Don't miss this unbeatable opportunity in the heart of Kailua! This spacious, Kama'aina-style home on the beach side of Oneawa offers three separate spaces — perfect for multigenerational living or rental income. The main level features 2 bedrooms plus an office or bonus area, 2 baths, a full kitchen, and a large, open living room that leads to a charming, covered lanai. Along the side of the house is a second dwelling – a large, legal 1 bedroom, 1 bath Accessory Dwelling Unit (ADU) offering permitted, long-term rental space with a full legal kitchen, high ceilings, and ample storage. A third living space on the upper level offers an additional 2 bedrooms, 1 bath, a large open living/dining area and a wraparound lanai to take in the gentle trade winds. So many options for multigenerational living or the ideal "house hack" – live in one and rent the others while you generate passive income! Just minutes to world-famous Kailua Beach and Kailua Town shops, dining, and farmers markets, and convenient to bus routes and all the highway accesses into Honolulu. Don't forget to see the massive attic storage area. This home offers flexibility and value at its finest!