8 5/1 3,300 7,241 1955
Beds Baths Sq Ft Sq Ft Lot Yr Built

Property Details

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About this Property

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

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MLS Listing Information

MLS #

CROC25233708

MLS Source

California Regional MLS

Days on Site

29

Interior Features

Bedrooms

Ground Floor Bedroom

Fireplace

Family Room

Laundry

Stacked Only

Exterior Features

Pool

None

Parking, School, and Other Information

Garage/Parking

Garage: 3 Car(s)

Elementary District

Laguna Beach Unified

High School District

Laguna Beach Unified

HOA Fee

$0

Contact Agent

Derek Larson

California Dream Luxury Homes & Investments

License #: 01294200

Phone: (949) 677-4121

Neighborhood: Around This Home

Neighborhood: Local Demographics

150 Cress Street is a Single Family Residence in Laguna Beach, CA 92651. This 3,300 square foot property sits on a 7,241 Sq Ft Lot and features 8 bedrooms & 5 full and 1 partial bathrooms. It is currently priced at $6,994,950 and was built in 1955. This address can also be written as 150 Cress Street, Laguna Beach, CA 92651.

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Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.

This listing information is up-to-date as of October 27, 2025. For the most current information, please contact Derek Larson, (949) 677-4121