Property Details
About this Property
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 caterer’s kitchen and expansive veranda/sunroom, used for special events and owner’s 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 us
MLS Listing Information
MLS #
CRLG26020416
MLS Source
California Regional MLS
Days on Site
2
Interior Features
Kitchen
Exhaust Fan, Pantry
Appliances
Built-in BBQ Grill, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Microwave, Other, Oven - Double, Oven - Gas, Oven Range, Oven Range - Gas
Laundry
Community Facility
Cooling
Central Forced Air - Electric, Other, Window/Wall Unit
Heating
Multi Type, Wall Furnace
Exterior Features
Roof
Composition
Style
Bungalow
Parking, School, and Other Information
Garage/Parking
Garage: 8 Car(s)
Water
Other
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 4 | 8 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
506 N. Coast Hwy. is a Residential Income in Laguna Beach, CA 92651. This – square foot property sits on a 13,774 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $17,500,000 and was built in 1920. This address can also be written as 506 N. Coast Hwy., Laguna Beach, CA 92651.
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This listing information is up-to-date as of February 02, 2026. For the most current information, please contact Connie Maxsenti, (714) 745-0027
