Panoramic Coastline Views from this ideally situated (just 5 houses from the sand!) income generating property in Victoria Beach. With generous ocean view decks and lush garden patios on each level, this stunning beach charmer is a short stroll from The Montage Resort and steps to shops and restaurants in the Laguna Village area. Beach Access is easy - down a gentle ramp to the sand and just around the corner from the iconic Victoria Tower. The Top "Penthouse" unit has a brand new gourmet kitchen, two bedroom suites, a large living room with cozy fireplace and high-beamed ceilings. The expansive deck/patio with outdoor dining and Living areas has spectacular ocean views of the Coastline to Catalina Island. The second level has a two bedroom unit with a generous wrap-around deck on two levels with ocean views, alfresco dining and living/entertaining areas. A charming one bedroom main level apartment and studio are surrounded by beautiful gardens and each have their own private patio areas. The entire property is gated and landscaped with lush tropical gardens, back and side yard areas and mature trees. Ample parking with a 2 Car Garage, a Carport and two additional spaces. Rare opportunity to live and derive (verifiable) lucrative income on the ocean side of Coast Hwy in beautiful Victoria Beach! The local Laguna Beach Free Trolley stop is conveniently located just around the corner along with Drake's Jazz Lounge and Fine Dining. Dizz's Restaurant, Ruby's, Starfish and 5 Star dining at The Montage as well as Gelson's and the Treasure Island marketplace - are all steps away.