Residential Income Details
Cress Street Villas is a 3-unit multifamily investment property located in Laguna Beach, one of the premier coastal housing markets nationwide. Cress Street Villas is currently being operated as short-term rentals with an active transferable AUP (administrative use permit). Built in 1920 and 1955, Cress Street Villas offers investors the opportunity to capitalize on strong market trends, capture a prosperous tenant base, and exceptional renovations that should increase rental income by approximately 10 percent. Situated on a 0.16-acre lot, the 2,605 square foot property consists of two-bedroom and three-bedroom villas offering ocean views. Cress Street Villas offers an attractive range of amenities including spacious patios with outdoor seating, BBQ area, and ocean views, gated access, in-unit laundry; and garage parking and open parking. Cress Street Villas is just steps from Laguna Beach.
|Number of Units||3|
|Listing Brokerage||Marcus & Millichap RE Invest|
|Listing Agent||Tyler Leeson|
|Listing Agent BRE #||01451551|
|Co-Listing Agent||Kurt Hediger|
|Co-Listing Agent BRE #||01846649|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, August 20, 2018.
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