350 San Elijo PRICED BELOW APPRAISED VALUE! Live in La Playa & Generate Income - Exceptional Bay Views + Private Guest Suite Rare opportunity to own a beautifully renovated coastal property in coveted La Playa that offers the best of both worlds: sophisticated owner-occupied living PLUS a private, income-producing space. Ideally positioned just two blocks from Kellogg's Beach and outside the flight path, this exceptional Point Loma residence combines stunning bay views, luxurious finishes, multiple outdoor spaces, and tremendous flexibility for homeowners, multi-generational living, or investors. The main upper level is designed for elevated coastal living, with an expansive open-concept great room connecting the living, dining, and kitchen areas. Large windows and multiple decks showcase beautiful water views, creating a seamless indoor-outdoor Southern California lifestyle. Three spacious bedrooms are each complemented by their own bathrooms, while the luxurious primary suite features a spa-inspired bath, walk-in closet, private deck, and access to the backyard. The lower level is where this property truly sets itself apart. A private, oversized ground-level suite with no stairs includes its own kitchen, laundry, and two full bathrooms. Whether used as a long-term rental, guest residence, extended-family quarters, or private space for a caregiver, this versatile suite provides an excellent opportunity to offset the cost of ownership while maintaining privacy from the main living areas. For an owner-occupant, live upstairs and rent the lower-level suite-a compelling way to generate Every detail has been thoughtfully considered in the renovation, creating a residence that feels polished, inviting, and distinctly elevated while retaining the relaxed sophistication that defines La Playa. With its prime beachside location, expansive indoor-outdoor living, beautiful water views, and exceptional sense of place, this is a rare opportunity to experience one of Point Loma's most desirable coastal enclaves.