Millman Team Real Estate

$17,000,000
0.24 Acre Lot

1337 Gaviota Dr, Laguna Beach, California 92651

  • Commercial Sale Property Type
  • 1972 Year Built
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!

Basic Details
Commercial Sale
For Sale
OC25247807
$17,000,000
1972
0.24 Acre
Active
Multi Family
: Flat
Features
: Forced Air
: Wall/Window Unit(s)
: Wrought Iron, Security
1.0
: Inside, Laundry Room
: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Connected, Phone Connected
: Ocean Front, Beach Access, Beach Front, Ocean Access, Ocean Side Of Highway
$0
Address Map
CA
Orange
Laguna Beach
92651
Gaviota Dr
1337
PCH to Mountain, right on Gaviota
LV - Laguna Village
Additional Information
$0
$0
$0
$0
$0
4500
: Drywall, Concrete
Standard
1
: Walkstreet, Bluff, Near Public Transit, Street Level
4
2025-10-26
2
: Public
Broker/Agent Information
Kase Real Estate
Nick Brown
Listing Information
OCBROWNIC
OC16700
Cash,Cash to New Loan,Conventional,1031 Exchange,Lease Option,Owner May Carry
Active
2025-11-05T22:52:15Z
CRMLS
: Standard
2025-10-26T23:46:29Z
Agent info
Ray Millman
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