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$7,498,000price
Beds
Total Baths
3,415Sqft

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.

Listing Details

Essential Information

MLS® #: OC17118002MR
Price: $7,498,000
Bathrooms: 0.00
Square Footage: 3,415
Year Built: 2007
Type: Income
Style: Contemporary
Status: Active

Community Information

Address: 150 Cress St
Area: Laguna Village
City: LAGUNA BEACH
County: Orange
State: CA
Zip Code: 92651

Amenities

Parking Spaces: 6
# of Garages: 3
Garages: Garage - 1 Car, Garage - 2 Car
View: Ocean, White Water
Pool: None

Interior

Appliances: Microwave
Heating: Forced Air
Fireplace: Yes
Fireplaces: Electric, Fire Pit, Wood Burning
# of Stories: 1

Exterior

Exterior: Stucco
Windows: Double Pane Windows
Roof: Composition, Shingle
Construction: Stucco

Additional Information

Date Listed: May 26th, 2017
Days on Market: 175

Financials

$/SqFt: $2,196
Listing Agent: Carl Wuestehube (00634943)
Listing Office: Tri-Star Realty
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Last updated on November 18th, 2017 at 10:52pm PST