A rewarding opportunity to own one of CV Village's most versatile & desirable properties. Combining prime income-producing units & commercial frontage with private residential living, this beautifully renovated mixed-use property offers exceptional flexibility for investors, entrepreneurs, or those seeking a unique live-work lifestyle in one of Monterey County's most sought-after destinations. Discover how this former theater was transformed during a 2018 remodel, creating a modern great room with soaring ceilings, a gourmet kitchen, a fireplace, & expansive sliding glass doors that open to a private courtyard with mountain views, providing an exceptional indoor-outdoor living experience. The property is situated in the heart of CV Village, steps away from wine tasting, restaurants, coffee shops, grocery stores, & other amenities. The commercial & residential units generate $5,000+ in rent/month, which offsets the property taxes & er real estate carrying costs. The main residence is tucked away behind the commercial units, providing a private garden retreat for outdoor entertainment & relaxation. The property has a gated driveway finished with concrete pavers leading to a detached 1,517 sq. ft 4-car garage, featuring expansive attic storage, a tool crib, & other amenities.