#LG25027904, John Stanaland, Listing office: DOUGLAS ELLIMAN OF CALIFORNIA, INC.
#OC25149783·
Listing office: Derek Lee Larson·
Listing agent: Derek Larson·
Listing office phone: 949-677-4121
$7,495,000 List price
150 Cress St Laguna Beach, CA 92651
0.2 acres
Multi-Family
Property details
About 150 Cress St
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.
Highlights
Home typeTriplex
StatusActive
Lot size0.1662 Acres
Year built1955
ParkingDriveway, Garage
MLS #OC25149783
Garage3 spaces
WaterfrontBeach, Ocean Access
Summary
- Garage Space: 3 spaces
- Private Pool: No
- Parking: Driveway, Garage
- Waterfront: Beach, Ocean Access
- List Price: $7,495,000
- Annual Tax Amount: $86,173
- Tax Year: 2024
- Lot: Corner Lot
- Directions: From South Coast Highway, turn toward ocean, last property on right by Cress Street Beach staircase
- Year Built: 1955
- Stories: 1
- Lot Size: 0.1662 Acres
- MLS Number: OC25149783
- MLS Name: CRMLS
- Office Name: Derek Lee Larson
- Office Phone: (949) 677-4121
- Listing Agent: Derek Larson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/15/2025, 10:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 02, 2023 | Home Sold | $8,250,000 |
| Jun 02, 2005 | Home Sold | $2,900,000 |
| Oct 22, 1999 | Home Sold | $1,333,000 |
| Dec 12, 1997 | Home Sold | $750,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $8,250,000 | $86,173 |
| 2023 | $3,680,269 | $42,282 |
| 2022 | $3,608,107 | $39,284 |
| 2021 | $3,537,360 | $38,399 |
| 2020 | $3,537,360 | $38,221 |
| 2019 | $3,468,000 | $36,741 |
| 2018 | $3,400,000 | $36,741 |
| 2017 | $3,300,000 | $35,635 |
History based on county public records data.
Nearby schools
9
Top of the World Elementary School
Public District KG-5
1.7 mi
•21601 Treetop Ln
9
Moulton Elementary School
Public District KG-5
3.0 mi
•29851 Highlands Ave
9
Canyon Vista Elementary School
Public District KG-5
3.1 mi
•27800 Oak View Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $94,697. Most Laguna Beach, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
15%
<35k
40%
35k-100k
30%
100k-200k
15%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
61%
Single, No Kids
5%
Single, with Kids
24%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
5%
12-17 yrs old
17%
18-34 yrs old
52%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Skiing/snowboarding
Men's Tennis
Where do the neighbors shop?
Chico's
Nordstrom
Bloomingdales
Where do the neighbors go to eat?
Bonefish Grill
California Pizza Kitchen
Starbucks
What do the neighbors drive?
Cadillac
BMW
Lexus
What do the neighbors listen to?
Classical
Talk/Personality
News
All data provided by Home Junction and Claritas
Similar homes for sale
#LG25058153, Shauna Covington, Listing office: Berkshire Hathaway HomeServices California Properties
#OC25041313, Terry Harden, Listing office: Terry Harden, Broker
#LG25021496, Spencer Wall, Listing office: Pacific Sotheby’s International Realty
#OC25047794, Terry Harden, Listing office: Terry Harden, Broker
#LG25015318, David Csira, Listing office: Laguna Beach Properties
#OC25108976, Katin Reinhardt, Listing office: Kase Real Estate
#LG25137663, Mark Christy, Listing office: Berkshire Hathaway HomeServices California Properties
#LG25078157, Danielle Purcell, Listing office: Team Laguna Inc
Frequently asked questions
About 150 Cress St
The listing price of 150 Cress St property is $7,495,000.
The property 150 Cress St is a multi located in Laguna Beach, California, 92651.
Active Listing: 150 Cress St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 150 Cress St are: Top of the World Elementary School (GreatSchools Rating 9/10), Moulton Elementary School (GreatSchools Rating 9/10), Canyon Vista Elementary School (GreatSchools Rating 9/10), Thurston Middle School (GreatSchools Rating 8/10), Don Juan Avila Middle School (GreatSchools Rating 8/10), Journey (GreatSchools Rating 6/10), Laguna Beach High School (GreatSchools Rating 9/10), Aliso Niguel High School (GreatSchools Rating 9/10), Dana Hills High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $86,173 (source: MLS/based on county public records data).
The last sale was on June 2, 2023 for $8,250,000 (source: MLS/tax record).
The year of construction for 150 Cress St is 1955.
This home is located at 150 Cress St in Laguna Beach, CA and zip code 92651 in the The Village neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 7, 2025 and is currently priced at $7,495,000.
While more than 1 listings in Laguna Beach, CA in June 2025 were sold above asking price, there were more than 7 listings sold at asking price, and more than 20 were sold below. The number of listings in Laguna Beach, CA increased by 4.7% between May and June 2025. The median list price of listings available in June 2025 was $2,900,000, while the average time on the real estate market was 62 days.
From Rocket Homes Real Estate and based on county public records data.