Is it finally time to make that beach home dream a reality? Unique opportunity in North Morro Bay - this versatile 1,666 sq ft property is ideal as a beach retreat, income-producing investment, or BOTH. The upstairs unit offers 2 bedrooms and 2 baths, vaulted ceilings, an open living/dining/kitchen flow including a sweeping wraparound side/front balcony, perfect for outdoor living with peek-a-boo white cap ocean waves and sunset views; the primary suite includes mirrored closets and a private bath with dual sinks and a walk-in shower. The additional upstairs bedroom is spacious and shares the guest bath which offers dual sinks and shower / tub combo. Downstairs features a separate 1-bedroom, 1-bath apartment with kitchenette and private entrance - perfect for rental income, guests, or multi-gen living - while interior stairs connect both levels to a 2-car garage, laundry and extra storage or living space that could serve as a fourth bedroom. Practical highlights include dual access from Fir St. and Greenwood, ample covered parking, yard area, and plenty of street parking. With its flexible floorplan and proximity to the sand, this North Morro Bay home is a rare find - schedule a showing to see its potential now.