150 Cress Street
Laguna Beach, CA 92651
Map
- – beds
- – baths
- – sqft
- 7,241 sqft lot
- 1955 build
- – on site
PERMITTED VACATION RENTAL TRIPLEX STEPS TO CRESS STREET BEACH WITH INCREDIBLE OCEAN VIEWS! Fantastic income opportunity from a truly rare, fully furnished, one-of-a-kind dream property. This is one of the most desirable locations in all of Laguna Beach! Presenting the Villas of Laguna Vista. Ideal configuration across 2 individual buildings, on a fully hardscaped 7500sf sf lot! With a 12 year history on AirBNB and VRBO, this property effortlessly fills 60% occupancy each year and at minimum, earns in excess of $400,000 annually. The potential to see income soar to $500,000+ is certainly within reach, as vacation rental occupancy can routinely reach 75-80% in this highly sought, and world famous travel destination. Few properties can offer both the options for personal use and high level income, simultaneously. That is correct, this property can be enjoyed by the owner, friends, and family, anytime, year-round, while still earning a minimum of $400,000 every year! Includes a single family residence style villa, and completely separate duplex style villas, right at the doorstep of Cress Street Beach. 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, which are completely separate from the primary villa, share only one common wall between each other. Featuring a 3 bedroom and 2 bath, and a 2 bedroom with 1 bath villa, and they 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 and VRBO. These Super Host accounts are included with the sale, and each of the 3 short term lodging permits will transfer to the new owner. The permits for this property, do not expire! There are few better investment opportunities anywhere in Southern California.
Last checked:
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Last updated Jul 8, 2025
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MLS# OC25149783 —
This property is listed in more than one place. See it here, and here, and here.
The Building
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Year Built:1955
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:3300.00
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Building Area Units:Square Feet
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Total Number Of Units:3
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# of Buildings:2
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Stories Total:1
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:1
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# of Separate Water Meters:2
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# of Separate Electric Meters:3
Interior
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Levels:One
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Entry Location:1
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Laundry:Stackable
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Laundry:1
Financial & Terms
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Disclosures:Licensed Vacation Rental
Location
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Directions:From South Coast Highway, turn toward ocean, last property on right by Cress Street Beach staircase
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Latitude:33.53219500
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Longitude:-117.77635900
The Property
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Property Type:Residential Income
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Subtype:Triplex
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Lot Features:Corner Lot, Lot 6500-9999
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Lot Size Area:7241.0000
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Lot Size Acres:0.1662
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Lot Size SqFt:7241.00
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Lot Size Source:Estimated
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:52
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Tax Census Tract:626.19
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Tax Tract:415
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Tax Lot:14
The Listing
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Special Listing Conditions:Standard
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Parcel Number:64407406
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Showings Begin:2025-07-07
Utilities
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Sewer:Sewer Paid
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Water Source:Public
The Community
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Subdivision:The Village (VIL)
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Subdivision:The Village (VIL)
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Neighborhood:Cress Street Beach
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Features:Hiking, Park, Watersports
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Inclusions:Furnishings
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Pool:None
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Waterfront Features:Beach Access, Beach Front, Ocean Access, Ocean Side Of Highway 1
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Driveway, Garage
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Parking Spaces:6.00
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Garage Spaces:3.00
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Uncovered Spaces:3.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/7/25
Jul 7, 2025
|
Relisted | CRMLS_CA | $7,495,000 | -11.8% (-5.7% / YR) |
|
6/5/23
Jun 5, 2023
|
BRIDGE | $8,498,000 | ||
|
5/6/23
May 6, 2023
|
CRMLS_CA | $8,498,000 |
