Seller to entertain offers beginning at $8,995,000. This permitted vacation rental triplex, is 3 Villas, across 2 separate buildings only steps to Cress Street Beach. $420,000 income was earned at 57% occupancy. The yearly average nightly rental is $657/night per Villa. (This summer, rates have increased 10%, with our largest villa being reserved at $1200/night in July) Ample opportunity to fill the 43% vacancy by reducing rates in the off-season, which can bring income as high as $550,000 and beyond. Thet total building square footage is 3415sf, the total living space is approximately 2800sf. The lowest advertised nightly prices, at the slowest time of year, is $350-$425 (NET TO OWNER) per villa. With 470 nights available to fill, offering the property at $250-$300/night (NET TO OWNER) could easily increase occupancy, and generate $65,000 in additional revenue, while still allowing for 22% vacancy! Bringing the annual income to $480,000+ at the click of a button. Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique and elusive vacation rental oceanfront triplex, elegantly divided as a single family residence style villa, and completely separate duplex style villas, at the doorstep of Cress Street Beach. This is a rare opportunity, a permitted vacation rental income property on the shores of Laguna Beach cannot be duplicated, or replaced, so rare in fact, that any property like it, simply put, may not come on the market again. This highly coveted property features 3 elegantly appointed ocean-view villas, 120, 130, and 150 Cress Street are set on an expansive 7,500sf meticulously hardscaped lot, elegantly divided between 2 charming buildings. Perfectly suited for discerning real estate investors or those seeking an exquisite owner-occupied residence, this remarkable property boasts an impressive minimum annual revenue of $420,000, & can absolutely earn in a range as high as $550,000+. Vacation Rental By Owner and AirBNB Super Host accounts included! Buyer may also chose to continue the current 5-star property management service, for a seamless transfer of ownership. The centerpiece of this extraordinary ensemble is the primary villa, a sophisticated single-level residence offering 3 spacious bedrooms and 2.5 opulent baths. This villa includes a private 1-car garage and a gated driveway accommodating up to 3 vehicles. The additional 2 villas, separated by only one common wall featuring 3 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, share a 2-car garage, accessible from Oceanfront street, ensuring privacy and tranquility to the primary villa. Each villa is fully furnished, exuding luxury and comfort, providing guests with an idyllic beach vacation experience year-round. Whether indulging in the sun-kissed sands just beyond their doorstep or savoring a sunset glass of wine by one of the 4 outdoor fire pits that overlook the Pacific Ocean, it is no surprise that guests are drawn back to the enchanting “Villas of Laguna Vista” time and again, a testament to the property’s undeniable allure and year-round demand. This is also a Luxury Builders Dream property with Massive value increase potential, with the addition of a second story. Seize this remarkable opportunity to invest in a coastal gem that promises elegance, sustainability, and profitability on the world famous shores of Laguna Beach.