Perfectly positioned just moments from the sands of Victoria Beach in South Laguna, this rare coastal triplex offers exceptional flexibility, ocean views, and compelling income potential in one of Orange Countys most desirable seaside enclaves. Ideal as a lifestyle investment, vacation getaway, or long term hold with strong upside, the property is uniquely configured with three independent living spaces, each featuring full kitchens and living areas. An increasingly rare opportunity near the beach. The upper residence enjoys sweeping Pacific Ocean and Catalina Island views through expansive windows, creating a light filled retreat with two bedrooms, one bath, a cozy fireplace, and a front row seat to coastal sunsets. Below, a one bedroom, one bath residence with a charming loft provides additional versatility, while a detached one bedroom cottage offers a private escape complete with its own stone patio and sun drenched deck . Ideal for guests or rental use. Throughout the property, open beam ceilings, abundant natural light, wood flooring, and inviting architectural details add warmth and timeless character. Two single car garages provide valuable off street parking. An undeniable asset this close to the sand. Whether enjoyed as a full time residence with supplemental income, a multi generational compound, or a pure investment play, the property offers multiple revenue streams and strong ARV potential in a premier coastal setting. Located just minutes from the Montage Resort, Victoria Beach with its iconic Pirates Tower, acclaimed restaurants, art galleries, and boutiques of downtown Laguna Beach, this is a rare opportunity to own a versatile, income producing asset while embracing the quintessential Laguna Beach lifestyle.