$8,250,000
SOLD JUN 19, 2023

150 Cress St Laguna Beach, CA 92651

The Village Neighborhood
8 Beds
5.5 Baths
2,879 Sq Ft
7,241 Sq Ft Lot

Recently Sold

$2,866 Per Sq Ft

3% Below List Price

19 Days on Market

Highlights

  • White Water Ocean Views
  • Updated Kitchen
  • Granite Countertops
  • Top Of The World Elementary School Rated A
  • Furnished
  • No HOA

About This Home

As of June 2023

Incredible Value & Opportunity!! Extraordinary Laguna Beach Location!! This one of a kind property offers three spectacular beach villas (a duplex & a single family residence). The villas generated gross income well over $425K in 2022. These spectacular villas have the potential to generate income between $500K to $600K per year. Villas offer one of the highest CAP rates of over 4% & potential to exceed CAP rate of 5%. This gated World Class Laguna Beach residential family complex consists of 3 beautiful beach villas. Perhaps the most attractive and versatile multi-villas property currently available in the coastal areas of Orange County. Nestled on an approximately 7,200 sq. ft. lot immediately adjacent to the Cress Street Beach steps, and with parking for at least 6 vehicles. The property offers 3 lovely single-level villas with a total of 8 bedrooms, and 5.5 baths. Mixes of three villas: 2 bedrooms & 1 bath; 3 bedrooms & 2 baths; & 3 bedrooms & 2.5 baths (SFR). The family compound rests a short walk or ride from restaurants and shops in one of the area’s trendiest neighborhoods, the Hip district. Completely renovated and incorporating the finest materials & fixtures, each of the beach villas is worthy of the most discriminating guests or family members. Wide-plank wood & tasteful natural stone floors & shower walls, recessed lighting, crown molding & tray ceilings, stainless steel kitchen appliances, & luxurious bathrooms are only a few of the features contributing to the ambiance of casual sophistication. An expansive, multi-level courtyard features 4 fire pits & seating, with views of the ocean and spectacular sunsets. The investment & use options of this one-of-a-kind complex make it a superb prospect for immediate as well as long-term financial and tax benefits. Villas offer a viable 1031 exchange & enhance your great investment opportunity. Excellent use as a beach house for family & friends; as a second home & rent the villas as vacation or long term rentals as needed to supplement the income to offset property expenses. Very rare Laguna Beach short term rental license conveys with the property. Potential to add a second story to capture mesmerizing Panoramic Ocean/Coastal line views, Catalina Island, beautiful hills, & to increase the value significantly.

Last Agent to Sell the Property

Carl Wuestehube

Tri-Star Realty License #00634943 Listed on: 04/15/2023

Co-Listed By

Chas Patterson

The Firm Real Estate Services Inc. License #01935216

Last Buyer's Agent

Derek Larson

Derek Lee Larson License #01294200

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 7,241 Sq Ft Lot
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic

Home Design

  • Cottage
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,879 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Custom Window Coverings
  • French Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Stone Flooring
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Kitchenette
  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Convection Oven
  • Gas Oven
  • Built-In Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers

Bedrooms and Bathrooms

  • 8 Bedrooms | 3 Main Level Bedrooms
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Parking Lot

Outdoor Features

  • Slab Porch or Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Sewer Paid
  • Cable TV Available

Community Details

  • No Home Owners Association
  • The Village Subdivision

Listing and Financial Details

  • Legal Lot and Block 14 / 52
  • Tax Tract Number 415
  • Assessor Parcel Number 64407406

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: Seller
  • Other Phone Number: 949-310-4161
  • Property Attached: No
  • Security: Smoke Detector(s)
  • Subdivision Name Other: The Village (VIL)
  • View: Yes
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 64407406
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2879.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Furnished, Granite Counters, Recessed Lighting
  • Stories: 1
  • Entry Location: Ground Level
  • Common Walls: No Common Walls
  • Flooring: Stone
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2865.58
  • Room Type: All Bedrooms Down, Living Room
  • Window Features: Custom Covering
  • Bathroom Features: Shower In Tub, Exhaust Fan(s)
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Kitchenette, Pots & Pan Drawers, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Coastline, Ocean, Panoramic, Water, White Water
  • Fence: Yes
  • Fencing: Wrought Iron
  • Patio And Porch Features: Concrete, Patio Open, Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Convection Oven, Dishwasher, Freezer, Gas Oven, Gas Cooktop, Ice Maker, Microwave, Recirculated Exhaust Fan, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7241.00
  • Lot Size Acres: 0.1662

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7241.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 52
  • Tax Lot: 14
  • Tax Model: C
  • Tax Tract Number: 415

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2025 07/26/25 Price Changed $9,495,000 +26.7% $2,877 / Sq Ft
07/07/2025 07/07/25 For Sale $7,495,000 -9.2% $2,271 / Sq Ft
06/19/2023 06/19/23 Sold $8,250,000 -2.9% $2,866 / Sq Ft
05/04/2023 05/04/23 Pending -- -- --
04/15/2023 04/15/23 For Sale $8,498,000 -- $2,952 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2025

    Derek Larson

    Derek Lee Larson

  • C

    Seller's Agent in 2023

    Carl Wuestehube

    Tri-Star Realty

  • C

    Seller Co-Listing Agent in 2023

    Chas Patterson

    The Firm Real Estate Services Inc.

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23063295

California Regional Multiple Listing Service (CRMLS)

APN: 644-074-06

California Orange County Laguna Beach 92651 The Village

150 Cress St, Laguna Beach, CA

This home is located at 150 Cress St, Laguna Beach, CA 92651 and is currently priced at $8,250,000, approximately $2,865 per square foot. This property was built in 2007. 150 Cress St is a home located in Orange County with nearby schools including Top Of The World Elementary School, Thurston Middle School, and Laguna Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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