CA > Laguna Beach
Laguna Beach, CA 92651,150 Cress Street
Laguna Beach, CA 92651,150 Cress Street
Laguna Beach, CA 92651,150 Cress Street
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
$8,249,000
Est. payment /mo
8 Beds
3,300 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $2,499

MLS Listing ID CROC25149783

Bedrooms 8

HOA Y/N No

Year Built 1955

Lot Size 7,241 Sqft

Acres 0.17

Property Sub-Type Triplex

Property Description

PERMITTED VACATION RENTAL TRIPLEX STEPS TO CRESS STREET BEACH WITH INCREDIBLE OCEAN VIEWS, OR AMAZING DEVELOPMENT OPPORTUNITY! MOTIVATED SELLER! Endless options await, a builders dream property, that will allow development of up to 6, 1500sf luxury ocean view condos, valued at $16,500,000, or enjoy the current vacation rental income. Each future condo would easily be valued at $2,500,000 - $3,500,000, and for the savviest investors, even greater returns can be found by offering owner financing. Currently, this is a fully furnished, one-of-a-kind investment property located at one of the most desirable locations in all of Laguna Beach! Presenting the Villas of Laguna Vista. Ideal configuration across 2 individual buildings, on a fully hardscaped 7500sf sf lot, with parking for up to 6 cars. With a 12 year history on AirBNB and VRBO, this property effortlessly fills 60% occupancy each year, and at minimum, earns in excess of $400,000 annually. The potential to see income soar to $500,000+ is certainly within reach, as vacation rental occupancy can routinely reach 75-80% in this highly sought, and world famous travel destination. Few properties can offer options for development, personal use, and high level income, simultaneously. That is correct, this property can be enjoyed by the

Location

State CA

County Orange

Interior

Fireplace No

Laundry Other

Exterior

Utilities Available Other Water/Sewer

Total Parking Spaces 6

Building

Lot Description Corner Lot

New Construction No

Others

Tax ID 64407406

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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Derek Larson • California Dream Luxury Homes & Investments

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent | DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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