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Listed by Nick Brown • Kase Real Estate
$17,000,000
Est. payment /mo
4,500 SqFt
Open House
Sun Dec 14, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $3,777
MLS Listing ID CROC25247805
HOA Y/N No
Year Built 1972
Lot Size 10,454 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
Property Description
“Where Vision Meets the View†| Laguna Beach Oceanfront Investment Compound (Ideal for 1031 Exchange | Multi-Family | Development Opportunity) Some assets redefine what's possible. This one does both delivering immediate income, long-term upside, and irreplaceable oceanfront frontage in the heart of Laguna's legendary HIP District. Perched above the sand on a rare double blufftop lot exceeding 10,000 sq ft, this property offers 50 ft. of linear ocean frontage and a private staircase directly to Cress Cove putting you front row to one of the most iconic coastlines in the world. The Property -- Detached SFR: 4 Bedrooms + Office | 4 Baths | No shared walls Three Condos: Each 2 Bedrooms | 2 Baths - ideal for luxury leasing or long-term income Bonus Level: Flexible pool house / studio / gym / media retreat with potential to become a 5th legal unit Private Pool Terrace + 4-Car Garage Multiple Addresses + Gated Compound Layout Investment Highlights -- Four existing income producing residences with diverse use potential Bonus space with 5th unit potential adds immediate value add opportunity 1031 exchange ready with strong (income to land) value ratio Redevelopment upside: One of the few oceanfront double lots zoned for multi-family/multi-address use Prime location: Steps to Surf & S
Location
State CA
County Orange
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplace No
Laundry Laundry Room, Inside
Exterior
View City Lights, Panoramic, Water, Other, Ocean
Handicap Access See Remarks
Building
Lot Description Other
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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