Charming coastal bungalow in the heart of downtown Long Beach! Situated on a rare double lot with even commercial zoning possibilities, this beautifully updated 2 bedroom, 1 bath cottage offers exceptional flexibility and location. Just across from the city park and only moments from the beach, restaurants, shops, and entertainment, this property blends coastal charm with investment potential. Inside you'll find fresh bright interiors, luxury vinyl flooring, updated kitchen and bath spaces, and wonderful natural light throughout. Outside, a spacious fenced backyard with covered deck creates the perfect setting for entertaining, relaxing, or future expansion. Gorgeous mature live oaks frame the property and add to the classic coastal feel. Flood insurance is not required. Whether you are looking for a full-time residence, weekend getaway, vacation rental opportunity, boutique office space, or future mixed-use potential, this Third Street location offers endless possibilities in one of Long Beach's most desirable downtown settings.