Rare renovation or redevelopment opportunity to create your next dream home! Enjoy the best of beach living from this excellent location on a quiet street in the quaint artistic enclave of Laguna Village. This home is just a few blocks to the beach and is walking distance to the fabulous shopping and restaurants in downtown Laguna Beach. Elevated above the street, this home is situated to maximize ocean views. The neighborhood itself is beloved by its residents with its historic cottages and lovely gardens creating the perfect setting for long summer evening strolls. Features an 1140 sq ft home on a spacious 5000 sq ft lot with ocean views that are visible throughout the property, including the front yard, inside the home, and in the large backyard as well. The possibilities are exciting and endless!