Credits
From Miguel Covarrubias
Victor and Suzanne Vasu, affiliate agents with the Newport Beach office of Coldwell Banker Residential Brokerage, have listed the property for $6,800,000. Located at 150 Cress St. in Laguna Beach, Calif. the eight-bedroom, five-bathroom, one-half-bathroom and approximately 3,415-square-foot home is on an approximately 7,200-square-foot lot.
“Enjoy this best in class gated Laguna Beach residential compound, Laguna Vista, the most attractive and versatile multi-unit property currently available in the Orange County real estate market,” said Victor Vasu. “This is a rare and incredible value and shines as a family complex, multiple lucrative beach rentals or both. The compound rests a short distance from restaurants and shopping in one of the area's trendiest neighborhoods.
Nestled adjacent to the Cress Street Beach steps, the complex includes three lovely single-level villas and parking for at least six vehicles. One villa has three bedrooms, two bathrooms and half bathroom. A second villa has three bedrooms and two bathrooms. A third villa has two bedrooms and one bathroom. Completely renovated, the villas showcase wide-plank wood and tile floors, recessed lighting, crown molding, tray ceilings and high-end stainless kitchen appliances. An expansive, multi-level central courtyard features four fire pits and seating with views of the ocean and sunsets.
“The investment and use options of this one-of-a-kind compound make it a superb prospect for immediate as well as long-term financial and tax benefits while creating a versatile opportunity for fiscal and personal gratification,” said Victor Vasu.
To view the home, contact Victor Vasu at 949-677-5268 or victor.vasu@camoves.com or Suzanne Vasu at 949-230-8858 or Suzanne.Vasu@camoves.com.
About Coldwell Banker Residential Brokerage
Coldwell Banker Residential Brokerage, the No. 1 residential real estate brokerage in Southern California, operates approximately 75 offices with approximately 4,480 affiliated agents. Real estate agents affiliated with the company are independent contractor agents and are not employees of the company. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage company. For more information, please visit ColdwellBankerHomes.com. CalRE# 00616212