PRICE REDUCTION! This Duplex property is being offered for the first time in over 63 years. LOCATED 1 BLOCK FROM THE PIER, BEACHES AND WALKING TRAIL, and 2 BLOCKS TO DOWNTOWN AVE. DEL MAR RESTAURANTS AND SHOPS. Unit #A is two stories with 2 BDRMs/ 2 BATHs. The Living room has wood shutters, carpeting, fireplace, and French Doors leading to the patio area. Large dining room with hardwood floors. Remodeled first floor Bathroom with decorative tiles on the countertop, floors and walk-in shower. The remodeled kitchen has newer appliances, upgraded cabinets and countertops, plus a breakfast bar. There is a large kitchen panty in the hall, leading to the laundry room with Washer/Gas Dryer hook-ups. Two Bedrooms upstairs with carpeting, and a shared, upgraded full bathtub/shower. BDRM #1 has floor to ceiling bookshelves. and a north-facing balcony. BDRM #2 is also carpeted with a large closet. Dual-pane windows have been installed in the home. The private brick patio area has fully enclosed wood fencing, offering ocean breezes for a relaxing setting. UNIT #B is single level with walk-up stairs, 1 BDRM/1 FULL BATH. The comfortable living room leads to an upgraded kitchen with stackable Washer/Dryer. Stairs lead to the attached garage below with parking space for two smaller cars. There is additional storage space in the garage, plus a beach shower. 401-403 Arenoso offers an excellent investment property on an R-2 lot, or as an Owner occupied opportunity plus short-term vacation rental or long-term rental income. 401 Arenoso is located in the San Clemente "Pier Bowl Specific Plan" area, and qualifies for a Short-Term Lodging (STLU) operating license, upon city approval and issuance of the permit. There is a Video tour of the property attached to the Listing remarks.