215 32nd ST Newport Beach, CA 92663
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $1,485
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP25056815
Bedrooms 8
Full Baths 5
Half Baths 2
HOA Y/N No
Year Built 2020
Lot Size 2,352 Sqft
Property Sub-Type Duplex
Property Description
This is your chance to secure a premier coastal asset with immediate cash flow and flexible terms! Take control of this prime duplex with just a $1.5M non-refundable deposit and 4% interest-only for 12 months. Buyer receives all rental income—approx. $260K per year—to offset holding costs. A $3.7M balloon payment is due at the end of the first year. Immediate cash flow and full operational control from day one!
Built in 2020 and fully furnished, this eight bedroom, seven bathroom property sits at the top of the Balboa Peninsula, just moments from the beach. It includes two transferable short-term rental permits and a strong income history. The rear unit offers five bedrooms and three-and-one-half baths, garage access, a bonus room, and a rooftop deck with ocean and city views. The front unit features three bedrooms, two-and-one-half bathrooms, and a charming porch on 32nd Street.
With central air conditioning, premium finishes, and parking for four, this turn-key property is just a short stroll to Lido Marina Village, top restaurants, the bayfront, and more. Embrace this rare low-entry opportunity to live the coastal lifestyle or own a high-performing rental asset in one of Southern California's most desirable markets.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Interior
Interior Features Built-in Features, Ceiling Fan(s), Furnished, Granite Counters, Stone Counters, Recessed Lighting, All Bedrooms Up, Galley Kitchen, Walk-In Closet(s)
Heating Forced Air
Cooling Electric, Zoned
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside
Exterior
Parking Features Attached Carport, Carport, Direct Access, Garage, Garage Faces Rear
Garage Spaces 2.0
Carport Spaces 2
Garage Description 2.0
Pool None
Community Features Biking, Curbs, Fishing, Hiking, Storm Drain(s), Street Lights, Sidewalks, Water Sports
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Mountain(s)
Accessibility Parking
Attached Garage Yes
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Duplex
Story 2
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Three Or More
New Construction No
Schools
Elementary Schools Newport
Middle Schools Ensign
High Schools Newport Harbor
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 42335317
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
