This incredible beachside retreat is located just three houses from the sand on the coveted Balboa Peninsula. Situated on an oversize R-2 zoned lot with a rare abundance of parking the property is quite unique. The 3 bedroom, 3 bath front unit, perfect for the “owner's unit,” offers a spacious open living room/dining room/gourmet kitchen and main level bedroom. A private master suite with terrace, spa bath and a large walk in closet. The front unit also has a spacious enclosed front sitting area perfect for BBQing while enjoying the ocean breeze as it passes by or for entertaining friends. The back house is a 3 bedroom, 2 bath, plus den, two story floorplan with an upgraded beautiful kitchen dining and living room that opens to a sunny deck. Topping off the amenities, this home offers up to 5 parking spaces, tons of storage, separate laundry, ample entertaining areas. Located in a prime location in one of SoCal's most desirable areas, the property has been used as a vacation rental generating over $200,000 in rental income.