Tremendous duplex with incredible rehab or development potential, located in prime Santa Monica close to the ocean. Restore this rare emotional Spanish beauty to her original glory, or completely re-imagine the site on this spacious 7,526 sf lot. Positioned perfectly, just east of Lincoln Blvd and south of Montana Ave, the property's strategic location offers compelling fundamentals for any potential owner-user or developer, including abundant entertainment and dining amenities and convenient access to employment hubs. Once you set foot inside this sunny 1927 treasure, you'll discover its rare bounty of character and intrigue with original hardwood floors, intricate crown moldings, decorative fireplaces, Spanish tile details, original hardware and light fixtures, and remarkably well-preserved built-ins in the formal dining rooms. The spacious upstairs unit boasts 3 bedrooms, 3 baths, plus sun room, loft, adorable nook with built-in desk, walk-in cedar-lined closet, and balcony overlooking the backyard. The downstairs unit is currently divided for use as a 1 bedroom/1 bath with sun room and an additional 1 bed/1 bath plus large family room with a separate entrance. Large backyard with beautiful mature trees including kumquat and bottlebrush, and 4 one-car garages plus storage with direct alley access. This expansive trophy property, zoned R2, is ready for its next steward and creative iteration. ADU opportunities abound. Fabulous Santa Monica school district with easy access to fine dining and shopping on Montana, including Buena Vida Tea Bar & Garden, Bottled Poetry Fine Wine & Spirits, Father's Office, Fireclay Tile, R&D Kitchen, Rory's Artisanal Creamery, Sogno Toscano Caf & Wine Bar, and mere minutes to the beach. This one-of-a-kind opportunity will steal your heart.