Perfect for your 1031 Exchange – this fully renovated 1920s home offers a healthy 6.5% cap rate and strong investment potential. Zoned OC and permitted as SFR, its flexible layout is ideal for 30+ day Airbnb or long-term rentals. The property features 5 rooms/"units" (3 are furnished); all with private entrances, kitchenettes, and bathrooms. Modern updates include a chef’s kitchen, real hardwood floors, 5 European-tiled bathrooms, 5-zone mini-split AC/heat pumps, common laundry facilities, and Nest Smart Home/Keyless Entry throughout. With 4 off-street parking spaces and flexibility for future uses (including potential ADU, or OC Office Commercial use), this property offers a unique blend of historic charm and high-end finishes. Profit and Loss details available on request.