Charming Spanish-style home nestled in the coveted Alta Dena neighborhood of North Park, San Diego. This intriguing 2-bedroom, 1-bathroom residence presents an incredible opportunity for those seeking to create their dream home or make a lucrative investment. Single-story home is in need of some TLC & has been vacant for several years, its potential is simply awe-inspiring. Boasting a wealth of original fixtures & built-ins, this property is a treasure trove for buyers who yearn to restore it to its 1940s glory. Embrace the unique character & timeless charm as you envision the possibilities for modernization & renovation. Situated on a spacious 5,908 square foot rectangular lot, this property offers endless expansion opportunities. The long driveway leads to a detached single-car garage tucked away behind the home, providing ample parking options. Imagine the potential of adding two additional bedrooms & another bathroom to the existing house, & constructing a two-car detached garage with a 2-bedroom Accessory Dwelling Unit (ADU) featuring alley access. This presents a remarkable chance to enhance the property's value & functionality For owner-occupied buyers, it's important to note that, under SB 9, the lot could be split into two, allowing for the construction of two homes plus an ADU on each lot. This opens up a world of possibilities for multi-generational families, investors, or those seeking additional rental income. Current availability of 1,383 Full Home Tier 3 Short-Term Rental licenses in San Diego City, make this home a good possibility. Centrally located and walking distance to local parks like Balboa Park, Bird Park, Grape Street dog park, Balboa Golf Park, countless nightlife options, and an unbelievable number of award-winning restaurants, boutiques, and coffee shops, all located within a 1-mile walk. Once you are home you won't feel the need to venture far. ….