Opportunity is knocking in Newport Heights! Buy this to live in or tear it down and build 2 homes all with separate addresses, one on Catalina and one on La Jolla. Price includes plans for 2 homes, one at 3400 sq ft, another with 2583 sq ft with 2 car garage each! Currently has (2) 3 bedroom, 2 bath homes with a 3 car garage and large, street to street lot, where you can build TWO homes! This large R-2 zoned duplex on a huge street to street lot! This home in the coveted Newport Heights community, is a great opportunity for home buyers and investors alike. Could be a great starter home, let the other unit help pay the mortgage! Walking distance to the Beach, A Market, plenty of restaurants, bars, Starbucks and Parks! Who needs a Car???? This is a great opportunity to own and live in the main house and offset your mortgage by renting out the above garage apartment $$. Or flip it? Homes in this neighborhood sell up to the $4 million dollar range. For the savvy investor, this is also a great 1031 exchange opportunity in an area that yields high rental income. This home is close to great schools including Newport Heights Elementary, Ensign Middle School and Newport Harbor High school. Centrally located between beaches, the harbor, shopping, dining and the airport, all well below market value. This home is priced to sell, do not miss out! *Short-Term Lodging is allowed subject to zoning compliance, but there is not currently an active permit.