Discover this expansive and unique ocean view multi unit property in Cardiff by the Sea, where only your imagination sets the limits. This coastal property offers endless possibilities, whether you seek an investment opportunity, a coastal development project (set on 5 lots w/2 APNs), or a flexible arrangement for generational living. Nestled on a large parcel in the coveted Walking District, this property features three distinct units just moments away from beaches, shops, and restaurants. The main house is a beautifully updated 1950s mid century modern 3 bedroom, 2 bath home that retains its timeless beach bungalow charm. Enjoy the huge backyard, perfect for outdoor living, entertaining, and gardening. The fully remodeled studio unit boasts a spacious and functional floor plan, complete with an adorable private yard and garage. Above the garage, the 1 bedroom, 1 bath unit features an open layout, stunning ocean views, and a generous ocean view deck. Additionally, an upper level rooftop deck provides even more opportunity to relax and take in the breathtaking ocean vistas. With ample parking and a 14,872 sq ft lot, this property offers abundant opportunities for expansion and development. Included in the listing are detailed photos showcasing the layout and floor plans of each unit, as well as video walkthroughs to give you a comprehensive view of this remarkable property. Seize the chance to own a piece of paradise offering the best of coastal living. Whether for investment, development, or creating a friend/family beach compound, this property delivers so much opportunity.