ESCROW JUST CANCELED! HURRY! THIS CHARMING COTTAGE HAS BEEN IN THE SAME FAMILY FOR MORE THAN 58 YEARS AND IS NOW NEW TO THE MARKET! IN A TRUE FIXER CONDITION WITH UPSIDE POTENTIAL, THE PRICE IS NEGOTIABLE FOR A QUICKER SALE! IT MAY BE POSSIBLE TO ADD A SECOND STORY TO ACCOMMODATE AN EXCELLENT OCEAN VIEW AND THIS WOULD NEED TO BE VERIFIED WITH THE CITY OF LAGUNA. THE HOME CURRENTLY OFFERS THREE BEDROOMS AND ONE BATHROOM. TWO BEDROOMS ARE LOCATED ON THE MAIN LEVEL AND ONE BEDROOM IS BELOW GRADE. THE LOT SIZE IS 2500 SQ. FT. WITH TWO SEATING DECKS. BRING YOUR CREATIVE SKILLS AND RETURN THIS DIAMOND IN THE ROUGH TO ITS ORIGINAL GRANDEUR! THIS PROPERTY WAS BUILT IN 1923 AND MAY QUALIFY FOR LOWER PROPERTY TAXES IF ALLOWED TO BE LISTED AS A HISTORICAL PROPERTY UNDER THE MILLS ACT!