$6,495,000
33.5322 -117.776
FOR SALE

150 CRESS Street Laguna Beach, CA 92651

$6,495,000

Est. Monthly $22,986 recalculate
 

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San Clemente, CA 92672
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150 CRESS Street
Laguna Beach, CA 92651

Explore This Property

Multi-Family (2-4 Units) - 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.
MLS # OC21098483
Courtesy Of Tri-Star Realty

Property Features

  • Age: 11-20 Years Old
  • Amenities: Double Pane Windows
  • Appliances: Dishwasher, Garbage Disposer, Microwave, Refrigerator, Water - Purifier
  • Architecture Style: Contemporary
  • Exterior Type: Stucco, Wood Siding
  • Floor Covering: Tile - Stone, Tile or Stone, Wood
  • Heating System: Forced Air
  • Parking Type: Garage
  • Roof Type: Composition Shingle
  • View Type: Ocean, Water

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $22,986Your estimated monthly payment
    $1,299,00020% Down Payment
    $6,495,000 $5,196,000
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School

    TOP OF THE WORLD ELEMENTARY SCHOOL
    Grades K-5 | Public School

    Laguna Beach, CA 92651
    21601 TREETOP LN
    949-497-7790
    1.6
    miles

    Total Students 616
    Student Teacher Ratio 18:1

    School Rating

    5 stars View School Details

    Middle School

    THURSTON MIDDLE SCHOOL
    Grades 6-8 | Public School

    Laguna Beach, CA 92651
    2100 PARK AVE
    949-497-7785
    1.4
    miles

    Total Students 698
    Student Teacher Ratio 18:1

    School Rating

    5 stars View School Details

    High School

    LAGUNA BEACH HIGH SCHOOL
    Grades 9-12 | Public School

    Laguna Beach, CA 92651
    625 PARK AVE
    949-497-7750
    0.7
    miles

    Total Students 1053
    Student Teacher Ratio 20:1

    School Rating

    5 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Number 3 School 0.6 mi Public K-3
    Laguna Beach Adult 0.7 mi Public 9-12
    Anneliese's Schools, Inc. 0.8 mi Private K-3
    St. Catherine Of Siena Parish School 1.3 mi Catholic PRESCHOOL-8
    Anneliese's School 1.8 mi Private PRESCHOOL-K
    Moulton Elementary School 2.9 mi Public PRESCHOOL-5
    Canyon Vista Elementary School 3.2 mi Public K-5
    Laguna Niguel Jr. Academy 3.2 mi Private K-10
    Independent Learning Academy 3.3 mi Private K-12
    St. Mary's School 3.3 mi Private PRESCHOOL-8
    Aliso Viejo Christian 3.4 mi Private K-8
    El Morro Elementary School 3.4 mi Public PRESCHOOL-5
    Wood Canyon Elementary School 3.5 mi Public K-5
    Anneliese's School 3.6 mi Private PRESCHOOL-6
    Vandamme Academy 3.6 mi Private K-8
    The Discovery Preparatory School 3.6 mi Private 6-12
    Aliso Niguel High School 3.7 mi Public 9-12

    Local Area Information for Laguna Beach, CA 92651

    Median Age: 50.4
    Married: 46.2%
    Number of Households: 11,567
    Households with Children: 2,416
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2021 California Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed.
      This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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