$2,000,000

This property has been strategically priced to encourage buyers to explore the opportunity and complete their own due diligence regarding renovation or redevelopment possibilities. Buyers are encouraged to consult with architects, contractors, and the City of Newport Beach to evaluate zoning, development potential, and short-term rental regulations. Located on one of the widest streets in the desirable 100 block of the Newport Peninsula, 121 30th Street sits just nine homes from the boardwalk, surf, and sand. The property enjoys convenient proximity to Lido Village, Cannery Village, Newport Pier, and many of the Peninsula’s favorite restaurants, cafés, and coastal amenities. The property is currently configured as two units. The front cottage consists of two bedrooms and one bathroom, while the rear unit above the garage additionally offers two bedrooms and one bathroom. The property also includes one active short-term rental permit which may present an attractive opportunity for buyers interested in a high income producing rental. Buyer to verify permit status, transferability, and all applicable regulations with the City of Newport Beach. Seller intends to review offers beginning April 1st, allowing buyers time to fully evaluate the property and determine the vision that best suits their plans.