History
5/8/2021 Listed $6,495,000

General Features

Appliances Dishwasher, Disposal, Microwave, Refrigerator, Water Purifier, Dryer, Washer
Architectural Style Contemporary
Community Features Curbs
Construction Materials Stucco, Wood Siding
Exterior Features Fire Pit
Flooring Stone, Wood
Garage Spaces 3
Garage Y/N Yes
Heating Forced Air
Interior Features Crown Molding, Coffered Ceiling(s), Granite Counters, Open Floorplan, Recessed Lighting
Levels One
Listing Agent Carl Wuestehube - BRE#00634943
Listing Agent State License 00634943
MLS Area LV - Laguna Village
Open Parking Spaces 3
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Roof Composition, Shingle
Sewer Sewer Tap Paid
Special Listing Conditions Standard
Status Active
Stories 1
Subdivision Name Main Beach (BCH)
Terms Cash, Cash to New Loan, Owner May Carry, Submit
Total Units 3
Utilities Sewer Connected
View Ocean
Water Sewer Expense 2850
Waterfront Features Ocean Side Of Freeway

Interior Features

Common Walls 1 Common Wall
Fireplace Features Electric, Wood Burning
Fireplace Y/N Yes
Heating Y/N Yes
Window Features Double Pane Windows

Exterior Features

Door Features Mirrored Closet Door(s)
Lot Dimensions 73x100
Lot Features Bluff
Lot Size Acres 0.17
Lot Size Area 7241
Lot Size Source Public Records
Lot Size Square Feet 7241
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 3
Number of Separate Gas Meters 1
Number of Separate Water Meters 2
Parking Features Door-Multi, Door-Single, Garage Faces Front, Garage
Total Parking 6
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92651

Price
AVG $5.15M
$6.5M
Visits
AVG 219
60
Year Built
AVG 1954
2007
Walkscore
AVG 74
85
Data Provided by Walkscore ® not using MLS data