Step back in time with this charming single-story home, a true gem from the 1950s! Located just 4 homes away from the sand, this nicely maintained property offers the perfect blend of vintage character and coastal living. Imagine strolling to the beach anytime you desire, with the soothing sound of the waves just a short walk away. A unique investment opportunity awaits with this rare duplex (R2 zoning), located just five houses from the beach on the Balboa Peninsula. Imagine the possibilities for this property, which offers peek-a-boo ocean views and unlimited potential with the help of your architect and designer. Currently configured as two units, the lower level features two bedrooms, one bath, and a large front patio perfect for entertaining. The back upper unit is a remodeled studio, updated approximately within the last five years. On-site laundry is located in the garage, which also provides parking for two cars. Consider remodeling both units to take advantage of the high-demand ocean-close rental market, or convert the property into a single-family home with an attached ADU. This property qualifies for short term permit. Contact the city for further information.