Hosted my family from the Midwest at this great beach house. The house is seated just 3 blocks from the beach; walk will take about 10 minutes.
You'll also be just a few blocks from Newport Ave where many restaurants and nightlife are located. Highly suggest Wonderland Ocean Pub, which has great views of the beach and ocean and good food/cocktails. If you're looking to turn up on a Saturday night, head over to the Holding Company; they also have a great brunch.
The house does have 1 parking spot available, which is absolutely needed especially if you are planning to rent a vehicle, go places outside of OB, etc. I would not consider the street parking "ample." As a local, I understood this, but forewarning to out of towners. Parking during the weekdays is pretty easy, weekends and evenings are another story.
The house itself has everything. Small appliances, dishes, silverware, etc. The back patio is a great place to socialize or make use of the BBQ. The master bathroom also has a door that connects to the back patio; very convenient.
The staff was friendly and responsive. If you need anything during your stay, they will do their best to accommodate. Highly recommend.