CA > Newport Beach > Balboa Peninsula (Residential)
Newport Beach, CA 92663,215 32nd Street
Newport Beach, CA 92663,215 32nd Street
Newport Beach, CA 92663,215 32nd Street
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Listed by Chris Moreno • Surterre Properties Inc.
$5,200,000
Est. payment /mo
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8 Beds
7 Baths
3,500 SqFt
Price Dropped by $700K

215 32nd Street Newport Beach, CA 92663

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Maureen Alphonso

Maureen Alphonso

+1(805) 279-6885

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)

MLS Listing ID NP-25056815

Style Contemporary

Bedrooms 8

Full Baths 5

Half Baths 2

Year Built 2020

Lot Size 2,352 Sqft

Property Sub-Type Duplex

Property Description

PRICED REDUCED $800k - SELLER FINANCING AVAILABLE. Just $1.5M down and seller will carry at 4% interest-only for 12 months. Buyer keeps all rental income (approx. $260K/year) to offset interest payments. Balloon payment of $3.7M due at end of year one. Rare low-entry opportunity in prime Newport Beach with immediate cash flow. Newly constructed in 2020, this fully furnished 8-bedroom, 7-bathroom duplex sits at the top of the Balboa Peninsula, directly across from the beach. Includes two transferable short-term rental permits and strong income history. Two thoughtfully designed units: Rear Unit: 5BR / 3.5BA with direct garage access, open-concept kitchen, large bonus room, and rooftop deck with ocean, city, and mountain views. Front Unit: 3BR / 2.5BA with a charming front porch on 32nd Street -- steps to the sand and ideal for entertaining. Features include AC/heat, parking for 4 cars (2-car garage + 2-car carport), and premium finishes throughout. Walk to Lido Marina Village, the Bayfront, top restaurants, and shops. Quick access to PCH and freeways. Live where you vacation or leverage it as a high-performing income property!

Location

State CA

County Orange

Area N8 - West Newport - Lido

Interior

Interior Features Built-In Features, Ceiling Fan(s), Furnished, Granite Counters, Recessed Lighting, Stone Counters

Heating Forced Air

Cooling Electric, Zoned

Flooring Vinyl

Fireplaces Type None

Laundry Gas & Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Parking Features Attached Carport, Carport, Direct Garage Access

Garage Spaces 2.0

Pool None

Community Features Biking, Curbs, Fishing, Hiking, Sidewalks, Storm Drains, Street Lights, Watersports

Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected, Natural Gas Connected

View Y/N Yes

View City Lights, Mountain(s)

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

Schools

Elementary Schools Newport

Middle Schools Ensign

High Schools Newport Harbor

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agent

Maureen Alphonso

Agent | License ID: 01734126

+1(805) 279-6885

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215 32nd Street