150 Cress St, Laguna Beach, CA 92651
Image 2 for 150 Cress St, Laguna Beach, CA 92651
Image 3 for 150 Cress St, Laguna Beach, CA 92651
View Photos

150 Cress St Laguna Beach, CA 92651

$8,250,000 Sold Price as of 06/19/2023
  • 8 Beds
  • 5.5 Baths
  • 2,879 Sq.Ft.
Sold
$8,250,000 Sold Price as of 06/19/2023 Refinance Your Mortgage

Map preview of 150 Cress St, Laguna Beach, CA 92651

Property Overview: 150 Cress St Laguna Beach, CA has 8 bedrooms, 5.5 bathrooms, 2,879 living square feet and 7,241 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Incredible Value & Opportunity!! Extraordinary Laguna Beach Location!! This one of a kind property offers three spectacular beach villas (a duplex & a single family residence). The villas generated gross income well over $425K in 2022. These spectacular villas have the potential to generate income between $500K to $600K per year. Villas offer one of the highest CAP rates of over 4% & potential to exceed CAP rate of 5%. This gated World Class Laguna Beach residential family complex consists of 3 beautiful beach villas. Perhaps the most attractive and versatile multi-villas property currently available in the coastal areas of Orange County. 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. The property offers 3 lovely single-level villas with a total of 8 bedrooms, and 5.5 baths. Mixes of three villas: 2 bedrooms & 1 bath; 3 bedrooms & 2 baths; & 3 bedrooms & 2.5 baths (SFR). The family compound rests a short walk or ride from restaurants and shops in one of the area’s trendiest neighborhoods, the Hip district. Completely renovated and incorporating the finest materials & fixtures, each of the beach villas is worthy of the most discriminating guests or family members. Wide-plank wood & tasteful natural stone floors & shower walls, recessed lighting, crown molding & tray ceilings, stainless steel kitchen appliances, & luxurious bathrooms are only a few of the features contributing to the ambiance of casual sophistication. An expansive, multi-level courtyard features 4 fire pits & seating, with views of the ocean and spectacular sunsets. The investment & use options of this one-of-a-kind complex make it a superb prospect for immediate as well as long-term financial and tax benefits. Villas offer a viable 1031 exchange & enhance your great investment opportunity. Excellent use as a beach house for family & friends; as a second home & rent the villas as vacation or long term rentals as needed to supplement the income to offset property expenses. Very rare Laguna Beach short term rental license conveys with the property. Potential to add a second story to capture mesmerizing Panoramic Ocean/Coastal line views, Catalina Island, beautiful hills, & to increase the value significantly.

Listed by Carl Wuestehube | BRE #00634943 | Tri-Star Realty
Co-listed by Chas Patterson | BRE #01935216 | The Firm Real Estate Services Inc.
Last checked: 3 minutes ago | Last updated: January 1st, 2024 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
7,241
HOA Dues
$0/mo
Year built
2007
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
OC23063295
City
Laguna Beach
County
Orange
Time on Site
471 days

Virtual Tour

Use the following link to view this property's virtual tour:


Property Details for 150 Cress St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Living Room, Gas
Room Information
  • Downstairs Bedrooms: 3
  • Downstairs Bathrooms: 3
  • Eating Area: Breakfast Counter / Bar, In Kitchen
  • Flooring: Stone
  • All Bedrooms Down, Living Room
Kitchen Information
  • Has Appliances
  • Barbecue, Built-In Range, Convection Oven, Dishwasher, Freezer, Gas Oven, Gas Cooktop, Ice Maker, Microwave, Recirculated Exhaust Fan, Refrigerator
  • Granite Counters, Kitchen Island, Kitchen Open to Family Room, Kitchenette, Pots & Pan Drawers, Remodeled Kitchen
Bathroom Information
  • # of Baths (Full): 5
  • # of Baths (1/2): 1
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Ceiling Fan(s), Furnished, Granite Counters, Recessed Lighting
  • Levels: One
  • Window Features: Custom Covering
  • Security Features: Smoke Detector(s)
  • Door Features: French Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Concrete, Patio Open, Slab
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Parking Space, See Remarks
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Has View
  • View: Coastline, Ocean, Panoramic, Water, White Water
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 64407406
  • Year Built Source: See Remarks
  • Architectural Style: Cottage
  • Entry Level: 1
  • Property is not Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Laguna Beach Unified
Location / Neighborhood
Location Information
  • Subdivision Name: The Village (VIL)
  • Directions: Cross Streets: Cress St/ Gaviota Dr
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Laguna Beach Agent

Loading...

Sale History for 150 Cress St

Last sold for $8,250,000 on June 19th, 2023
  • June, 2023

  • Jun 19, 2023

    Date

    Sold

    CRMLS: OC23063295

    $8,250,000

    Price

  • Apr 15, 2023

    Date

    Active

    CRMLS: OC23063295

    $8,498,000

    Price

  • January, 2023

  • Jan 2, 2023

    Date

    Canceled

    CRMLS: OC22009226

    $13,995

    Price

  • Jan 16, 2022

    Date

    Active

    CRMLS: OC22009226

    $13,995

    Price

  • Listing provided courtesy of CRMLS

    Classic cottage Laguna Vista was completely renovated and offers three bedrooms and 2.5 bathrooms in an elegant setting designed to take advantage of its desirable beach close location. Gorgeous flooring made of uniquely sculptured French limestone, and modern furnishings set the tone for comfortable relaxation with a spacious gourmet kitchen that includes high-end, stainless-steel appliances, custom cabinetry, & a granite-topped island with eating area. Elegantly appointed bedrooms, each highlighted by wide plank French flooring, and include sumptuous 2 Queen beds & a Queen leather sleeper. Spa-like bathrooms offer large bathtub-showers with imported tile work. High-tech touches include computer & internet access, flat screen TVs, DVD & Custom heating, and cooling. Weekly Rental Rates: Summer June 15th through August 15th -- $6,500 per week; Holidays $6,500 per week; Rest of the year $4,500 per week. Above listed $13,995 per month rental is for off season only (October thru February).

  • November, 2022

  • Nov 18, 2022

    Date

    Canceled

    CRMLS: OC22167018

    $7,995,000

    Price

  • Jul 29, 2022

    Date

    Active

    CRMLS: OC22167018

    $7,995,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible Value!! Extraordinary Beach Location!! This one of a kind property offers three spectacular beach villas. These villas will generate gross income well over $450K in 2022 as vacation rentals, and these villas generated income well over $410 K in 2021. The Villas offer one of the highest CAP rate of 4% along the beach areas of Orange County. This gated World Class Laguna Beach residential family complex consists of 3 beautiful beach villas. Perhaps the most attractive and versatile multi-villas property currently available in the coastal areas of Orange County. 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 spectacular family complex, multiple lucrative beach villa rentals, and/or both. It offers 3 lovely single-level villas with a total of 8 bedrooms, 5 full baths and a half-bath. Mixes of three villas are : 2 bedrooms & 1 bath; 3 bedrooms & 2 baths; & 3 bedrooms & 2.5 baths. The family compound rests a short walk or ride from restaurants and shops in one of the area’s trendiest neighborhoods, the Hip district. Completely renovated and incorporating the finest materials & fixtures, each of the beach villas is worthy of the most discriminating guests or family members. Wide-plank wood & tasteful natural stone floors & shower walls, recessed lighting, crown molding & tray ceilings, stainless steel kitchen appliances, & luxurious bathrooms are only a few of the features contributing to the ambiance of casual sophistication. An expansive, multi-level courtyard features 4 fire pits & seating, with views of the ocean and spectacular sunsets. The investment & use options of this one-of-a-kind complex make it a superb prospect for immediate as well as long-term financial and tax benefits. Villas offer a viable 1031 exchange & enhances your great investment opportunity in one of the best & highly regarded beach City in the United States. Excellent use as a beach house for family & friends; as a second home as needed; & rent the villas as vacation or long term rentals as needed and/or to supplement the income to offset property mortgage, insurance, and taxes. The rare Laguna Beach short term rental license conveys with the property. Potential to add a second story to capture mesmerizing Panoramic ocean/Coastal line views, Catalina Island, beautiful hills, & enhances value significantly.

  • November, 2022

  • Nov 18, 2022

    Date

    Canceled

    CRMLS: OC22166113

    $7,995,000

    Price

  • Jul 28, 2022

    Date

    Active

    CRMLS: OC22166113

    $7,995,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible Value! Spectacular Beach Location! Best Potential! This gated World Class Laguna Beach residential family compound consists of 3 beautiful beach villas: Laguna Vista, Cress Point and Laguna Point. Perhaps the most attractive and versatile multi-villa property currently available in the coastal area of Orange County. 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 property with versatile options such as a family complex, multiple lucrative income producing beach villas, or both. It offers 3 lovely single-level villas which include a total of 8 bedrooms, 5 full baths plus a half-bath. Mixes of three villas include 2 bedrooms & 1 bath; 3 bedrooms & 2 baths; & 3 bedrooms & 2.5 baths. 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 beach villas is worthy of the most discriminating guests or family members. Wide-plank wood and tasteful natural stone tile floors and shower walls, recessed lighting, crown molding and tray ceilings, stainless steel 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 complex make it a superb prospect for immediate as well as long-term financial and tax benefits while creating a versatile opportunity for fiscal and personal gratification. These villas generated income well over $400K in 2021, and we believe income can exceed over $450K in 2022. Villas offer a viable 1031 exchange for your investment dollars & enhances your great investment opportunity in one of the best & highly regarded beach City in the United States. Excellent use as a beach house for family & friends; as a second home when needed; & rent the villas as vacation rentals as needed and/or rent them as needed to supplement the income to offset property mortgage and taxes. The rare Laguna Beach short term rental license conveys with the property. Further, potential to add second story to capture mesmerizing view of Laguna Beach Coastal line, Catalina Island, beautiful hills of Laguna beach and surrounding areas.

  • July, 2022

  • Jul 18, 2022

    Date

    Canceled

    CRMLS: OC22033327

    $7,995,000

    Price

  • Feb 19, 2022

    Date

    Active

    CRMLS: OC22033327

    $7,995,000

    Price

  • Listing provided courtesy of CRMLS

    Best Value !! Best Beach Location !! Best Potential !! This gated World Class Laguna Beach residential family compound consists of 3 beautiful beach villas. Perhaps the most attractive and versatile multi-villa property currently available in the coastal area of Orange County. 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 family complex, multiple lucrative beach villa rentals, or both. It has 3 lovely single-level villas offer a total of 8 bedrooms, 5 full baths plus a half-bath. Mixes of three villas are 2 bedrooms & 1 bath; 3 bedrooms & 2 baths; & 3 bedrooms & 2.5 baths. 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 beach villas is worthy of the most discriminating guests or family members. Wide-plank wood and tasteful natural stone tile floors and shower walls, recessed lighting, crown molding and tray ceilings, stainless steel 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 complex make it a superb prospect for immediate as well as long-term financial and tax benefits while creating a versatile opportunity for fiscal and personal gratification. The three spectacular beach villas generated income well over $410K in 2021 as vacation rentals, and we believe it can exceed $450K in income for 2022. If used as long term rentals, we believe yearly gross income would exceed $360,000.Villas offer a viable 1031 exchange for your investment dollars. Excellent use as a beach house for family & friends; as a second home when needed; & rent the villas as vacation rentals as needed and/or rent them as needed to supplement the income to offset property mortgage and taxes. The rare Laguna Beach short term rental license conveys with the property. Potential to add second story to capture mesmerizing view of the Coastal line, Catalina Island, beautiful hills of Laguna beach and enhance value significantly.

  • July, 2022

  • Jul 18, 2022

    Date

    Canceled

    CRMLS: OC22033324

    $7,995,000

    Price

  • Feb 19, 2022

    Date

    Active

    CRMLS: OC22033324

    $7,995,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible Value!! Extraordinary Beach Location!! The three spectacular beach villas will generate gross income well over $450K in 2022 as vacation rentals, and these villas generated income well over $410 K in 2021. If used as long term rentals, we believe yearly gross income would exceed $360,000. The Villas offer one of the highest CAP rate of 4% along the Orange County Coastline. This gated World Class Laguna Beach residential family complex consists of 3 beautiful beach villas. Perhaps the most attractive and versatile multi-villas property currently available in the coastal area of Orange County. 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 family complex, multiple lucrative beach villa rentals, or both. It has 3 lovely single-level villas offer a total of 8 bedrooms, 5 full baths plus a half-bath. Mixes of three villas are 2 bedrooms & 1 bath; 3 bedrooms & 2 baths; & 3 bedrooms & 2.5 baths. 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 & fixtures, each of the beach villas is worthy of the most discriminating guests or family members. Wide-plank wood & tasteful natural stone floors & shower walls, recessed lighting, crown molding & tray ceilings, stainless steel kitchen appliances, & luxurious bathrooms are only a few of the features contributing to the ambiance of casual sophistication. An expansive, multi-level courtyard features 4 fire pits & seating, with views of the ocean and spectacular sunsets. The investment & use options of this one-of-a-kind complex make it a superb prospect for immediate as well as long-term financial and tax benefits. Villas offer a viable 1031 exchange & enhances your great investment opportunity in one of the best & highly regarded beach City in the United States. Excellent use as a beach house for family & friends; as a second home when needed; & rent the villas as vacation rentals or long term rentals as needed and/or rent them as needed to supplement the income to offset property mortgage and taxes. The rare Laguna Beach short term rental license conveys with the property. Potential to add a second story to capture mesmerizing view of the Coastal line, Catalina Island, beautiful hills, & enhances value significantly.

  • November, 2021

  • Nov 15, 2021

    Date

    Canceled

    CRMLS: OC21098483

    $6,795,000

    Price

  • Aug 18, 2021

    Date

    Pending

    CRMLS: OC21098483

    $6,795,000

    Price

  • Aug 11, 2021

    Date

    Price Change

    CRMLS: OC21098483

    $6,795,000

    Price

  • May 8, 2021

    Date

    Active

    CRMLS: OC21098483

    $6,495,000

    Price

  • Listing provided courtesy of CRMLS

    Best Beach Location!! One of the Best Value along the coast of Southern California!! Best income producing 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 maintenance and 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.

  • May, 2021

  • May 1, 2021

    Date

    Expired

    CRMLS: LG20242010

    $6,495,000

    Price

  • Nov 18, 2020

    Date

    Active

    CRMLS: LG20242010

    $6,495,000

    Price

  • Listing provided courtesy of CRMLS

    This gated Laguna Beach residential compound, “Laguna Vista,” is perhaps the most attractive and versatile "Three Beach Villas" currently available in the Orange County real estate market. This property offers 3 Spectacular beach villas with great income over $300K. Potential to expand and create additional income and increase in Value. 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 rare Laguna Beach short term rental license conveys with the property.

  • May, 2021

  • May 1, 2021

    Date

    Expired

    CRMLS: LG20242549

    $6,495,000

    Price

  • Nov 19, 2020

    Date

    Active

    CRMLS: LG20242549

    $6,495,000

    Price

  • Listing provided courtesy of CRMLS

    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. 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 and personal gratification. Rare Laguna Beach short term rental license.

  • November, 2020

  • Nov 1, 2020

    Date

    Expired

    CRMLS: OC20137026

    $9,800

    Price

  • Jul 12, 2020

    Date

    Active

    CRMLS: OC20137026

    $9,800

    Price

  • Listing provided courtesy of CRMLS

    Classic cottage Laguna Vista was completely renovated and offers 3 bedrooms and 2.5 bathrooms in an elegant setting designed to take advantage of its desirable beach close location. Gorgeous flooring made of uniquely sculptured French limestone, and modern furnishings set the tone for comfortable relaxation with a spacious gourmet kitchen that includes high end, stainless steel appliances, custom cabinetry, & a granite-topped island with eating area. Elegantly appointed bedrooms, each highlighted by wide plank French flooring, and include sumptuous 2 Queen beds & a Queen leather sleeper. Spa-like bathrooms offer large bathtub-showers with imported tile work. High-tech touches include computer & internet access, flat screen TVs, DVD & Custom heating and cooling. Weekly Rental Rates: Summer June 1 through September 1st week (Labor Day weekend)-- $5,550 per week; Holidays $3,500 per week; Rest of the year $3,100 per week. Above listed $9,995 per month rental is for off season only (October thru February).

  • October, 2020

  • Oct 31, 2020

    Date

    Expired

    CRMLS: LG20098149

    $6,495,000

    Price

  • Aug 29, 2020

    Date

    Price Change

    CRMLS: LG20098149

    $6,495,000

    Price

  • Jun 5, 2020

    Date

    Active

    CRMLS: LG20098149

    $6,800,000

    Price

  • Listing provided courtesy of CRMLS

    Your possibilities are virtually endless at this gated compound in Laguna Beach’s desirable village.

  • October, 2020

  • Oct 31, 2020

    Date

    Expired

    CRMLS: LG20098136

    $6,495,000

    Price

  • Aug 29, 2020

    Date

    Price Change

    CRMLS: LG20098136

    $6,495,000

    Price

  • Jun 5, 2020

    Date

    Active

    CRMLS: LG20098136

    $6,800,000

    Price

  • Listing provided courtesy of CRMLS

    Your possibilities are virtually endless at this gated compound in Laguna Beach’s desirable village.

  • June, 2020

  • Jun 17, 2020

    Date

    Expired

    CRMLS: OC19142108

    $9,800

    Price

  • Jun 16, 2019

    Date

    Active

    CRMLS: OC19142108

    $9,800

    Price

  • Listing provided courtesy of CRMLS

    Classic cottage Laguna Vista was completely renovated and offers 3 bedrooms and 2.5 bathrooms in an elegant setting designed to take advantage of its desirable beach close location. Gorgeous flooring made of uniquely sculptured French limestone, and modern furnishings set the tone for comfortable relaxation with a spacious gourmet kitchen that includes high end, stainless steel appliances, custom cabinetry, & a granite-topped island with eating area. Elegantly appointed bedrooms, each highlighted by wide plank French flooring, and include sumptuous 2 Queen beds & a Queen leather sleeper. Spa-like bathrooms offer large bathtub-showers with imported tile work. High-tech touches include computer & internet access, flat screen TVs, DVD & Custom heating and cooling. Weekly Rental Rates: Summer June 1 through September 1st week (Labor Day weekend)-- $5,550 per week; Holidays $3,500 per week; Rest of the year $3,100 per week. Above listed $9,995 per month rental is for off season only (October thru February).

  • February, 2020

  • Feb 7, 2020

    Date

    Canceled

    CRMLS: OC19090148

    $6,800,000

    Price

  • Sep 26, 2019

    Date

    Withdrawn

    CRMLS: OC19090148

    $6,800,000

    Price

  • Apr 20, 2019

    Date

    Active

    CRMLS: OC19090148

    $6,800,000

    Price

  • Listing provided courtesy of CRMLS

    Lifetime opportunity!! 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 floor plans 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 r & 1 bath; 3 bed & 2 baths: & 3 bed rooms & 2.5 baths. 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 an excellent income stream.

  • January, 2020

  • Jan 1, 2020

    Date

    Expired

    CRMLS: OC19166596

    $6,800,000

    Price

  • Sep 26, 2019

    Date

    Withdrawn

    CRMLS: OC19166596

    $6,800,000

    Price

  • Jul 14, 2019

    Date

    Active

    CRMLS: OC19166596

    $6,800,000

    Price

  • Listing provided courtesy of CRMLS

    This gated Laguna Beach residential family compound consists of 3 beautiful beach villas: Laguna Vista, Cress Point and Laguna Point. Perhaps the most attractive and versatile multi-villa property currently available in the Orange County coastal housing 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 villa rentals, or both. It has 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. 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 and personal gratification.

  • April, 2019

  • Apr 3, 2019

    Date

    Canceled

    CRMLS: PW19018387

    $6,800,000

    Price

  • Jan 25, 2019

    Date

    Active

    CRMLS: PW19018387

    $6,800,000

    Price

  • Listing provided courtesy of CRMLS

    Enjoy this best in class gated Laguna Beach residential compound, “Laguna Vista,” 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 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, one 3 BR/2.5BA, one 3BR/2BA & one 2BR/1BA. The compound rests a short walk or ride from restaurants and shopping in one of the area’s trendiest neighborhoods. 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 and personal gratification.

  • April, 2019

  • Apr 2, 2019

    Date

    Canceled

    CRMLS: PW19018511

    $6,800,000

    Price

  • Feb 15, 2019

    Date

    Active

    CRMLS: PW19018511

    $6,800,000

    Price

  • Listing provided courtesy of CRMLS

    Enjoy this best in class gated 3 unit Laguna Beach residential compound, “Laguna Vista,” 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 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, one 3 BR/2.5BA, one 3BR/2BA & one 2BR/1BA. The compound rests a short walk or ride from restaurants and shopping in one of the area’s trendiest neighborhoods. 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 and personal gratification.

  • March, 2019

  • Mar 30, 2019

    Date

    Expired

    CRMLS: OC18071843

    $9,995

    Price

  • Mar 29, 2018

    Date

    Active

    CRMLS: OC18071843

    $9,995

    Price

  • Listing provided courtesy of CRMLS

    Classic cottage Laguna Vista was completely renovated and offers 3 bedrooms and 2.5 bathrooms in an elegant setting designed to take advantage of its desirable beach close location. Gorgeous flooring made of uniquely sculptured French limestone, and modern furnishings set the tone for comfortable relaxation with a spacious gourmet kitchen that includes high end, stainless steel appliances, custom cabinetry, & a granite-topped island with eating area. Elegantly appointed bedrooms, each highlighted by wide plank French flooring, and include sumptuous 2 Queen beds & a Queen leather sleeper. Spa-like bathrooms offer large bathtub-showers with imported tile work. High-tech touches include computer & internet access, flat screen TVs, DVD & Custom heating and cooling. Weekly Rental Rates: Summer June 1 through September 1st week (Labor Day weekend)-- $5,550 per week; Holidays $3,500 per week; Rest of the year $3,100 per week. Above listed $9,995 per month rental is for off season only (October thru February).

  • October, 2018

  • Oct 23, 2018

    Date

    Canceled

    CRMLS: OC18194507

    $7,800,000

    Price

  • Aug 10, 2018

    Date

    Active

    CRMLS: OC18194507

    $7,800,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • January, 2018

  • Jan 6, 2018

    Date

    Canceled

    CRMLS: OC17118002

    $7,498,000

    Price

  • May 26, 2017

    Date

    Active

    CRMLS: OC17118002

    $7,498,000

    Price

  • Listing provided courtesy of CRMLS

    Lifetime opportunity!! 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 r & 1 bath; 3 bed & 2 baths: & 3 bed rooms & 2.5 baths. 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.

Show More

Tax History for 150 Cress St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

150 Cress St sold on June 19, 2023 for 262% higher than the current median sold price for the city of Laguna Beach which is $2,347,500. The median sold price per/sqft for Laguna Beach is $1,302 and this home is sold at $2951.72 per/sqft which puts the price per square foot 126.71% higher than the current median sale per square foot for the city of Laguna Beach.

About 150 Cress St

Detailed summary of property

150 Cress St is a single family home that recently sold in Laguna Beach, CA 92651. This house offered 8 bedrooms, 5.5 bathrooms, roughly 2,879 living square feet, and sits on an approximately 7,241 square foot lot. 150 Cress St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $8,250,000. Home in Laguna Beach are selling for a median price of $2,347,500 and a median price per square foot of $1,302. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 262% higher than the current median priced home. Local homes that are currently for sale include 31402 Ceanothus Dr, 998 Emerald Bay and 31678 Seacove Dr. While the average home in Laguna Beach, CA is selling in 95 days, 150 Cress St has a days on market of 19 days. There are currently 200 homes for sale in the Laguna Beach real estate market and 181 of them are single family homes while 17 of them are condos and 2 are townhomes. For more information on this home for sale at 150 Cress St Laguna Beach, CA 92651 contact Ardent Real Estate Group and we will put you in touch with one of our Laguna Beach agents.

Public Facts for 150 Cress St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92651 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,250,000
Median List Price/Sq.Ft.
$1,814
Median Sold Price
$2,347,500
Median Sold Price/Sq.Ft.
$1,302
Total Inventory
198
Median Sale to List Price %
94.09%
Avg Days on Market
81
Loan Type
Conventional (25%), FHA (0%), VA (4.17%), Cash (41.67%), Other (29.17%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.