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215 32nd Street, Newport Beach, CA 92663

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For Sale

$4,700,000

8 beds • 5 baths • 2 half baths • 3,500 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $1,342.86
    Price per square foot

  • 1-5 Years Old
    Age

Explore this Property

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.
MLS# NP25056815

Courtesy Of Surterre Properties

(949) 717-7100

Property Features

  • Age
    1-5 Years Old
  • Amenities
    Ceiling Fan
  • Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Range - Gas, Refrigerator, Washer
  • Architecture Style
    Contemporary
  • Floor Covering
    Vinyl
  • Heating System
    Forced Air
  • Rooms
    Bonus Room, Den, Family Room, Kitchen
  • View Type
    City, Mountain

Map and Directions

Directions to 215 32nd Street, Newport Beach, CA 92663

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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