"HISTORIC GEM" in downtown Laguna Beach. This amazing property has been owned by the same family for over 40 years! It consists of 4 separate buildings totaling 5,865 sq.ft on a 6400+ sq.ft. lot. There are 8 units consisting of studios, one bedroom, 2 bedroom and 3 bedroom units. There is the ability to lease 2 of the units as commercial spaces. Finding this number of rental units in downtown Laguna is virtually impossible. This property truly exemplifies the charm of Laguna Beach with it's large beautiful patios, wood framed windows, hardwood floors and a true feeling of the historic past. It offers someone the opportunity to generate significant and steady rental income with consistent growth. One could also keep a unit for themselves, for those much needed weekend getaways. The possibilities are endless. Do not miss this opportunity to own a beautiful and historic part of Laguna Beach.