150 Cress St
Laguna Beach, CA 92651
Multifamily Property For Sale
·
3 Units
Property Facts
| No. Units | 3 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 3,415 SF |
| Property Subtype | Apartment | Average Occupancy | 57% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | B | Year Built/Renovated | 1955/2008 |
| Zoning | R3 - Each of the 3 villas are permitted for short term lodging, and NO renewal is needed. Legally allowed to build up to 6, 1500sf condos, approval needed | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 3,415 SF |
| Average Occupancy | 57% |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2008 |
| Zoning | R3 - Each of the 3 villas are permitted for short term lodging, and NO renewal is needed. Legally allowed to build up to 6, 1500sf condos, approval needed |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Ceiling Fans
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Grill
- Coffee System
- Double Pane Windows
- Garden
- Linen Closet
- Smoke Free
- Window Coverings
Site Amenities
- Fenced Lot
- Furnished Units Available
- Grill
- Gas Range
- Wi-Fi
- Community-Wide WiFi
- Green Community
About 150 CRESS ST , LAGUNA BEACH, CA 92651
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 floor plans 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 an excellent income stream.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $8,300 | 970 |
| 3+2 | 2 | $8,300 | 980 - 1,345 |
Property Taxes
| Parcel Number | 644-074-06 | Improvements Assessment | $142,256 |
| Land Assessment | $8,441,044 | Total Assessment | $8,583,300 |
Property Taxes
