A remarkable opportunity just minutes from the beach and the thriving Carlsbad Village. This expansive, nearly 20,000 square foot flat lot offers incredible versatility for those seeking a multi-generational compound, income-producing property, or future development potential. City planning guidance suggests that with current SB9 and California ADU laws, the lot may support two primary residences along with an ADU and JADU. Buyers to confirm with the City of Carlsbad. The existing single-story home features over 2,000 square feet of interior space, including four bedrooms and three bathrooms. A thoughtful layout includes a private wing with its own entrance, ideal for extended family or rental use. Two of the units are currently rented, offering flexibility for immediate occupancy or continued income. The property includes a detached garage, additional storage structure, and ample parking in both the front and rear. The spacious backyard invites endless possibilities, whether it's creating additional units, adding a pool, or designing a private outdoor retreat. Ideally located just a half block from Carlsbad High School and within walking distance to Valley Middle School, this home offers the perfect blend of location, size, and potential in one of North County's most sought-after communities. All information is believed to be accurate but not guaranteed. Buyers and their agents are advised to independently verify all details to their satisfaction.