215 32nd Street

Newport Beach, CA 92663

  • 8 Bed(s)
  • 5 Bath(s)
  • 3,500 Sqft
  • 2352
    Sqft(Lot)
$5,200,000

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!

  • Property Type

    Residential

  • County

    Orange

  • Style

    Contemporary

  • AD ID

    48972558

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Property Details

  • Bedroom Information

    • Total Bedrooms : 8

    Bathroom Information

    • Total Baths: 7
    • Full Baths: 5
    • Half Baths: 2

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Interior Features: Built-in Features,Ceiling Fan(s),Furnished,Granite Counters,Stone Counters,Recessed Lighting,All Bedrooms Up,Galley Kitchen,Walk-In Closet(s)
    • Property Appliances: Built-In Range,Dishwasher,Disposal,Gas Range,Microwave,Refrigerator,Range Hood,Tankless Water Heater,Vented Exhaust Fan
    • Fireplace: None
    • Flooring: Vinyl

    Cooling Features

    • Electric,Zoned
    • Air Conditioning

    Heating Source

    • Forced Air
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 2020

    Accessibility Features

    • Parking

    Pool Features

    • None

    Laundry Features

    • Electric Dryer Hookup,Gas Dryer Hookup,Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.054
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 2352

  • Listing Price Information

    • Original List Price: 5,200,000
    • Listing Contract Date: 2025-03-14

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 42335317

  • Garage and Parking

    • Garage Description: Attached Carport,Carport,Direct Access,Garage,Garage Faces Rear
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: N8 - West Newport - Lido
    • Postal Code Plus 4: 3125
    • Directions: Southeast on Balboa Bvld turn left on 32nd, on the left side. Or - south on Newport Blvd turn right on 32nd street, on the right side
    • Source Property Type: Residential
    • Area: N8 - West Newport - Lido
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 5
    • Common Walls: No Common Walls
    • Structure Type: Duplex
    • Year Built Source: Builder
    • Total Square Feet Living: 3500
    • Entry Level: 1
    • Entry Location: ground level
    • Levels or Stories: Three Or More
    • Structure Type: Duplex
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BuyOwner last updated this listing 04/26/2025 @ 23:05

  • MLS: NP25056815
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 3,500 sqft, 2,352 sized lot, and 2 parking. are nearby neighborhoods.