Opportunity to build your dream home, and offset your costs while processing plans and permits! This is a turnkey vacation rental that you can take over and have income while getting ready to build. Seller is willing to use creative financing to minimize your carrying costs while processing plans. This .22 acre lot is mostly flat and has lots of room to build your dream home, guest house and pool. Quiet cul de sac that is flat and walkable to Ponto Beach access and the 101. Easy access to the 5 without highway noise! 2nd story ocean views are possible. Current home is a single story, 2bd 1 bath, with detached 2 car garage and is a fully furnished and functional vacation rental that pays for itself. Continue to operate as a vacation rental and have no monthly carrying costs while you design your dream home!