The subject property consists of two parcels located at 3056-3162 Carlsbad Blvd in coastal Carlsbad steps from the beach. The front parcel is part of the Village and Barrio Master Plan in the Hospitality district. The back parcel is zoned for Multi-Family Residential. Permitted uses include hotel, bed and breakfast, residential mixed-use, restaurant, winery, brewery and more. The subject property currently has 11, fully leased multi-family units offering a buyer passive income while redevelopment plans go through the approval process.