Dream site for new development, with unobstructed ocean views down Cherry Avenue directly in front of the parcel. Potential for a custom, ocean view, single family home or three ocean view condos. The underlying lot is 6,047 SF, zoned R-23 (15-23 du/ac), with an apparent development potential for a large single family home or up to 3 Condos (buyer to verify allowable use with City), similar to what was just done directly next door: three brand new, ocean view condos listed: $1.89m for 1,890 SF (rear unit), $2.19m for 2,035 SF (ground floor front unit, now listed as a pending sale), $2.29m for 2,089 SF (top front unit). This older 1,574 SF home is a 3 bedroom, 2 bath with a 2 car attached garage at the rear with a large back yard area and patio. The interior improvements are in average condition and could provide good interim use income during the entitlement approval process. The home is currently rented month-to-month under market for $1,825/month. Snap up this unobstructed ocean view site, it won't last long!