$6,295,000
618 S Coast HighwayLaguna Beach, CA 92651The Village
Sold
150 CRESS Street sold on June 2, 2023 for $8,250,000. The details are below for reference.
150 CRESS Street, Laguna Beach, CA 92651
- 2,879 sq ft
- Built 2007
Own 150 CRESS Street? Request a free home valuation to see what it is worth today.
$8,250,000
Subdivision Main Beach
This home has a newer listing: MLS OC25233819 (Sold).
The home
About 150 CRESS Street
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.
Property details for 150 CRESS Street
This triplex sits in the Main Beach neighborhood of Laguna Beach in Orange County. It has 2,879 square feet of living space. The home was built in 2007. The MLS record lists the assessor parcel number as 644-074-06. Highlights include ocean and coastline views, a fireplace, single-story living, a three-car garage, central air, and contemporary architecture.
Specifications
Home Details
General Features
- Property Type
- Triplex
- MLS Number
- OC23063283
- Year Built
- 2007
- Lot Size (sq ft)
- 7,241
- Lot Size (acres)
- 0.1662
- Levels
- One
- Garage Spaces
- 3
- Parking Spaces
- 6
- View
- Catalina, City Lights, Coastline, Mountains, Ocean
- Parcel Number
- 64407406
- On Market Date
- 2023-04-15
- Listing Terms
- Standard
Interior Features
- Interior Features
- Ceiling Fans, Crown Molding, Coffered Ceilings, Granite Counters, Open Floorplan, Paneling Wainscoting, Recessed Lighting, Wired For Data, All Bedrooms Down, Bedroom On Main Level
- Appliances
- Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water To Refrigerator, Water Purifier, Dryer, Washer
- Flooring
- Stone, Tile, Wood
- Heating
- Electric, Forced Air, Fireplaces, Heat Pump
- Cooling
- Central Air, Electric
- Fireplace
- Family Room, Free Standing, Gas, Outside
- Laundry
- Washer Hookup, Gas Dryer Hookup, Inside, In Kitchen
- Entry Level
- 1
- Common Walls
- One Common Wall
- Windows
- Double Pane Windows
- Doors
- Mirrored Closet Doors, Sliding Doors
- Accessibility
- Parking
Exterior Features
- Architectural Style
- Contemporary
- Exterior Features
- Fire Pit
- Roof
- Composition, Shingle
- Construction
- Stucco, Wood Siding, Copper Plumbing
- Lot Features
- Bluff
- Parking
- Door Multi, Door Single, Garage Faces Front, Garage
- Fencing
- Wrought Iron
- Pool Features
- None
- Sewer
- Sewer Tap Paid
- Water
- Public
- Utilities
- Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
- Units
- 3
Community Features
- Subdivision
- Main Beach (BCH)
- Community Features
- Curbs
The record
Property History for 150 CRESS Street
| Date | Event | Price | Note |
|---|---|---|---|
| Feb 3, 2026 | Sold | $7,000,000 | California Dream Luxury Homes & Investments |
| Jun 19, 2023 | Sold | $8,250,000 | Tri-Star Realty |
| Jun 2, 2023 | Sold | $8,250,000 | |
| May 6, 2023 | Status changed to Pending | From Active Under Contract | |
| May 4, 2023 | Status changed to Active Under Contract | From Active | |
| Apr 15, 2023 | Listed for sale | $8,498,000 |
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 150 CRESS Street
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, area of minimal flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0417K effective March 21, 2019. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones. Checked October 15, 2026.
- Liquefaction zone
Outside the liquefaction zones.
California Geological Survey, Seismic Hazard Zones map, Laguna Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Laguna Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Tsunami hazard area
Outside the Tsunami Hazard Area on the State's evacuation planning map.
California Geological Survey and Cal OES, Tsunami Hazard Area map for Orange County (2021). Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: Frontier, up to 7,000 Mbps, at 23 of 26 residential locations in this census block. Fiber: Cox Communications, up to 1,000 Mbps, at 26 of 26. Fixed wireless: Verizon, up to 300 Mbps, at 23 of 26.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590626194025, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger less than 0.1 miles away (ChargePoint, 2 Level 2 ports). 25 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
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The neighborhood
About Laguna Beach
Laguna Beach is a coastal Orange County city set along a shoreline of coves and bluffs, with beaches including Main Beach, Heisler Park, and Crystal Cove State Park reached from Pacific Coast Highway. Rooted in an early-1900s artists' colony, it hosts the Festival of Arts and Pageant of the Masters within the Laguna Beach Unified School District.
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Listed by Carl Wuestehube of Tri-Star Realty
Listing information updated Jun 2, 2023 at 4:29 PM PT. Source: CRMLS.
This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.