506 N. Coast Hwy., Laguna Beach

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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