1337 Gaviota Dr, Laguna Beach, CA 92651

Where Vision Meets the View | Laguna Beach Oceanfront Investment Compound (Ideal for 1031 Exchange | Multi-Family | Development Opportunity) Some assets redefine whats possible. This one does both delivering immediate income, long-term upside, and irreplaceable oceanfront frontage in the heart of Lagunas 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, cafs, 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 lan