Located in the heart of The Village, this unique property offers multiple opportunities for a beach-close lifestyle. The classic Laguna two-bedroom cottage located at 391 Saint Ann's is privately situated with two large yards and patio. Around the corner at 821-827 Catalina is the two level duplex offering two bedrooms in each remodeled unit. The arrangement is ideal for a buyer looking to live full-time or part-time in a Village residence and benefit from the two-unit income around the corner. Or, for the investor looking for the solid income from three two-bedroom residences. The cottage boasts oak flooring, traditional tiled counters, paned glass, fireplace, large bedrooms and a sunlit dining area. Front and rear yards are fenced with plenty of gardening and recreation space. The lower duplex unit offers two new bathrooms, new kitchen, flooring, lighting and private patios. The upper duplex unit also offers a new bath, wood floors, beamed ceilings, oversized kitchen and spacious living room with adjacent private deck with city and peek ocean views. Two single garages and four off-street spaces provide parking. Leave those cars however as this location is stunning with 5 minutes stroll to the beaches, restaurants, groceries, nearby park and 15 minutes to Forest Avenue and Main Beach. Opportunities abound .... beach is calling.