Welcome to this beautifully UPDATED TRIPLEX, an exceptional residential income opportunity ideally situated one block off the water's edge at the end of a quiet cul-de-sac in one of Los Osos' most desirable neighborhoods. Offering a premier coastal location that supports strong long-term tenant demand, the property sits around the corner from the famous Back Bay Loop Trailhead near Sea Pines Golf Resort and just down the road from Montaa de Oro State Park. Picturesque views of iconic Morro Rock, the Morro Bay Estuary, and distant sand dunes are visible throughout the property. Offering approximately 3,662 sq. ft. of total living space, this asset features three spacious, move-in-ready units. All units are turnkey with their own unique styles, updates, fresh interior paint, updated dual-pane windows and sliders, and modern comforts. Unit A includes 4 bedrooms, 3 bathrooms, dedicated solar, an outdoor spa, and fruit trees. Unit C offers 2 bedrooms and 2 bathrooms, extensively remodeled with new flooring and updated bathrooms. Unit D features 3 bedrooms, 2 bathrooms, and all the same premier modern updates as Unit C. Each unit boasts a private yard and individual washer/dryer hookups. Parking and storage are abundant, highlighted by four garage spaces and two new storage sheds. Exterior enhancements include fresh paint and new fascia. Offering exceptional privacy and recent improvements, this property is an outstanding opportunity for an owner-occupier, multi-generational living, or an investor. This neighborhood consistently supports strong rental demand, and the rental potential here is exceptional. With the desirable location, well-maintained/updated condition, and functional floor plans, I anticipate strong interest from qualified tenants. Call today to schedule your private showing, review the local market numbers, and see firsthand everything this remarkable investment opportunity has to offer! Buyer and the buyer's agent to verify all information and coordinate their own due diligence with appropriate professionals.