An incredibly rare offering in the heart of Fountain Valley! This 3-story, 3 bed / 3 bath, 1,920 sq ft duplex-style condo is the largest floor plan in the highly sought-after Los Caballeros community. Designed for flexibility and income potential, this unique property offers two independent units with private access while benefiting from only one HOA and one tax bill. Main Unit features 2 bed / 2 bath, 2 stories, newer flooring, wainscoting, upgraded counters in kitchen and baths, never lighting, in-unit laundry room, generous cabinet space and storage, private balcony and spacious open layout. Second Unit is a 1 bed / 1 bath with private entrance on the top floor and ideal for rental income, guests, extended family, or home office. Well-maintained, smoke free, gated and amenity-rich community with access to pools, spas, BBQ areas, and lush landscaping. Ample guest and open parking and one assigned covered parking space in a gated shared community garage. Located just steps from Los Caballeros Sports Villagehome to the largest private pickleball facility on the West Coastoffering an Olympic-size pool, tennis, basketball, volleyball, weight room, fitness classes, and more (membership required). This type of versatile, income-producing property is rarely available. Whether you're an investor or a live-in landlord, this is an opportunity you don't want to miss.