Situated in the vibrant heart of downtown Pismo Beach, “Casa de las Olas” is a beautifully updated Spanish-style residence offering exceptional flexibility, timeless character, and enviable proximity to all the Central Coast has to offer. Designed as a two-level home with dual living spaces, this property is ideally suited for vacation rental income, multigenerational living, or a luxurious coastal retreat. Each level features its own private entrance, along with a fully equipped kitchen, laundry area, bedroom, bathroom, dining area, and living room. A central staircase connects the units, but doors at either end can be closed off for enhanced privacy, allowing the units to function independently if desired. The upper level offers an additional lounge area at the rear of the home, perfect for gathering or relaxation. Both interiors showcase a tasteful blend of modern finishes and coastal elegance, complementing the home's classic Spanish architecture. The oversized lot offers enclosed-gated parking for up to 6 vehicles! The lot offers pedestrian and vehicle access—with keypad entry—provides added security and convenience, leading to a welcoming front entryway just steps from the driveway. From the upper level, enjoy sweeping views of the charming Pismo Beach landscape, along with peek-a-boo ocean vistas that hint at the surf and sand just steps away. Whether you're drawn to the lifestyle, the investment potential, or the architectural charm, this exceptional property captures the very best of beachside living.