Rare opportunity in a prime Balboa Peninsula location! This unique corner lot on quiet Bay Avenue features two homes on one parcel—805 W. Bay, a charming 650 sq. ft. (approx) original beach cottage full of vintage coastal character, and 807 W. Bay, a two-story 3 bed, 2 bath home 1,293 sq. ft. (approx) with an attached 2-car garage. Situated on a 2,640 sq. ft. lot offering endless potential to renovate, reimagine, or build new. Both homes have all new windows while the 807 house has a newer roof as well. Cottage received a new tankless hot water heater. Both houses come equipped with washer and dryers. Just steps to the marina, Balboa Pavilion, and directly across from the beach. First time on the market in 50 years—don’t miss this exceptional coastal investment or development opportunity!