$6,994,950

150 Cress Street, Laguna Beach, CA 92651

  • 8 beds |
  • 6 baths |
  • 3,300 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1955
  • Property Lot Size Icon7,240sqft lot
  • Property Parking Icon 3 car garage
  • Property Price Per Square Feet Icon $2,120/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

PRICED TO SELL! This is an extraordinary opportunity to live steps to Cress Street Beach in world famous Laguna Beach, or a builders dream property, and build up to 6, 1500sf luxury ocean view condos, easily valued at $16,500,000 combined. Currently, there are 2 ocean view homes on 1 oversized lot. The first home is a 3 Bedroom 2.5 bath 1400sf, completely detached, single level, and the second home is an 1800sf Duplex with amazing ocean views. The 3 elegantly appointed, and fully furnished ocean-view villas, 120, 130, & 150 Cress Street are set on an expansive and meticulously hardscaped lot. Perfectly suited for an exquisite owner-occupied residence, or for the most discerning real estate investor. This remarkable property allows the owner to enjoy one of the most coveted beach house locations in Southern California, with the option to occupy both homes, or rent the duplex. What's more impressive, all 3 Villas are permitted for vacation rentals. Currently operating as an investment property, earning in excess of $400,000 annually, or perfect for the buyer that wants to live in paradise, while effortlessly earning approximately $300,000 from the duplex. The short term lodging permits will never expire! The centerpiece of this extraordinary ensemble, is of course, the primary vill

Listing Status:
Active
Date Added:
October 6, 2025 at 05:00AM
Listing Office:
California Dream Luxury Homes & Investments : 949-677-4121
Listing Agent:
Derek Larson : 949-677-4121
MLS ID:
CROC25233708
  • Laundry: Other
  • A/C: Other
  • Fireplace: Family RoomFireplace
  • Pool: None
  • Parking: Attached
  • General: 1
  • HOA Amenities: 0.0
  • School District: Laguna Beach Unified
  • County: Orange
  • Zoning: 64407406
  • View: Ocean
  • Utilities: Other Water/Sewer
  • Water: Other
  • Sewer: Other

This listing courtesy of Derek Larson, California Dream Luxury Homes & Investments

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Top of the World Elementary School

21601 Treetop Ln, Laguna Beach, CA, 92651

Grades KG-5

1.69 miles away

T

Thurston Middle School

2100 Park Ave, Laguna Beach, CA, 92651

Grades 6-8

1.39 miles away

L

Laguna Beach High School

625 Park Ave, Laguna Beach, CA, 92651

Grades 9-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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150 Cress Street, Laguna Beach, CA 92651
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$6,995,000

  • 8 bed |
  • 6 bath |
  • 3,300 sqft |
150 Cress Street Laguna Beach, CA 92651

#CROC25149921 - California Dream Luxury Homes & Investments