Calling All INVESTORS, 1031 Exchanges, and Southern California Beach Lovers. This property embodies Beach and CDM Village living at its BEST with NO HOAs - bonus for investors, it has an active Short Term Rental Permit. This detached freestanding one-bedroom home with additional flex space (used as an office with a separate entrance) is quality personified. The cottage features a fantastic open floor plan with many upgrades and exquisite details to help you live your best life. Wood floors, granite kitchen counters, stainless steel appliances, farmhouse kitchen sink, custom cabinets, overhead lighting, elegant marble bathroom, and a spacious primary bedroom (comfortably fits a King bed) with a custom closet are just a few upgrades. A stackable washer and dryer are located inside the home, off the hall, for convenience. A spacious front-covered indoor and outdoor balcony adds to the charm. There is an extra-large one-car garage and an additional flex space for a separate office or a chill room. This home is on the south side of the highway in Corona del Mar., Close to Goldenrod Foot Bridge for beach access, and some of the best restaurants and shops in Orange County are just minutes away. Fashion Island is just up the street. John Wayne Airport is a quick UBER ride away. The property has a coveted and current short-term rental permit for a savvy real estate investor or someone who would like to enjoy beach living and appreciate some short-term rental income.