Discover the perfect blend of classic charm and modern opportunity in this 1934 Spanish-style 2-on-1 duplex, located on nearly a quarter-acre in the heart of Kensington! This unique property offers unmatched privacy with no neighbors behind you and endless possibilities for living and investment. The main home features 3 bedrooms, 2 bathrooms, and 1,246 sq. ft. of living space adorned with timeless architectural details, and thoughtful updates to the kitchen and bathrooms. Adding to its appeal is a 368 sq. ft. studio with a private entrance, secluded deck, and backyard, generating $1,700/month in rental income. The versatile 368 sq. ft. studio unit could easily be converted into a stunning primary suite for the main home, creating a seamless extension of the living space. With its private entrance, deck, and backyard, this space offers the perfect opportunity to craft a luxurious retreat for additional living area while preserving the charm and functionality of the property. The spacious lot also includes a detached garage that can be converted into an additional unit, making this property an ideal choice for maximizing rental potential or enjoying multi-generational living. Whether you choose to live in the main home and rent out the studio or expand your income with additional units, this Kensington gem offers a rare opportunity to own a piece of history while offsetting your mortgage in one of San Diego's best neighborhoods.