Classic beach cottage with a wonderful location across the street from the ocean! Walk to the Balboa Ferry, Pier, Yacht Club, surf spots, shops, restaurants, etc. This location is on the quiet end of the Peninsula. The property has been in the family for over 40 years and could be remodeled or a development opportunity. Buyer to verify with the City of Newport Beach all building possibilities. Property is currently occupied by month-to-month tenant. 24 hour notice required for showings. Submit all offers! Information obtained from the City of Newport Beach Building Department is as follows: R1 Buildable Area - no rezoning. Height Restrictions = 24' Flat Roof; 29' Sloped Roof (minimum slope 3:12) Lot Size = 30'x70' Setbacks = Front 9'; Sides 3'; Rear 5'. Allowable buildable area = 2688 sf. Buyer to verify all information with City of Newport Beach Building Department.