346 Y Pl, Laguna Beach, CA

REDUCED $500K FOR IMMEDIATE SALE!! BIG UPSIDE POTENTIAL!! DEALS LIKE THIS DON'T COME ALONG OFTEN, SO ACT QUICKLY--OWNERS WANT THIS SOLD WITHIN ONE WEEK!! THEIR LOSS IS YOUR GAIN. Purchase this adorable 2BR/1BA beach cottage on a HUGE R-3 lot with sweeping ocean views AND get APPROVED plans to build two side-by-side 2500 sf condos. Over $200k spent during 2 year approval process with ready to build plans including architectural, engineering, landscape and coastal permits. The contemporary condos will have 3BR, 3BA, great room with walls of glass, unobstructed ocean vistas, ocean view decks (incl. rooftop), rear patio w/spa, gourmet kitchen, 2 car garage and elevator to all levels. The existing beach bungalow has white water ocean view deck, remodeled kitchen and bath, private yard, cozy fireplace, 1 car garage and dutch door to let in the cool ocean air. Located just above the village-minutes from shops, restuarants and main beach. Best Offer wins but come quickly! Owner may carry.