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Nicole Van Parys & Gary Nesen
Engel & Völkers Americas
nicole.vanparys@engelvoelkers.com +1(805) 795-1880Listed by Nick Brown • Kase Real Estate
$ 17,000,000
Est. payment /mo
Active
Laguna Beach, CA 92651
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-25247807
Year Built 1972
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
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 & 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!
(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
Laundry Individual Room, Inside
Exterior
Utilities Available Sewer Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Building
Lot Description Walkstreet, Level with Street, Lot 10000-19999 Sqft, Near Public Transit, Bluff
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944