733 Walnut Historic Elegance Meets Modern Resilience: A Mills Act Masterpiece. Rare opportunity to own a beautiful 1920s bungalow in the heart of the Craftsman Village Historic District. This property features a coveted Mills Act Contract, offering the new owner substantial annual property tax savings. From the classic front porch shaded by mature trees to the freshly painted exterior (Jan 2026), this home exudes curb appeal on its spacious corner lot. The interior honors its heritage with original hardwood floors, vintage built-in cabinetry, and fully restored, functional double-hung windows. Culinary enthusiasts will fall in love with the kitchen’s centerpiece: a fully refurbished 1954 Wedgewood stove with new enamel, insulation, and an adjustable height infrared broiler. While the aesthetic is timeless, the infrastructure is cutting-edge. The property has been fully optimized for safety and efficiency with a comprehensive foundation earthquake retrofit (2022), a new 200-amp main electric panel, and a brand-new water heater (Jan 2026). The outdoor space is a private oasis, featuring a large enclosed side yard, a pergola, and a detached garage. Modern tech is already in place with an electrical sub-panel in the garage and a Level 2 ChargePoint EV charger. Secure, gated parking for two additional vehicles is provided behind an electrically gated fence. Located less than a mile from the beach and within easy walking distance to the vibrant shops and dining of 4th Street Retro Row and the 7th Street corridor. This isn't just a home; it’s a preserved piece of history reinforced for the future.