Rarely does a North Pacific Beach property present this level of flexibility, income, and long term upside. Situated on an oversized 7,221 sq ft lot just 0.2 miles (a 5 minute walk) from the beach, this two unit property is a compelling opportunity for investors, second home buyers, and developers alike. The existing improvements include two 2 bedroom, 1 bath units, each with its own private outdoor space and one car garage. Both units are lightly updated, featuring refreshed flooring, and are currently operated as proven short term rentals. Ocean views are already captured from one unit, with the potential to enhance views through future development. Zoned RM 2 5 and located within the Complete Communities Housing Solutions (CCHS) area, the property unlocks a wide range of redevelopment pathways. Options include converting the garages into two studio ADUs, reconfiguring or expanding to four standard units, developing five condominiums, or pursuing a higher density project of up to 14 units (subject to buyer verification and entitlements). A 30 foot height limit and 2.5 FAR further support the sites development potential. Located within the La Jolla school boundaries and surrounded by primarily residential uses, this is a rare chance to acquire a high performing coastal asset with meaningful current income and exceptional future optionality just moments from the sand. Rarely does a North Pacific Beach property present this level of flexibility, income, and long term upside. Situated on an oversized 7,221 sq ft lot just 0.2 miles (a 5 minute walk) from the beach, this two unit property is a compelling opportunity for investors, second home buyers, and developers alike. The existing improvements include two 2 bedroom, 1 bath units, each with its own private outdoor space and one car garage. Both units are lightly updated, featuring refreshed flooring, and are currently operated as proven short term rentals with strong performance. Ocean views are already captured from one unit, with the potential to enhance views through future development. Zoned RM 2 5 and located within the Complete Communities Housing Solutions (CCHS) area, the property unlocks a wide range of redevelopment pathways. Options include converting the garages into two studio ADUs, reconfiguring or expanding to four standard units, developing five condominiums, or pursuing a higher density project of up to 14 units (subject to buyer verification and entitlements). A 30 foot height limit and 2.5 FAR further support the sites development potential. Located within the La Jolla school boundaries and surrounded by primarily residential uses, this is a rare chance to acquire a high performing coastal asset with meaningful current income and exceptional future optionality just moments from the sand.