Newport Bay is one of my favorite places to fish, I usually fish the first three finger jetties (jetties coming off the main jetty), and catch loads of tiny Greenling (Sea Trout), once in awhile a keeper Lindcod or Cabezon, and sometimes you can find various Perch around certain structure. Lot's of Crabs, I almost caught a keeper looking size Dungeness last month.
In the Summer time, I like to bounce Bass jigs in the holes at the edges of the finger jetties, those Rockfish are extremely territorial, last Summer, I watched a Canary Rockfish attack my jig right as I was about to yank it out of the water for a new cast, I released it, I avoid keeping anything orange just so I don't have to worry about misidentifying it.
Here's what you want, they only run like $1.50-$2, even better when tipped with your choice of curly tail grub, white seems to be most natural to the ocean fish.