150 Cress Street Laguna Beach, 92651

Bedrooms:
8
Bathrooms:
6
Square Feet:
3,415 sqft
Price $6,495,000 .00
Approx /month
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Sale Price:
$6,495,000
Loan Type:
Conventional - 5% down
FHA - 3.5% down
VA - 0% down
Additional $ Down:
Total Down Payment:
Loan Term: (years)
Interest Rate: (%)
Property Tax: (year)
$0
Insurance: (year)
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Virtual Tour of 150 Cress Street , Laguna Beach 92651

Property Description

This gated Laguna Beach residential compound, “Laguna Vista,” is perhaps the most attractive and versatile multi-unit property currently available in the Orange County real estate market. Nestled on an approximately 7,200 sq. ft. lot immediately adjacent to the Cress Street Beach steps, and with parking for at least 6 vehicles, it is a rare and incredible value and shines as a possible family complex, multiple lucrative beach rentals, or both. Its 3 lovely single-level villas offer a total of 8 bedrooms, 5 full baths plus a half-bath. The compound rests a short walk or ride from restaurants and shopping in one of the area’s trendiest neighborhoods, the Hip District. Completely renovated and incorporating the finest materials and fixtures, each of the homes is worthy of the most discriminating guests or family members. Wide-plank wood and tasteful tile floors, recessed lighting, crown molding and tray ceilings, high-end stainless kitchen appliances, and luxurious bathrooms are only a few of the features contributing to the ambiance of casual sophistication. An expansive, multi-level central courtyard features 4 fire pits and seating, with views of the ocean and spectacular sunsets. The investment and use options of this one-of-a-kind compound make it a superb prospect for immediate as well as long-term financial and tax benefits while creating a versatile opportunity for fiscal & personal gratification. The rare Laguna Beach short term rental license conveys with the property

General Information

Price:
$6,495,000
Status:
Active
Listing Updated:
11/18/2020
List Date:
11/18/2020
Close Date
0000-00-00 00:00:00
Square Feet:
3,415
Bedrooms:
8
Bathrooms:
6
Garage Spaces:
3
Year Built:
2007
City:
Laguna Beach
Zip:
92651
County:
Orange
MLS ID:
LG20242010
Listing Broker:
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Listing Agent:
Seth Nelson
CalBRE#:
01922241

Home Features

Interior Features:
Granite Counters, Open Floorplan
Exterior Features:
Kitchen Features:
Kitchen Island,Remodeled Kitchen
Eating Area:
Area
Bath Features:
Appliances:
{Appliances}
Flooring:
Stone
Laundry:
Inside
Architectural Style:
Bungalow,Cottage
Levels:
One
Fireplace Features:
Living Room, Outside, Patio, Gas, Fire Pit
Cooling:
Central Air
Heating:
Central
Utilities:
Sewer Connected
Pool Type Features:
None
Spa Features:
None
Construction Materials:
Wood Siding
Roofing:
Composition
Water Source:
Public
Sewage:
Public Sewer
Rooms Included:
Family Room,Kitchen,Living Room,Main Floor Bedroom
Accessibility Features:
None

Community Information

MLS Area:
LV - Laguna Village

Lot Information

Lot Size (sq feet):
7,241

Location Information

Directions:
Cross Streets: Oceanfront