Situated on one of the more coveted tree-lined streets in Newport Heights, this 1934 Spanish charm cottage is a true opportunity in today's marketplace. With tremendous development potential that could possibly afford striking Catalina Island views, this property offers two separate living spaces, each with two bedrooms and one bathroom. The main floor offers spacious living and dining areas with a wood-burning fireplace, kitchen with an adjacent laundry area, an office alcove, a bathroom, and two bedrooms with access to the wrap-around covered deck as well as the rooftop area that brings direct views of the Pacific Ocean and Catalina Island. The lower level also has two bedrooms, a spacious bathroom, and a large kitchen and living area with views out to the private rear entertaining area. The front of the property is inviting with picket fencing, mature landscape, and grass areas, and in the rear of the property is a detached structure that was supposedly used as a tack room decades ago. All within a short distance to the world-class beaches on The Peninsula, Newport Harbor, and conveniences of 17th Street and Fashion Island, this rarely seen opportunity is on one of the most desirable blocks in Newport Heights.