1337 Gaviota Dr, Laguna Beach, CA 92651

• 10 beds
• 4,500 sqft

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 & S

Listing Status:

Active

Date Added:

October 26, 2025 at 05:00AM

Listing Office:

Kase Real Estate : 949-200-9818

Listing Agent:

Nick Brown : 949-310-6425

MLS ID:

CROC25247805

Interior

• Laundry: Laundry RoomInside
• Flooring: Tile
• A/C: Wall/Window Unit(s)
• Heating: Forced Air
• Disability Feature: See Remarks

Exterior

• General: Other
• Parking: OtherPrivateSide By Side

Construction

• General: ConcreteOther

Location

• HOA Amenities: 0.0
• County: Orange

Lot

• Zoning: 64421610
• View: City LightsPanoramicWaterOtherOcean

This listing courtesy of Nick Brown, Kase Real Estate