Discover a rare opportunity with this income-generating, three-level home boasting stunning canyon views in the tranquil Collwood Canyon of San Diego. The upper level features 3 spacious bedrooms, 2 bathrooms, and a bonus room/office, encompassing approximately 1,977 sq ft. The beautifully updated kitchen is equipped with stainless steel professional appliances, a 3-inch thick Redwood island with a 36” gas range and hood, and elegant quartzite countertops, double oven, wine fridge & ice maker. The living room, warmed by a gas fireplace, offers breathtaking views of the canyon. Primary bedroom opens up to it's own balcony. The middle level presents its own modern kitchen, 3 bedrooms (one being a unique “hidden bookcase” room), 1 full bathroom, and a spacious deck accessible from both the living room and main bedroom. With its own entrance, it has served as both additional living space and a rental unit, providing flexible options for residents. The bottom level is unfinished basement, currently serving as an art studio, woodworking shop, and storage. The enchanting outdoor space includes a large concrete observation deck with potential for an ADU, offering additional income opportunities. The terraced canyon transforms into a tranquil oasis, complete herb and vegetable garden, flourishing with productive lime and pomegranate trees. This property is a rare gem, offering a harmonious blend of functionality and creative possibilities for its fortunate new owner. It's like owning two homes for the price of one!