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1337 Gaviota Dr

Laguna Beach, CA 92651

$17,000,000

| 4,500 sq. ft.

Status: Active Area: LV - Laguna Village
Year Built: 1972 MLS#: OC25247805

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!

Features

    Other Rooms: Entry, Exercise Room, Game Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Multi-Level Bedroom, Office Appliances: Built-In Range, Convection Oven, Dishwasher, Freezer, Disposal, Gas Range, Range Hood, Refrigerator
    Fireplace Rooms: Living Room, Primary Bedroom, Gas
    Heating: Forced Air
    Cooling: Wall/Window Unit(s)
    Structure Type: Custom Built
    Association Amenities: N/A
    Pool Descriptions: Private, In Ground
    Price/sqft: $3778
    Parking Spaces: 7
    Total Floors: 2

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