561 Graceland Welcome to 561 Graceland Drive - where Laguna Beach's laid-back coastal soul meets serious versatility! This is the one you've been waiting for: a charming 2-bedroom, 1-bath cottage of approximately 800 sq ft PLUS a detached 300 sq ft studio ADU right behind it, all on one fantastic Laguna lot. Two dwellings, one address, and a lifestyle that sells itself! Step inside the front home and feel the Laguna vibe instantly! This sweet, cozy 2-bed, 1-bath cottage is classic beach-town living at its best - easy to live in, easy to love, and just the right size to kick back and soak up that famous Southern California sunshine. Low-maintenance, high-charm, all Laguna! And then there's the bonus: a separate 300 sq ft studio ADU right out back! Rental income to help with the mortgage, a private guest suite for visiting friends and family, a creative studio, a home office with a real commute of about 30 steps - you decide! Opportunities like this in Laguna Beach don't come along every day. So who is this property for? Anyone with a little imagination! Investors, you've got two units on one Laguna lot. It's currently tenant-occupied on a month-to-month basis, so there's income from day one and flexibility down the road. Looking for a multi-generational setup? Keep everyone close while giving each person their own front door. Or dream bigger: a live/work combo, an artist's retreat, a weekend escape with a guest house, a long-term hold in one of California's most coveted coastal towns. If you can imagine it, 561 Graceland can probably do it! Buyer to verify all tenancy terms and applicable regulations. Location? It's Laguna. Minutes to world-famous beaches, galleries, coastal hikes, sunset dinners, and the energy of downtown and Main Beach. Pacific Coast Highway, the art scene, the coves - it's all right here, waiting for you. Two dwellings, endless possibilities, one unbeatable town. Homes like this move fast - call today and come see it for yourself!