very unique and tremendous opportunity. Inspiring Cape Cod style home located in a premier area of the 'Tree Streets' in North Laguna Beach with walkability to shops, restaurants and the beach. Zoned R2, the property provides versatile options. The current owner has converted the property to be configured with a separate rental unit above the garage that has the potential to bring in an additional $3500/mo in rental income! Or it can be easily converted back into one large home with the removal of one wall. Light and bright, the home offers a functional layout and is designed with luxurious and tasteful finishes. Having been reworked by the seller, the front yard offers casual lounging terraces while the central courtyard, accessible through a series of French Doors, provides for private gatherings by the oversized outdoor fireplace. The main level with with its gourmet kitchen is flanked by open family and dining room spaces. An upstairs master suite includes a private balcony and luxurious carrara marble clad bathroom with dual sinks, heated floors, steam shower and soaking tub. Two additional ensuite bedrooms accompany the master on the upper level. Even more impressive is the rare four car garage and space for additional parking. Newly added temperature-controlled wine closet in the lounge. Wired for audio throughout, zoned heating and EV charging outlet in garage are additional perks of the property. Professionally designed hardscape and landscape throughout.