Laguna Beach has wide assortment of residential income property types from duplexes to single family homes and multi—units’ apartment buildings to water front estates, which appeal to any level of investor. Residential income property is a great real estate investment for many reasons including equity build-up, tax benefits and appreciation. Single family homes; recently have shown higher appreciation than many other types of property investment. Laguna Beach provides a unique situation in residential income property because these properties can be used as residential or vacation rental properties. Home prices begin at approximately $350,000 and range into the millions; prices vary depending on location, size, views and neighborhood amenities. Views vary depending on location and can include the Pacific Ocean, city night lights, rock formations, white water, the coastline and Catalina Island. There is both private beach access and public beach access in Laguna Beach. Students attend schools in the award winning Laguna Unified School District.