$4,988,888 Est. $18,370 / mo.*

215 32nd Street Newport Beach , CA 92663

Property listed by Surterre Properties Inc., Chris Moreno {attribution_contact}

Description

8 Beds
5 full, 2 half Baths
3,500 Sqft
2,352 Sqft lot
0.05 Acre lot
Status: Active
Property Type: Duplex
Year Built: 2020
Neighborhood: Balboa Peninsula (residential) (balp)
Days on Website: 97
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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Contact an Agent

Christopher Lechner

(562) 972-0388