North Laguna (NL) Homes with Apartment Subtype

Welcome to North Laguna, an enchanting enclave nestled within the picturesque city of Laguna Beach, California. This vibrant region, located in Orange County, is renowned for its stunning coastal views, artistic spirit, and a laid-back lifestyle that captures the essence of Southern California living.

North Laguna is characterized by its charming residential streets, where historic cottages and modern homes blend seamlessly with the natural beauty of the coastline. The area is a haven for art lovers, boasting galleries, studios, and cultural events that celebrate creativity in all its forms. Residents here enjoy easy access to pristine beaches, scenic hiking trails, and lush parks, making it an ideal locale for outdoor enthusiasts and families alike.

Among the diverse housing options available in North Laguna, homes with an apartment subtype stand out as a unique opportunity for both homeowners and investors. These properties often feature spacious layouts, allowing for multi-generational living or rental income potential. Imagine living in a beautifully appointed home while having the convenience of an attached apartment, perfect for guests, a home office, or even a long-term rental.

The North Laguna community prides itself on its friendly atmosphere, where neighbors become friends and local businesses thrive. With its stunning ocean views, artistic vibe, and a variety of housing options, including homes with apartment subtypes, North Laguna is not just a place to live; it’s a lifestyle waiting to be embraced. Explore the charm of North Laguna and discover why so many call this coastal paradise home.

Newest North Laguna (NL) Homes with Apartment Subtype

$17,500,000

LG26020416 MLS ⋅ Active Status

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 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 again. A 14% Transient Occupancy Tax is paid to the City of Laguna Beach on stays under 31 days. Reservations are generated via Airbnb, Expedia, Booking.com, Visit Laguna Beach, and the property’s private website. Seller will only sell both parcels together. Sale subject to a concurrent 1031 exchange

506 N. Coast Hwy., Laguna Beach

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