Located South of Coast Highway on one of the coveted Flower streets, this nicely remodeled duplexwith a bonus studiopresents an exceptional opportunity for Investors, Developers, or Owner-users alike. Each of the two charming bungalow-style units offer 2 bedrooms and 1 bathroom, thoughtfully updated for modern comfort, while the additional studio provides extra rental income potential. Positioned just steps from the vibrant Corona del Mar Village and within a short distance to the areas iconic beachesincluding Main Beach and China Covethe property sits on a 3,540 sq ft lot surrounded by beautifully renovated and newly constructed homes, ensuring strong long-term value or an amazing opportunity for your next development project. With R-2 zoning you could have the option to live in one unit and rent the others, hold as a high-performing income property, redevelop into two large luxury condos, or possibly build your dream home by the sea with an ADU. Enjoy unmatched proximity to CDM Villages cafs, boutiques, fine restaurants, freeway access, and Fashion Island. Families will appreciate inclusion in the top-rated Newport Harbor Unified School District and nearby childrens park that further enhances the propertys lifestyle appeal. Dont miss this rare chance to own a versatile and valuable property in one of Orange Countys most sought-after coastal communities.