An exceptional property perfect as a main residence for beach or vacation living with two income producing units on site or as a vacation compound with three separate living quarters. It is situated within walking distance of the Village, Main Beach, the Festival of Arts & Pageant of the Master’s, the Sawdust Art Festival, emblematic restaurants, specialty shops and the iconic Laguna Hotel. The vistas from the main home are framed by the stunning backdrop of the Pacific Ocean and the adjacent Laguna Beach hillsides, which make this completely renovated North Laguna triplex one of a kind. Built in 1948, this residence has been lovingly restored to maintain the character of a quintessential Laguna Beach cottage while incorporating many modern and designer upgrades throughout the three units. The professionally landscaped property has custom exterior lighting, a bubbling fountain, built-in raised organic vegetable garden and mature trees screening adjacent properties for added privacy. The three units are comprised of a 2003 square foot, three-bedroom, two bath main unit with a large ocean view deck, a 552 square foot studio apartment under the main unit with a large outdoor terrace and garden, and a 688 square foot one-bedroom, one-bath free standing house with large wood-burning fireplace and a peek-a-boo ocean view.