506 N. Coast Hwy., Laguna Beach, CA 92651
506 N. Coast Hwy., Laguna Beach, CA 92651
506 N. Coast Hwy., Laguna Beach, CA 92651
506 N. Coast Hwy., Laguna Beach, CA 92651
506 N. Coast Hwy., Laguna Beach, CA 92651
506 N. Coast Hwy., Laguna Beach, CA 92651
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Craig Hulbert

Craig Hulbert

+1(858) 752-3447
$ 17,500,000
Est. payment | /mo

4 Beds

5 Baths

0.32 Acres Lot

Save Virtual Tour
$ 17,500,000
Est. payment | /mo
Save Virtual Tour

4 Beds

5 Baths

0.32 Acres Lot

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 Wall/Window, Other/Remarks

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

Virtual Tour https://youtu.be/LK3OdwUFRRU

MLS Router / San Diego MLS
Listed by Connie Maxsenti, DRE#00482592 Coldwell Banker Realty 

Nearby Locations

Craig Hulbert

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(858) 752-3447

craig.hulbert@exprealty.com

5530 La Jolla Blvd, La Jolla, CA, 92037, USA

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506 N. Coast Hwy.