Vintage beach cottage charm abounds in this adorable R2-zoned Balboa Peninsula bungalow located just steps from both the bay and the beach. Extensively remodeled in 2016 the cheerful two bedroom, one bath single level front home features a welcoming open floor plan highlighted by custom millwork, a professional-grade kitchen with antique wood center island, a cozy brick fireplace, and direct views to the bay front. There is a delightful one bedroom, one bath apartment with its own separate entry that is situated over the two car attached garage. This tidy space enjoys water views and abundant sunlight and serves as a perfect private space for visiting guests or as an income generating rental unit. A sunny front patio lends itself to barbeques and neighborhood fun. This charming property affords tremendous flexibility of space, and may qualify for a short-term vacation rental permit. It can also easily be expanded upon creating a two-story water view single family home. A fantastic opportunity that is an easy walk or short bike ride to restaurants, shops and all that the Peninsula has to offer. The ideal vacation get-away home.