Located on one of the quietest streets on the Peninsula, this 44' wide lot offers an exceptional opportunity to craft your dream beachside retreat. Just moments from the beach, Newport Harbor Yacht Club, and the lively Balboa Pier and Fun Zone, this rare-to-market residence presents the ultimate in Newport Beach living. The thoughtful floorplan includes a main house with three bedrooms and one-and-one-half baths, alongside an attached studio apartment with a bedroom, full bath, and kitchenette. This arrangement offers flexibility--choose to rent the studio for additional income or enjoy the expanded living space yourself. The home's interior is marked by recessed lighting, beamed ceilings, wainscoting, and hardwood floors throughout, creating a warm and inviting atmosphere. Key highlights such as the living room fireplace and the dining area's French doors leading to the outdoors further enhance its charm. Nestled on a generous lot of approximately 2,989 SF, the expansive property is bathed in natural light and features a spacious front patio--ideal for savoring the ocean breezes. Complemented by a detached one-car garage, this Balboa Peninsula gem stands as a canvas awaiting your personal touch, presenting a rare chance to renovate or rebuild in one of the area's most coveted locations.