Welcome to 207 Ocean Ave Extension - a Rare Coastal Legacy Property with Panoramic Ocean Views. Available for the first time in over half a century, this 2-bedroom, 2-bath approx. 2130 sqf residence offers expansive views over Rustic Canyon to the Pacific Ocean, Malibu coastline, and Santa Monica Mountains from multiple rooms. The residence reflects classic Coastal Craftsman cottage architecture with period detailing and a modest footprint. The multi-level grounds may be reimagined to create terraced gardens, additional outdoor living spaces, and enhanced entertaining areas, subject to buyer investigation and applicable governmental approvals. The expansive outdoor areas provides a peaceful retreat, ideal for morning coffee, quiet afternoons, or alfresco evenings under the stars. The unfinished attic area | storage area (included in total sqf of the home ~ 665sqf) offers potential for conversion into additional living space, subject to buyer verification. A one car garage is attached (convenient street parking is available) and an additional spacious storage area is located beneath the house. Positioned along the Ocean Avenue Extension corridor, the property is approximately one block from Palisades Park and near the beach and Montana Avenue. This established coastal neighborhood offers convenient access to dining, shopping, and everyday amenities. Residents enjoy a blend of coastal nature and walkability. Nearby destinations include the historic Golden Bull Steakhouse, Giorgio Baldi, Muse, La Monique, Fig, Wally's, Hillstone restaurants, local coffee shops, grocers such as Whole Foods and Ralphs, along with a rotating local gallery on Channel Road and art galleries along Montana and Ocean Avenues. The area is also home to Canyon Elementary School and the Canyon Recreation Center, which offers tennis courts, sports fields, and community events throughout the year. Additional nearby amenities include the Annenberg Community Beach House, scenic pedestrian paths, and coastal stairways frequently used for outdoor recreation and neighborhood gatherings. Whether restored, reimagined, or thoughtfully expanded, the property offers exceptional potential in a location with consistent buyer interest. Ocean-view properties in this area continue to attract attention, supported by limited available inventory and proximity to nearby coastal amenities. The mailing address is Santa Monica; however, the property is located within the City of Los Angeles and subject to Los Angeles services and regulations. Sold as a fixer-upper, offering an opportunity to renovate, enhance, and reimagine the existing home while preserving its unique character. The adjacent vacant parcel is not included in the offering and is not currently available for purchase. Some photos are virtually staged or digitally enhanced. Original photos are included.