304 33rd Street, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 3 bath
304 33rd Street
Newport Beach, California 92663
Property Price
SUMMARY
Analysis of 304 33rd Street, Newport Beach, California 92663 is currently available with a list price of $2,200,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1945 and explicitly marketed as a 'major fixer or tear down,' this property is being sold for its land value. The listing states it is in 'as-is' condition with no warranties, and it has been held by the same family for generations without significant modern renovations, meeting the criteria for a structure beyond its functional lifespan.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Prime Coastal Location
Situated in the heart of West Newport Beach, the property is steps away from world-class surfing, Lido Village, and high-end dining, offering an unparalleled coastal lifestyle.
- Development Opportunity
With the primary value in the land, this lot presents a rare chance to build a custom luxury residence or a modern duplex in a highly sought-after historic neighborhood.
CONSRISKS & DEFICIENCIES
- 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.
- Significant Renovation Required
Identified as a major fixer or tear-down and sold in 'as-is' condition, the property requires substantial additional capital investment for repairs or complete redevelopment.
- No Short-Term Rental Permit
The lack of a current short-term rental permit may limit immediate investment returns for buyers specifically targeting the lucrative Newport Beach vacation rental market.
About 304 33rd Street
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 upstairs. Additionally, there is parking in the rear. Please drive by first and call agent for appointment to view. This is a trust sale, property to be sold "as is" current condition with no warranties expressed or implied. Value is in the land, this is a major fixer or tear down. No short term rental permit is currently in place.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1945
- Lot Size
- 2,375 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 0.9 mi
Newport Elementary School
Grades PK-6 • 1.0 mi
Horace Ensign Intermediate School
Grades 7-8 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,100 | 2,430.5 | 6% |
| Lot Size | 2,375 | 2,657.5 | 28% |
| Price | $2.20M | $3.45M | 11% |
| Price per sq ft | $2.0K | $1.7K | 61% |
| Built year | 1945 | 1963 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 118 | 139 | 33% |
Pricing History
Listed for Sale
Feb 27, 2026
$2,200,000
$2,440,000
-10% Price Drop
Initial Listing
Price Change
Nov 9, 2025
$2,440,000
Initial Listing