215 32nd Street

Newport Beach, CA 92663

  • 8 Bed(s)
  • 5 Bath(s)
  • 3,500 Sqft
  • 2352
    Sqft(Lot)
$4,800,000

Description

Welcome to an exceptionally rare opportunity to own a trophy asset in one of the most coveted locations in newport beach — with an up to 4-year lease option to buy and $260k+ annual rental income from day one.



located at the top of the balboa peninsula, just steps from the sand, this newly built 2020 duplex is fully furnished and short-term rental ready — complete with two transferable str permits and a proven income history. whether you’re looking to invest, 1031 exchange, or eventually move in, this property offers low entry, high upside, and total flexibility.



the property features two beautifully designed, turnkey units:



rear unit: 5br / 3.5ba — private direct access from the 2-car garage, open-concept kitchen and living, large bonus/media room, and a rooftop deck with stunning ocean, city, and mountain views.



front unit: 3br / 2.5ba — a charming beachside retreat with a welcoming front porch on 32nd street, perfect for indoor-outdoor living and entertaining.



additional features include central ac & heat, 4-car parking (2-car garage + 2-car carport), and high-end finishes throughout.



just a short stroll to the beach, lido marina village, the bayfront, local boutiques, coffee shops, and top-tier dining. fast access to pch and nearby freeways.



whether you're an investor seeking immediate income and long-term appreciation, or a future homeowner wanting to lock in your dream home today and buy later—this is a newport beach opportunity you don’t want to miss.

  • 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: 4,800,000
    • 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 07/05/2025 @ 14:20

  • 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.