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 $1,371
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