First time on the market Located in the highly desirable Balboa Peninsula, this versatile 2 unit offers the ultimate coastal lifestyle and exceptional investment potential. Situated just steps from the sand and directly across from the beach, this property is also conveniently close to the pier, shops, and dining. The lower-level unit features a well-appointed 1-bedroom, 1-bath layout—perfect for a vacation rental or long-term tenant. Upstairs, the spacious 2-bedroom, 1-bath unit offers elevated living with added privacy and the potential for ocean breezes off the front enclosed sunroom. The property includes a 2-car garage plus two additional parking spaces—an invaluable amenity in this prime beachside location. Whether you’re looking for a smart investment opportunity or a flexible owner-occupied setup, this property delivers. Live in one unit and rent out the other or maximize income potential by leasing both. Don’t miss this rare opportunity to own in one of Southern California’s most sought-after coastal communities.