BIG PRICE IMPROVEMENT! LIVE IN ONE HOUSE AND RENT THE OTHER! A GREAT OPPORTUNITY HAS JUST GOTTEN BETTER! REMODELED TO PERFECTION AND BRAND NEW SECOND COTTAGE (ADU), COMPLETED 2023. TWO COTTAGES ON ONE LOT, 1387 AND 1389 VALLECITO PLACE (two legal addresses) located in the prime historic "Vallecito enclave" of custom cottages in the scenic Carpinteria by the sea. Front cottage is a TWO BEDROOM PLUS ONE BATH, total of 936 sq. ft and back cottage ADU would be the THIRD BEDROOM AND SECOND BATH for 304 sq. ft for a TOTAL of 1,240 sq ft for front and back cottages. One mile walk to sandy beach/village, half mile to the many new shops and restaurants. BEACH LIVING with near perfect central coastal climate. Gated and walled "mini-compound" RARE JEWEL with MOUNTAIN VIEWS and NEW CUSTOM HEATED POOL (COMPLETED 2023) and separate spa. Front house is a custom "architectural" 2+1 cottage with cathedral beamed ceilings, European black oak hardwood plank floors, recessed lighting, gourmet center island kitchen with honed marble counters, Dutch door, high end designer fixtures/finishes, santori wood working cabinetry with Carrera marble tops, third bedroom and second bath is in the rear BRAND NEW cottage (ADU, completed 2023), also includes a second kitchenette and laundry area for a total of 1,240 sq. ft for front and rear cottages, you could fence off the second house for privacy if so desired. Manicured "landscape-architect" backyard with the new pool, hot tub, artificial turf, fruit trees, two fountains, TOTAL BEACH SPA-LIKE ambiance to go with the glorious location and climate. Outdoor hot water shower to rinse off sand from the beach, new roof, rent out the back house and live in the front house, QUIET street, great investment opportunity, escape to gorgeous Carpinteria by the sea. All appliances included along with hot tub, fountains and washer/dryer.