CA > Newport Beach > Balboa Peninsula (Residential) (Balp)
Newport Beach, CA 92663,215 32nd ST
Newport Beach, CA 92663,215 32nd ST
Newport Beach, CA 92663,215 32nd ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,700,000
Est. payment /mo
8 Beds
7 Baths
3,500 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $1,342

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP25056815

Bedrooms 8

Full Baths 5

Half Baths 2

HOA Y/N No

Year Built 2020

Lot Size 2,352 Sqft

Property Sub-Type Duplex

Property Description

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.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Interior

Interior Features Built-in Features, Ceiling Fan(s), Furnished, Granite Counters, Stone Counters, Recessed Lighting, All Bedrooms Up, Galley Kitchen, Walk-In Closet(s)

Heating Forced Air

Cooling Electric, Zoned

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan

Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Parking Features Attached Carport, Carport, Direct Access, Garage, Garage Faces Rear

Garage Spaces 2.0

Carport Spaces 2

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)

Accessibility Parking

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Duplex

Story 2

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Three Or More

New Construction No

Schools

Elementary Schools Newport

Middle Schools Ensign

High Schools Newport Harbor

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 42335317

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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CRMLS – RECore
Listed by Chris Moreno Surterre Properties Inc. 949-280-6357

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