215 32nd Street Active Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92663
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duet
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $1,371
MLS Listing ID CRNP25056815
Bedrooms 8
Full Baths 5
HOA Y/N No
Year Built 2020
Lot Size 2,352 Sqft
Property Sub-Type Duet
Source Datashare California Regional
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 invest
Location
State CA
County Orange
Interior
Heating Forced Air
Cooling Ceiling Fan(s),Central Air,Other
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher,Gas Range,Microwave,Range,Refrigerator,Tankless Water Heater
Laundry Gas Dryer Hookup,Other,Inside
Exterior
Garage Spaces 2.0
Pool None
View City Lights,Mountain(s)
Handicap Access Other
Private Pool false
Building
Lot Description Street Light(s),Storm Drain
Story 3
Water Public
Architectural Style Contemporary
Schools
School District Newport-Mesa Unified