Premier Old Town position featuring 3 units and capacity for 4 additional units. Outstanding value add and development upside. Directly across from San Diegos Historic Old Town Park, this rare Spanish style compound blends timeless architecture with modern updates, versatility, great income and higher income potential. The main residence sits privately at the rear of the property and spans approximately 2,000 square feet. It features two bedrooms, two bathrooms, and an optional third bedroom or office. Arched openings, classic accents, and a warm stucco exterior mirror the character of Old Town, while the attached garage, inviting front patio, and private backyard provide comfort and privacy. The home has been thoughtfully updated while preserving its charm. At the front of the property, a duplex offers two one bedroom and one bath units. Each unit has been updated and includes its own yard, its own laundry room, and a dedicated garage space. A third structure holds two additional one car garages and separate laundry rooms. There is also ample off street parking for all units. All utilities are separately metered, and the property will be delivered vacant, allowing flexibility for owner occupancy, long term leasing, or short term rental use. There is potential to add ADUs, garage conversions or additional units. This is a rare opportunity to own a character rich, updated, income producing property in one of San Diegos most historic and walkable neighborhoods, steps from iconic dining, shopping, and cultural attractions.