556 Through Street, Laguna Beach, CA 92651

Property Description

Incredible Investment Opportunity in the Heart of Laguna Beach! There simply isn't another property on the market right now with this much upside potential and a turn-key residence that's move-in ready! Welcome to your own private compound in the very center of Laguna Beach—just two blocks from the sand and one block from everything downtown has to offer. Set on an oversized FLAT 6,000 SF R2 lot with rare street-to-alley access, this reimagined coastal retreat offers space, charm, and incredible potential. This property can be added to the historic registry and has a strong potential for Mills Act approval - meaning up to a 60% reduction in property taxes! The single-level main home has been fully remodeled in 2025 with care and intention, blending modern comforts with timeless character. Inside, you'll find 3 bedrooms and 2 bathrooms, an open and airy layout, and finishes that speak to the relaxed sophistication of beachside living. Tucked at the back of the property is a brand-new, detached 408 SF ADU—perfect for guests, income, or a serene work-from-home space. The magic here is in the opportunity: with R2 zoning and alley access, there’s room to expand by adding a second residence and another ADU—unlocking both significant value and impressive rental potential. Outside, professionally designed landscaping and multiple outdoor living spaces make it easy to entertain, unwind, and truly live the Laguna lifestyle. Built-in BBQ, fire-pit, and room for a pool! This lot size and configuration is nearly impossible to find in the village of Laguna Beach. Whether you're looking for a turnkey beach retreat, a multigenerational compound, or an outstanding investment opportunity—556 Through Street delivers.