Prime investment opportunity in central La Paz, located just two blocks from the Malecón in a high-demand, walkable area and strong appreciation potential. This property offers two clear investment strategies: Option 1: Immediate income. A 4-bedroom main residence with authentic mid-century character, combined with two rear units already in operation, provides cash flow from day one. The layout allows for repositioning into a boutique hotel, B&B, open-air dining concept, or vacation rentals, while maintaining the value of its original architectural elements. Option 2: Development opportunity With a 720 m² lot and mixed-use zoning, the property supports vertical development of up to 5 levels, allowing for significant buildable density, making it ideal for a residential, mixed-use