Just a block from the beach and the bay, this generously proportioned, turn-key duplex presents a wonderful investment opportunity in one of the very best locations on Balboa Peninsula. Upstairs a fabulous four bedroom owners' unit offers expansive light, bright living space. The vaulted ceiling great room with fireplace adjoins a sunny kitchen with breakfast bar and dining nook. The large sunny terrace offers pleasing views of the tree-lined street and fun-filled beach locale. Four commodious bedrooms, two remodeled baths and private laundry complete the upper unit. The lower level three bedroom, two bath unit has been freshly painted and carpeted and is ready to roll! The living room has its own fireplace and sliding doors that open to a private front patio. A large two car garage completes this wonderful income opportunity that is uniquely well-suited for an owner/resident to live steps from the sand and benefit from income below. Don't let this one pass you by!