Exceptional development opportunity in prime Ocean Beach! Located just one property away from the oceanfront, this RM2-4 zoned property is mostly level and situated on a rare corner lot with street and alley access. Occupying just a fraction of this lot's potential is an existing 2-story duplex with 1BR plus office/1BA downstairs and 1BR/1BA upstairs. Alley corridor ocean views from upstairs and shared laundry shed downstairs! Both units have approximately 660sf of living space and are in need of repair and updating. Existing building sits elevated off street at back of the lot and has two uncovered driveway parking spaces. Amazing location within walking distance to Ocean Beach business district, restaurants, coffee shops, OB Pier and Sunset Cliffs. Great potential for savvy buyer to develop this lot into a spectacular single family home or 2 new units!