215 32nd ST Active Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92663
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $1,485
MLS Listing ID CRNP25056815
Style Contemporary
Bedrooms 8
Full Baths 5
Half Baths 2
Year Built 2020
Lot Size 2,352 Sqft
Property Sub-Type Duplex
Property Description
PRICED REDUCED $800k - SELLER FINANCING AVAILABLE. Just $1.5M down and seller will carry at 4% interest-only for 12 months. Buyer keeps all rental income (approx. $260K/year) to offset interest payments. Balloon payment of $3.7M due at end of year one. 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!
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Family Room Separate Family Room
Kitchen Dishwasher,Garbage Disposal,Hood Over Range,Microwave,Other,Exhaust Fan,Oven Range - Gas,Oven Range - Built-In,Refrigerator
Interior
Heating Forced Air
Cooling Central Forced Air - Electric,9
Fireplaces Type None
Laundry Gas Hookup,Other,38
Exterior
Parking Features Carport ,Garage
Garage Spaces 2.0
Pool 31,None
View Hills,City Lights
Building
Story Three or More Stories
Water District - Public
Others
Special Listing Condition Not Applicable