This rare Solvang investment opportunity features a multi-unit property spanning two streets, offering the flexibility to live in the main home while renting the duplex, or lease all three units for maximum income potential. The main home, located on Elm Avenue, features 2 bedrooms, 1 bathroom, plus an additional bonus room. Charming cottage-style details, a cozy fireplace with a custom mantel, and a fenced side and backyard that includes a large Tuff storage shed. Separately situated on Fir Avenue, the duplex provides rental income or multi-generational living. Unit A offers 1 bedroom and 1 bathroom. Unit B offers 2 bedrooms and 1 bathroom. The property also includes two 2-car garages with laundry hook-ups in both, complementing its functionality and appeal. All units are separately metered for utilities, enhancing convenience and long-term investment value. Ideally located near schools, parks, shopping, restaurants, and Solvang's renowned wine country attractions, this property offers an exceptional blend of lifestyle, flexibility, and income potential.