150 Cress St.

Rare opportunity to own irreplaceable beach side real estate in Laguna Beach. One of the very few properties in Laguna with an active conditional use permit allowing vacation rentals. World-class interior renovation. Property located on a very large beach side lot with ample parking, featuring two garages. Potential ability to renovate and add over 1,800 square feet of living area. Established vacation rental clientele with some booking multiple times a year. Average daily rate works out to $420. $70 per person per day at maximum occupancy, much lower than any hotel option in Laguna Beach.