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215 32nd Street, Newport Beach, CA 92663

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For Sale

$4,400,000

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

  • Newly Listed
    Time on Century 21

  • $1,257.14
    Price per square foot

  • 1-5 Years Old
    Age

Explore this Property

Welcome to an exceptionally rare opportunity to own a trophy asset in one of the most coveted locations in Newport Beach with an up to 4-year Lease Option to Buy and $260K+ annual rental income from day one. Located at the top of the Balboa Peninsula, just steps from the sand, this newly built 2020 duplex is fully furnished and short-term rental ready complete with two transferable STR permits and a proven income history. Whether you re looking to invest, 1031 exchange, or eventually move in, this property offers low entry, high upside, and total flexibility. The property features two beautifully designed, turnkey units: Rear Unit: 5BR / 3.5BA Private direct access from the 2-car garage, open-concept kitchen and living, large bonus/media room, and a rooftop deck with stunning ocean, city, and mountain views. Front Unit: 3BR / 2.5BA A charming beachside retreat with a welcoming front porch on 32nd Street, perfect for indoor-outdoor living and entertaining. Additional features include central AC & heat, 4-car parking (2-car garage + 2-car carport), and high-end finishes throughout. Just a short stroll to the beach, Lido Marina Village, the Bayfront, local boutiques, coffee shops, and top-tier dining. Fast access to PCH and nearby freeways. Whether you're an investor seeking immediate income and long-term appreciation, or a future homeowner wanting to lock in your dream home today and buy later this is a Newport Beach opportunity you don t want to miss.
MLS# NP25227739

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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Mortgage Calculator

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Monthly Payment Breakdown

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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.