This gated Laguna Beach residential compound, “Laguna Vista,” is perhaps the most attractive and versatile "Three Beach Villas" currently available in the Orange County real estate market. This property offers 3 Spectacular beach villas with great income over $300K. Potential to expand and create additional income and increase in Value. Nestled on an approximately 7,200 sq. ft. lot immediately adjacent to the Cress Street Beach steps, and with parking for at least 6 vehicles, it is a rare and incredible value and shines as a possible family complex, multiple lucrative beach rentals, or both. Its 3 lovely single-level villas offer a total of 8 bedrooms, 5 full baths plus a half-bath. The compound rests a short walk or ride from restaurants and shopping in one of the area’s trendiest neighborhoods, the Hip District. Completely renovated and incorporating the finest materials and fixtures, each of the homes is worthy of the most discriminating guests or family members. Wide-plank wood and tasteful tile floors, recessed lighting, crown molding and tray ceilings, high-end stainless kitchen appliances, and luxurious bathrooms are only a few of the features contributing to the ambiance of casual sophistication. An expansive, multi-level central courtyard features 4 fire pits and seating, with views of the ocean and spectacular sunsets. The rare Laguna Beach short term rental license conveys with the property.