Located in the desirable Cuesta by the Sea neighborhood of Los Osos, 1940 Aspen offers flexibility thats hard to find in this price range. Just minutes from the bay, Sea Pines Golf Resort, and miles of scenic coastal trails, the location alone makes this one stand out. The home is configured to provide multiple living options, making it ideal for those looking to offset ownership costs or accommodate extended living arrangements. With separate living spaces already in place, theres a clear opportunity for rental income, guest quarters, or a live-in-one, rent-the-other setup. The main living areas are comfortable and functional, with good natural light and an easy flow between spaces. Each area offers privacy and independence, giving the property a versatility that works for a range of uses. County records reflect 2 bedrooms, though the floor plan provides additional flexible living space that may function similarly to a 3 bedroom setup. Buyer to verify to their satisfaction. Outside, the yard provides usable space for relaxing or light gardening, with room to make it your own. Detached cedar-finished bonus structure provides flexible space for hobbies, a studio, workshop, office, retreat, or storage. The setting feels tucked away while still being close to everything Los Osos has to offer. Cuesta by the Sea is known for its quiet streets, coastal access, and proximity to Montaa de Oro State Park, Morro Bay, and San Luis Obispo.