535 S Carancahua St is a unique mixed-use residential property totally remodeled and updated, located along the desirable Carancahua corridor, offering oceanfront water views from the porch and exceptional zoning flexibility. The property allows both residential and limited commercial uses, including multifamily housing, professional offices (such as law, medical, or insurance), small retail or service businesses, and live/work or mixed-use configurations. The property totals 2,746 square feet, consisting of a 1,930 SF front house and an 816 SF rear unit. The front residence features 3 bedrooms and 2.5 bathrooms, while the rear home offers 2 bedrooms and 1 bathroom and is currently leased, providing in-place income. This versatile asset is well-suited for an owner-user, investor, or redevelopment strategy seeking water views, income potential, and flexible use options in a prime coastal location.