Ideally positioned between Newports famed Harbor and 29th Street Beach, this exceptional live-work-play residence redefines convenience by seamlessly integrating your home within mere steps of your commercial office. Currently configured as an approximately 2,400 sq. ft. industrial-modern residence with 1,000 sq. ft. of commercial space below it, this mixed-use detached property benefits from its beautiful interiors, central location, and perhaps most notably, its versatility. Should it be desired, the zoning permits the conversion of the lower level from a commercial space into a duplex or an independent single-family residence. The existing residences designer interiors feature dual primary bedrooms with walk-in closets, a loft bedroom with peek-a-boo ocean and Catalina views, and a great room with double-height ceilings and a fireplace. Living areas are complete with quality, custom home finishes and professional appliances, in addition to multiple terraces that lend themselves to indoor-outdoor California living. Additional amenities include parking for a minimum of five vehicles, a private elevator, and zoned air conditioning. For the investor, the two units can be leased and accessed separately. The commercial space comes complete with its own bathroom, climate control, and utility meters. Live-work residences are rarely available and highly sought after. In addition to its excellent location at the entry to Newport Beachs Balboa Peninsula within vibrant Cannery Village, this property is advantaged by its close proximity to the shops and restaurants of Lido Marina Village, Newport Harbor, and beaches.