Located just steps away from Gateway Park in Penn Valley, this flexible two level property offers space and opportunity, ideal for multi-generational living or the option to live on one level and rent out the other. The upper level lives like a 3 bedroom, 1 bath home with a semi open concept floor plan featuring a living room that flows into the dining and kitchen, a dedicated laundry, and a private deck accessed directly from the laundry room. A charming covered front porch adds the perfect spot to relax or entertain. The upper level could enjoy the front yard as its own outdoor space, while the lower level features a 2 bedroom, 1 bath layout with a kitchenette, living room with a natural gas stove, its own laundry, separate outdoor access, and an uncovered porch with the backyard as its own private space. Both levels benefit from central HVAC and an on-demand hot water heater, providing year-round comfort and efficiency. The layout lends itself to easy dual living potential. Set on a beautifully landscaped and highly usable .6 acre lot, the grounds are truly special with a seasonal creek running through the property, lush grass in both the front and back yards, mature palm trees, decorative rock retaining walls, and inviting outdoor spaces ideal for entertaining or everyday enjoyment. The majority of the property is fully fenced, excluding the front parking area, providing a safe environment for pets and play. The detached one-car garage features a single bay for parking yet offers additional room for storage and includes access to park a vehicle through a gate. On the backside of the house, there is also an attached storage area. Additional covered and uncovered parking rounds out the property's functional spaces. Conveniently located near local restaurants, shops, grocery stores, and everyday amenities, and typically below the snow line, this property is a unique opportunity to enjoy flexible living with space to grow in desirable Penn Valley. *County records show 3 bedrooms, 2 bathrooms, but the home is configured and lives like 5 bedrooms. Buyer to verify bedroom/bath counts, square footage, permits etc with county.