Rare investment opportunity - own a Mixed Use Residential/Commercial Space in Old World Village - famously known for Oktoberfest. This one-of-a-kind destination is known for its speciality stores, cobblestone streets, and year round events that attract many visitors and is conveniently situated within a bustling business area of Huntington Beach. Surrounding landmarks include Bella Terra, Costco, Goldenwest College, popular restaurants and the 405 and 22 freeways. A downstairs unit comprises approximately half of the total square footage and is home to a commercial space with a highly successful long term tenant in place who also rents the unit upstairs. The current rental amounts have been stable and remained below market. Current market rents are approx. $2800/month for the upstairs unit and $2300-$2500/month for the business space. The upstairs apartment has 2 bedrooms, 2 updated bathrooms and a remodeled kitchen with balcony. Refrigerator, washer and dryer are included. Don't miss the large private rear patio and detached one-car garage that come with the property as well. A notable advantage is that the commercial space has been fully modified and has been permitted for food and beverage service. Low HOA dues and no land lease! This unique offering is an ideal income property and investment for anyone seeking stable income, appreciation and versatility. Since these units don't become available often, it is sure to move fast. Schedule a tour today. Unique property - Seller financing may be considered.