Just one block to the Beach and Strand! Constructed in 1947 and consisting of two buildings, a detached single family residence and a four-plex situated on a (47.5 x 49.6) 2,352 sq. ft., R3 lot. The combined square footage of both structures is approximately 2,532. The unit mix consists of four studio-style units and one 1 bedroom, 1 bath unit. The building features copper plumbing, flat roofs, aluminum sliding windows, separate gas and electric meters and a master water meter. Adjacent properties have been redeveloped with multi-million dollar homes and townhomes. The alley along the south side of the property offers a developer flexibility in design and orientation. This is a renovation opportunity for an investor or developer to own, hold or develop a coveted beach location.