150 Cress Street, Laguna Beach, CA 92651

Motivated Seller Discover an unparalleled coastal haven at Cress Street Beach We proudly present an extraordinary opportunity to acquire a truly unique 3 Bedroom 25 bath single level home that also includes a duplex with amazing ocean views only steps to the sand This highly coveted property features 2 homes on 1 oversized lot including 3 elegantly appointed oceanview villas 120 130 150 Cress Street are set on an expansive and meticulously hardscaped lot Perfectly suited for an exquisite owneroccupied 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 while boasting an impressive annual revenue of nearly 500000 per year or live in the primary single level home full time and continue to take advantage of the vacation rental permits and rent the duplex for 250000300000 a year The centerpiece of this extraordinary ensemble is of course the primary villa 150 Cress Street it is a sophisticated singlelevel residence offering 3 spacious bedrooms and 25 opulent baths This villa includes a private 1car garage and a gated driveway accommodating up to 3 vehicles The additional two villas separated by only one common wall between them feature 3 bedrooms and 2 baths and 2 bedrooms with 1 bath respectively they share a separate twocar garage accessed from an entirely different street ensuring privacy and tranquility for the primary villa This is a once in a lifetime opportunity Your dream of owning a piece of paradise on the world famous shores of Laguna Beach awaits

Are you looking for an investment property? Wondering what a property like this might rent for in this market? Here is an estimate of what this property will rent for per month.

It is important to conduct thorough market research, property inspection, and evaluation of potential expenses and risks before investing in any property. Real estate investments carry inherent risks, and it is essential to consult with professionals such as real estate agents, property managers, and financial advisors to make informed decisions. This estimate is a starting point in determining the monthly rental price for a specific property. Rental restrictions may apply for this home. It is the buyer's obligation to verify rental availability and details.

The rental real estate market outlook for 92651, which includes the city of Laguna Beach, appears to be promising. As a highly desirable coastal destination in Southern California, Laguna Beach attracts a steady influx of tourists and visitors throughout the year. This, coupled with the area's limited supply of rental properties, has created a competitive market where rental prices are expected to remain strong. Additionally, the city's vibrant art scene, beautiful beaches, and upscale amenities make it an attractive place to live for professionals, families, and retirees. Consequently, demand is likely to remain high, especially for properties with attractive ocean or city views. However, it is important to note that the market may experience some fluctuation due to external factors such as economic conditions and the ongoing COVID-19 pandemic. Nevertheless, the overall outlook for the rental real estate market in 92651 suggests a positive trend with the potential for steady growth and investment opportunities.

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