LOCATION, LOCATION, LOCATION! Welcome to 4847 Palm Ave, featuring a turn of the century craftsman bungalow located on a Prime R-3 lot in the heart of La Mesa Village, just steps from downtown shops and eateries! Zoned for multi-units, this is the perfect development opportunity for the savvy real estate investor looking to build units or spec houses, OR for the owner user looking to live in the front house and build rear units or an ADU for additional income. The existing home has been meticulously maintained to accentuate its original 1920's grandeur, while being thoughtfully updated in recent years to meet today's modern living standards. Features to note include 9" tray ceilings accented with crown molding, original hardwood floors, finished front porch with large windows, a newly remodeled bathroom with claw foot tub & separate shower, and a gourmet chef's kitchen with rainforest-marble counters, cherry cabinets and a farm style sink. The large 8,231 SF lot features a massive backyard oasis landscaped with lush palms, fruit trees and podocarpus hedges, a large backyard shed/workroom for storage or house projects & hobbies, and a spacious driveway that can accommodate up to 4 vehicles. This is truly a MUST SEE to visualize all of the possibilities of this R-3 Lot!