215 32nd Street, Newport Beach, CA 92663 - MLS#NP25056815

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Nicole Hazelton

[email protected] +1(619) 206-1892

$5,200,000

Est. payment - /mo

8 Beds

7 Baths

3,500 SqFt

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UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $1,485

MLS Listing ID NP25056815

Style Townhome

Bedrooms 8

Full Baths 5

Half Baths 2

HOA Y/N No

Year Built 2020

Lot Size 2,352 Sqft

Acres 0.054

Property Sub-Type Townhome

Property Description

PRICED REDUCED $800k - SELLER FINANCING AVAILABLE. Just $1.5M down and seller will carry at 4% interest-only for 12 months. Buyer keeps all rental income (approx. $260K/year) to offset interest payments. Balloon payment of $3.7M due at end of year one. Rare low-entry opportunity in prime Newport Beach with immediate cash flow. Newly constructed in 2020, this fully furnished 8-bedroom, 7-bathroom duplex sits at the top of the Balboa Peninsula, directly across from the beach. Includes two transferable short-term rental permits and strong income history. Two thoughtfully designed units: Rear Unit: 5BR / 3.5BA with direct garage access, open-concept kitchen, large bonus room, and rooftop deck with ocean, city, and mountain views. Front Unit: 3BR / 2.5BA with a charming front porch on 32nd Street steps to the sand and ideal for entertaining. Features include AC/heat, parking for 4 cars (2-car garage + 2-car carport), and premium finishes throughout. Walk to Lido Marina Village, the Bayfront, top restaurants, and shops. Quick access to PCH and freeways. Live where you vacation or leverage it as a high-performing income property!
PRICED REDUCED $800k - SELLER FINANCING AVAILABLE. Just $1.5M down and seller will carry at 4% interest-only for 12 months. Buyer keeps all rental income (approx. $260K/year) to offset interest payments. Balloon payment of $3.7M due at end of year one. Rare low-entry opportunity in prime Newport Beach with immediate cash flow. Newly constructed in 2020, this fully furnished 8-bedroom, 7-bathroom duplex sits at the top of the Balboa Peninsula, directly across from the beach. Includes two transferable short-term rental permits and strong income history. Two thoughtfully designed units: Rear Unit: 5BR / 3.5BA with direct garage access, open-concept kitchen, large bonus room, and rooftop deck with ocean, city, and mountain views. Front Unit: 3BR / 2.5BA with a charming front porch on 32nd Street steps to the sand and ideal for entertaining. Features include AC/heat, parking for 4 cars (2-car garage + 2-car carport), and premium finishes throughout. Walk to Lido Marina Village, the Bayfront, top restaurants, and shops. Quick access to PCH and freeways. Live where you vacation or leverage it as a high-performing income property!

Location

State CA

County Orange

Area Oc - Newport Beach (92663)

Interior

Interior Features Granite Counters, Recessed Lighting, Stone Counters, Furnished

Cooling Zoned Area(s), Electric

Flooring Linoleum/Vinyl

Equipment Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Gas Range

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Gas Range

Laundry Inside

Exterior

Parking Features Direct Garage Access

Garage Spaces 2.0

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Mountains/Hills, City Lights

Total Parking Spaces 4

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 1-3999 SF

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories 3 Story

Others

Monthly Total Fees $43

Miscellaneous Storm Drains

Acceptable Financing Cash To New Loan

Listing Terms Cash To New Loan

Special Listing Condition Standard

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Listed by Chris Moreno • Surterre Properties Inc.

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Nicole Hazelton

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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215 32nd Street Newport Beach, CA 92663

Nicole Hazelton

Key Details

Location

Interior

Exterior

Building

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