SHORT-TERM RENTAL PROPERTY. Located on the sand in Laguna Beach with direct beach access, Sunset Cove Villas is an 8-unit multifamily investment opportunity. The property has 8 short-term rental permits with a unit mix range of one-, two-, and three-bedroom floorplans. All units include private outdoor space, entertainment system, fireplace, new vinyl window & sliders, canned lighting, forced heat & A/C, upgraded gourmet kitchen, upgraded bathrooms and ocean views.