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
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP25056815
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
Interior
Heating Forced Air
Cooling Electric,Zoned
Flooring Vinyl
Fireplaces Type None
Laundry Electric Dryer Hookup,Gas Dryer Hookup,Inside
Exterior
Parking Features Attached Carport,Carport,Direct Access,Garage,Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking,Curbs,Fishing,Hiking,Storm Drain(s),Street Lights,Sidewalks,Water Sports
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N Yes
View City Lights,Mountain(s)
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Duplex
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Newport
Middle Schools Ensign
High Schools Newport Harbor
School District Newport Mesa Unified
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard