170 - 176 Wave Street in North Laguna Beach is a four unit residential income property located on the beach side of Pacific Coast Highway, The property is comprised of two, two bedroom and one bath units, one, one bedroom and one bath unit and one studio unit with one bath (the studio unit is considered a bootleg unit). The units are vintage Laguna cottages conveniently located down the street from Shaw's Cove and to downtown Laguna Beach with all of its finest shops and restaurants.