150 Cress ST new Save Request In-Person Tour Request Virtual Tour
Laguna Beach,CA 92651
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision The Village (Vil)
MLS Listing ID OC25149783
HOA Y/N No
Year Built 1955
Lot Size 7,239 Sqft
Property Sub-Type Triplex
Property Description
PERMITTED VACATION RENTAL TRIPLEX STEPS TO CRESS STREET BEACH WITH INCREDIBLE OCEAN VIEWS! Fantastic income opportunity from a truly rare, fully furnished, one-of-a-kind dream property. This is 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 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 both the options for personal use and high level income, simultaneously. That is correct, this property can be enjoyed by the owner, friends, and family, anytime, year-round, while still earning a minimum of $400,000 every year! Includes a single family residence style villa, and completely separate duplex style villas, right at the doorstep of Cress Street Beach. The centerpiece of this extraordinary ensemble is the primary villa, 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 2 villas, which are completely separate from the primary villa, share only one common wall between each other. Featuring a 3 bedroom and 2 bath, and a 2 bedroom with 1 bath villa, and they share a 2-car garage, accessible from Oceanfront street, ensuring privacy and tranquility to the primary villa. Each villa is fully furnished, exuding luxury and comfort, providing guests with an idyllic beach vacation experience year-round. All 3 villas can be found on AirBNB and VRBO. These Super Host accounts are included with the sale, and each of the 3 short term lodging permits will transfer to the new owner. The permits for this property, do not expire! There are few better investment opportunities anywhere in Southern California.
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Inclusions Furnishings
Fireplace No
Laundry Stacked
Exterior
Parking Features Driveway,Garage
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Hiking,Park,Water Sports
Waterfront Description Beach Access,Beach Front,Ocean Access,Ocean Side Of Highway
Total Parking Spaces 6
Private Pool No
Building
Lot Description Corner Lot
Story 1
Entry Level One
Sewer Sewer Tap Paid
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 64407406
Energy Description 2000.0
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard
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