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A diamond in the rough! This rare-find property has great potential!! It's located in the prime neighborhood in lower Lunada Bay; one block from Paseo Del Mar and the bluff with some ocean views. It sits on an over 20,000 sqft lot with a flat backyard. This property has been neglected for many years due to an absentee owner. It needs major remodeling or renovation. The property has a wide 104 feet frontage with a circular driveway, 3-car garage and a gated entry to the front door. Open floor plan with lots of natural lights. Living room, formal dining area, kitchen, 4 bedrooms are on the main level. The large 5th bedroom with closet can be used as an office or upgrade to another bedroom suite. Family room and another bedroom and bathroom are downstairs. Fireplace in living room and family room. Some ocean views from the main level. A large flat backyard with a pool. Don't miss the permitted storage room or guest room or maid's quarter with 3/4 bath with a separate entry in the backyard which is not included in the 5 bedrooms. There is no water in the pool and it's a deep pool, please DO NOT walk near the pool! Only asking $549 per sqft. A great deal in this prime location!