Variance granted Detached. This rare through-lot compound offers the ultimate Ocean Beach lifestyle with two homes on one lot spanning from W Point Loma Blvd to Lotus Street. The premier location puts the best of OB at your doorstep, with immediate proximity to the beach, Sunset Cliffs, and People's Organic Food Market. You are directly across from Robb Field's 68 acres of sports fields, tennis courts, and world-class skate park, with the vibrant dining and entertainment of Newport Ave just minutes away. The dual-street frontage is a rarity in the neighborhood, ensuring maximum privacy for both residences and providing the perfect setup for a multi-generational compound or high-yield investment. 4849 W Point Loma Blvd is a stunning example of classic Spanish architecture, with the original home built 1927-1930. The interior features exceptional curb appeal, warm wood finishes, original hardwood floors, a cozy fireplace, and a formal dining room. A large eat-in kitchen provides ample space for gatherings. 4846 Lotus Street features its own private street entrance and is perfect for a guest house or long-term rental, with a stable tenant of 24 years. Both homes wrap around a large, sun-drenched central courtyard. This is a unique opportunity to own a piece of Ocean Beach history with endless possibilities.