Opportunity is knocking right in the heart of Carlsbad Village! This pristine single level restored vintage cottage offers the beach lifestyle with the convenience of urban living-within walking distance to vibrant Carlsbad Village! The picture perfect 1347 sq.ft. main "Coastal Cottage" has 3 bedrooms, 2 baths with a charming updated kitchen. The newly added 3rd bedroom suite with bath, private living area and kitchenette, which can be a separate rental unit. The main Coastal Cottage has just been updated with brand new subway tile walk-in shower, restored Fir hardwood floors, Alder doors, period lighting and ceiling fans in the bedrooms (Central A/C too). Al Fresco side yard with BBQ and fully fenced park-like front yard for Coastal Cottage exclusively. Inviting front dining porch to toast the sunset and peek-a-boo ocean view. Enjoy the sandy beaches, coffee shops, trendy brewpubs, cafes, restaurants, shopping, Farmer's Market and proximity to the Coaster station just blocks away. The property is currently a permitted Bed & Breakfast/Vacation Rental located in Carlsbad Master Plan V-G (Village General) area with flexible zoning and density. Unique corner lot has driveways on two streets for maximizing parking. There is also separate 1 bedroom/1 bath guest "Hideaway Cottage" on the property with its own sunny patio. The 513 sq/ft Hideaway Cottage has just been updated with brand new subway tile walk-in shower. The property has multiple uses and configurations to make it possible for all buyers. This is an investor's dream located on a corner lot with prime visibility near all our coastal treasures.