One of a kind luxury property in the heart of downtown Carmel-by-the-Sea featuring two residences with ocean views, a private and sunny 1,700 sf courtyard with designer lighting and sound, plus two commercial units with hardwood floors and separate baths. Located just a few blocks from world-renowned Carmel Beach, this Mediterranean-style building, originally constructed in 1929 and designed by Guy O. Koepp, recently underwent a multiyear, extensive renovation. Highlights include high-end finishes throughout, elevator, laundry room, 3 storage rooms, plus a reception room in close proximity to the courtyard. This trophy property offers a variety of uses and possibilities. Property is deemed historic and could offer a tax benefit to its future owner. Updated income summary available. Rare short term rental permits established. Seize your opportunity now to own an iconic piece of our village by the sea.