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304 33rd Street, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 3 bath

304 33rd Street, Newport Beach, California 92663 home-pic-0
ACTIVE$2,440,000
304 33rd Street, Newport Beach, California 92663
3Beds
3Baths
1,100Sqft
2,375Lot
Year Built
1945
Close
-
List price
$2.44M
Original List price
$2.44M
Price/Sqft
$2,218
HOA
-
Days on market
-
Sold On
-
MLS number
NP25256943
Home ConditionTear down
Features
View-

About this home

We found 4 Cons,6 Pros. Rank: price - $2.44M(12th), sqft - 1100(4th), beds - 3(50th), baths - 3(50th).

Rare opportunity to secure a property full of West Newport history steps to world class surfing, Lido House, Lido Village, Cannery Village, restaurants & shopping. Purported to be the first home built on the street in 1945, this vintage cottage with guest apartment/ quarters has been lovingly enjoyed by the same family for numerous generations. The front cottage is a 2 bedroom, 2 bath configuration with a street fronting patio for entertaining. A second story 1 bedroom/ 1 bath guest apartment /or rental unit is situated over the garage. Additionally, there are 3 parking spots in the back. Please drive by only at this time. All inspections are subject to acceptable offer. This is a trust sale, property to be sold "as is" current condition with no warranties expressed or implied. Value is in the land. No short term rental permit currently in place.

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•0.9mi
9/10
Newport Elementary School
Public,•PK-6•1.0mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.9mi
7/10
Newport Harbor High School
Public,•9-12•1.2mi

Price History

Date
Event
Price
11/09/25
Listing
$2,440,000
Condition Rating
Tear down
The property was built in 1945, making it nearly 80 years old. The listing explicitly states that the 'Value is in the land' and describes it as a 'vintage cottage' sold 'as is' in a trust sale, with 'Dated Structure & Implied Redevelopment Focus' listed as a weakness. These factors strongly indicate that the existing structure is considered beyond practical repair or renovation for modern living and its value lies solely in the land for redevelopment. Without interior images, it's highly probable that the kitchen and bathrooms are original or severely outdated, requiring complete demolition and reconstruction.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime West Newport Beach Location: Unbeatable proximity to world-class surfing, Lido House, Lido Village, Cannery Village, and upscale dining/shopping, making it a highly desirable coastal address.
Significant Land Value & Redevelopment Potential: Explicitly stated that 'Value is in the land,' indicating a prime opportunity for a new luxury build or substantial redevelopment in a coveted area.
Residential Income Property (Duplex): Configured as a duplex with a main cottage (2B/2B) and a separate guest apartment (1B/1B) over the garage, offering immediate rental income or flexible living arrangements.
Rare Opportunity & Historical Charm: Described as a 'rare opportunity' with 'West Newport history' and a 'vintage cottage,' appealing to buyers seeking unique properties with character.
Valuable Off-Street Parking: Includes three dedicated parking spots in the back, a significant and highly sought-after amenity in a dense beach community like Newport Beach.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1100, other record living area = 1260. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
As-Is Trust Sale Condition: The property is sold 'as is' in a trust sale with no warranties, implying potential for significant undisclosed repairs, upgrades, or a complete tear-down.
Dated Structure & Implied Redevelopment Focus: Built in 1945, the description emphasizes 'Value is in the land,' strongly suggesting the existing vintage cottage is likely a tear-down candidate rather than a move-in ready home.
No Short-Term Rental Permit: The absence of a current short-term rental permit restricts immediate income generation for investors targeting the lucrative vacation rental market.

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