1337 Gaviota Dr Laguna Beach, CA 92651
10,454 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25247807
HOA Y/N No
Year Built 1972
Lot Size 10,454 Sqft
Property Sub-Type Multi Family
Property Description
(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 & Sand Resort, art galleries, cafés, and the cultural heart of Laguna Village
Whether held as a cash flowing investment, repositioned as a boutique oceanfront portfolio, or reimagined as a trophy redevelopment, this property is a once in a generation acquisition for those who understand that true oceanfront land is the rarest asset of all
Where vision meets the view and opportunity meets the ocean!
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Inside, Laundry Room
Exterior
Carport Spaces 1
Fence Security, Wrought Iron
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Beach Access,Beach Front,Ocean Access,Ocean Front,Ocean Side Of Highway
Roof Type Flat
Total Parking Spaces 3
Building
Lot Description Bluff, Near Public Transit, Street Level, Walkstreet
Story 2
Water Public
Others
Tax ID 64421610
Security Features Security System,Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Lease Option, Owner May Carry
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Lease Option, Owner May Carry
Special Listing Condition Standard
