See all 46 photos
46 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$17,500,000
Est. payment /mo
4 Beds
5 Baths
0.32 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision North Laguna (Nl)
MLS Listing ID LG26020416
Bedrooms 4
Lot Size 0.316 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Opportunity Knocks. Arabella Laguna is a rare trophy property, held under the same ownership since 1976, offering exceptional versatility and irreplaceable income potential. Currently operating as a highly successful short-term rental compound, it may also serve as a private residence with income, multi generational family compound, or long-term rental investment. Located at the north end of Gallery Row, the property is minutes to Heisler Park, the beach, downtown Laguna Beach, shopping, and dining. Comprised of two legal parcels and four buildings, including two historic cottages listed on the City of Laguna Beach Historic Inventory. Buyers may qualify for Mills Act benefits, subject to their own investigation. The Myrtle Cottage is a 3-bedroom, 3-bath historic residence configured as two units: Upper level: 2 bedrooms, 2 baths, kitchen, sun porch Lower level: 1 bedroom with caterers kitchen and expansive veranda/sunroom, used for special events and owners quarters or office The Jacaranda Cottage is a charming single-level 1-bedroom, 1-bath home with large living room, sun porch, full kitchen, and laundry room. Two additional rear buildings (circa 1940) include two studio apartments, three one-bedroom apartments, and an additional sleeping room currently used as storage. The residences surround a lush, private central courtyard. Amenities include eight garages (one converted to laundry/storage) and three laundry areas. Operating continuously as short-term rentals since 2001, the property benefits from a rare, grandfathered, transferable permit that cannot be obtained aga
Location
State CA
County Orange
Zoning Other
Direction on the inland North corner of Coast Hwy. and Myrtle
Interior
Heating Combination Heating
Cooling Other/Remarks, Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 49618107
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Read Less Info
Listed by Connie Maxsenti, DRE#00482592 Coldwell Banker Realty
Nearby Locations
GET MORE INFORMATION