215 32nd Street
Newport Beach, CA 92663
3500 sqft | 8 beds | 6 baths | 0.05 acres | #NP25056815
Description
Rare Investment Opportunity in Newport Beach – Seller Financing Available
This is your chance to secure a premier coastal asset with immediate cash flow and flexible terms! Take control of this prime duplex with just a $1.5M non-refundable deposit and 4% interest-only for 12 months. Buyer receives all rental income—approx. $260K per year—to offset holding costs. A $3.7M balloon payment is due at the end of the first year. Immediate cash flow and full operational control from day one!
Built in 2020 and fully furnished, this eight bedroom, seven bathroom property sits at the top of the Balboa Peninsula, just moments from the beach. It includes two transferable short-term rental permits and a strong income history. The rear unit offers five bedrooms and three-and-one-half baths, garage access, a bonus room, and a rooftop deck with ocean and city views. The front unit features three bedrooms, two-and-one-half bathrooms, and a charming porch on 32nd Street.
With central air conditioning, premium finishes, and parking for four, this turn-key property is just a short stroll to Lido Marina Village, top restaurants, the bayfront, and more. Embrace this rare low-entry opportunity to live the coastal lifestyle or own a high-performing rental asset in one of Southern California’s most desirable markets.
Property Details
- InteriorBuiltInFeatures, CeilingFans, Furnished, GraniteCounters, StoneCounters, RecessedLighting, AllBedroomsUp, GalleyKitchen, WalkInClosets
- Utility FeaturesCableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- SubdivisionBalboa Peninsula (Residential) (BALP)
- ViewCityLights, Mountains
- School DistrictNewport Mesa Unified
- Lot DescriptionZeroToOneUnitAcre
- High SchoolNewport Harbor
- Sewer InformationPublicSewer
- Original List Price$5,900,000
- MLS #NP25056815
- MLS #NP25056815
- Property TypePurchase
- Elementary SchoolNewport
- Cost5200000
- Utility SourcePublic
- Middle SchoolEnsign
- CountyOrange
- Property SubtypeDuplex
- Structure TypeDuplex
- Acres0.054
- Square Feet3500
- Year Built2020
- Bedrooms8
- Bathrooms6
- Full Baths5
- Half Baths2
- Stories2
- Parking Spaces2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Chris Moreno (#U10658)
Listing Office: Surterre Properties Inc. (#U6002)
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