215 32nd Street
Newport Beach, CA 92663
Listing provided courtesy of: Surterre Properties Inc.
Property Description
PRICED REDUCED $800k - SELLER FINANCING AVAILABLE. Just $1M down and seller will carry at 3% with interest-only payments. Buyer keeps all rental income (approx. $260K/year) to pay interest payments. 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!
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Features:
Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan Electric, Zoned Vinyl Built-in Features, Ceiling Fan(s), Granite Counters, Stone Counters, Recessed Lighting, Walk-In Closet(s) Attached, Attached Carport, Carport, Direct Access, Garage, Garage Faces Rear Public Sewer Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
| Price: | $5,200,000 |
| Beds: | 8 |
| Baths: | 7 |
| Interior (SQFT): | 3,500 |
| Lot Size (SQFT): | 2,178 |
| Property Type: | Residential |
| Year Built: | 2020 |
| Subdivision: | Balboa Peninsula |
Listing provided courtesy of: Surterre Properties Inc.. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Based on information from California Regional MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 04/29/2025 17:37:35
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