This quintessential Corona del Mar cottage sits proudly on a sunny corner lot in the coveted Flower Streets at an address prized for charm, privacy, and effortless walkability. The transferable short-term rental permit is a rare and highly valuable asset in CdM, transforming the home into both a coastal retreat and a reliable income-producing investment. Thoughtfully updated while preserving its timeless character, the 2-bedroom, 2-bath residence features refinished floors, newer premier appliances, and elevated designer finishes throughout. Organic lighting fills the living areas, with walls of windows and bifold doors creating a seamless flow to the wraparound elevated patios, providing a standout amenity for guests and entertaining, and maximizing outdoor desirability. The well-appointed kitchen includes premier stainless-steel appliances, ample cabinetry, and a classic breakfast nook with built-in seating. A ground-level bedroom enjoys convenient access to a nearby bath, while the upstairs primary suite offers a walk-in closet, a built-in wardrobe cabinet with storage, and an en-suite bath. Additional features include central air conditioning, a fireplace with mantel, in-home laundry with stacked washer and dryer, and a one-car garage with driveway. Live the Corona del Mar Lifestyle, just moments from the beach, boutiques, restaurants, and Fashion Island, this cottage delivers the quintessential CDM lifestyle - with the added advantage of ongoing income potential thanks to its rare, transferable STR permit.