Situated on a quiet residential street just a few blocks from the beaches, shopping and dining in the iconic Village of Laguna Beach, this unique property offers the home owner many options not often found in such a perfectly located home. The primary residence consists of a detached two-bedroom, two-bath home which has recently been upgraded with new flooring, new windows and a modernized kitchen. The cozy living room features a wood-burning fireplace and the home enjoys an enclosed front yard providing additional private space for entertaining and outdoor living. In the rear of the home there is a sunny one-bedroom apartment situated over a two-car garage along with additional guest quarters. The flexibility in this property allows for several possible options including the owner occupying the detached home and collecting rental income of approximately $2525 per month. Combining both location and functionality, this property offers one of the best opportunities in Laguna Beach