LOCATION, LOCATION, LOCATION!!! Nestled on a fully landscaped corner lot just one short block away from the ocean bluffs in the desirable Palisades area is where you will find this extremely well-kept five unit building. There are only a few buildings this close to the water and this is one of them. A few of the units offer ocean views and they all enjoy the cool climate and afternoon breezes that come with living along the California coast. Building does offer a very spacious 2 bdrm 2 bath ground floor owners unit with a fireplace and peeks of the ocean. Upgrades in 2020 include a new roof, new electrical panels, painted exterior and relandscaping. There is garage parking for 4 cars and additional off-street parking for another 2 cars. Witn no living units above the garage and a flat roof, it's very possible that an ADU or two can be built above the garages (buyer to verify). Community laundry room with coin-operated machines services the units. This is an amazing opportunity to own a legacy property in an area known for it's bluff-top parks, walking trails, nature preserves and all of the benefits associated with living next to the ocean. This type of location in any other local beach city would cost you much more. Drive by it and cruise the area to see how special this location really is.