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
ResidentialCounty
OrangeStyle
ContemporaryAD ID
48972558
Sell a home like this and save $287,501 Find Out How
Property Details
-
Interior Features
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
-
Exterior Features
Building Information
- Year Built: 2020
Accessibility Features
- Parking
Pool Features
- None
Laundry Features
- Electric Dryer Hookup,Gas Dryer Hookup,Inside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.054
- Lot Size Source: Assessor
- Lot Size Square Feet: 2352
-
Listing Information
Listing Price Information
- Original List Price: 4,800,000
- Listing Contract Date: 2025-03-14
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 42335317
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Attached Carport,Carport,Direct Access,Garage,Garage Faces Rear
- Attached Garage: Yes
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
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
Statistics Bottom Ads 2

Sidebar Ads 1

Learn More about this Property
Sidebar Ads 2

Sidebar Ads 2

Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
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.