150 Cress Street, Laguna Beach, CA 92651

Description

Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique and elusive vacation rental oceanfront triplex, elegantly divided as a single family residence style villa, and completely separate duplex style villas, at the doorstep of Cress Street Beach. This is a rare opportunity, a permitted vacation rental income property on the shores of Laguna Beach cannot be duplicated, or replaced, so rare in fact, that any property like it, simply put, may not come on the market again. This highly coveted property features 3 elegantly appointed ocean-view villas, 120, 130, and 150 Cress Street are set on an expansive 7,500sf meticulously hardscaped lot, elegantly divided between 2 charming buildings. Perfectly suited for discerning real estate investors or those seeking an exquisite owner-occupied residence, this remarkable property boasts an impressive minimum annual revenue of $420,000, & can absolutely earn in a range as high as $550,000+. VRBO and AirBNB Super Host accounts included! Buyer may also chose to continue the current 5-star property management service, for a seamless transfer of ownership. 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, separated by only one common wall featuring 3 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, 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 at airbnb.com/h/cresspoint airbnb.com/h/lagunapoint airbnb.com/h/villalagunavista or Vacation Rental By Owner VRBO ID 96831 Cress Point VRBO ID 96873 Laguna Point VRBO ID 96813 Laguna Vista