Introducing a charming and meticulously remodeled two-bedroom, one-bath home nestled in the heart of the downtown Village area of Arroyo Grande. Boasting a prime location, this residence presents an ideal opportunity for both short-term rental income and full-time residency. Upon entry, you are greeted by a thoughtfully designed interior that seamlessly combines modern amenities with classic village charm. The home features a fully equipped kitchen, a cozy living area, and two comfortable bedrooms, offering a warm and inviting atmosphere. Outside, the property's fully fenced backyard provides a private oasis with a view of the bustling downtown village, creating a serene retreat for relaxation and entertainment. Notably, the home shares a part of the historic wall, adding to its unique character and appeal. Convenience is key with the inclusion of a shop garage area, providing a great workspace and additional storage. This includes a laundry room area as well! An exceptional feature of this property is the option to transfer the short-term use, making it an attractive investment opportunity. This is a rare opportunity of historical charm, modern comforts, and versatile potential, making it an appealing choice for those seeking a delightful residence or a lucrative investment in a sought-after location!