$4,988,888

215 32Nd Street , Newport Beach, CA 92663

 
Bedrooms:8 beds
Bathrooms:6 baths
Residential:3,500 sqft
Lot:0.05
Year Built:2020
Listing Status:Active

Listing Agent

Chris Moreno
https://www.surterreproperties.com
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Description

Rare Investment Opportunity in Newport Beach – Seller Financing Available This is your chance to secure a premier coastal asset with immediate cash flow and flexible terms! Take control of this prime duplex with just a $1.5M non-refundable deposit and 4% interest-only for 12 months. Buyer receives all rental income—approx. $260K per year—to offset holding costs. A $3.7M balloon payment is due at the end of the first year. Immediate cash flow and full operational control from day one! Built in 2020 and fully furnished, this eight bedroom, seven bathroom property sits at the top of the Balboa Peninsula, just moments from the beach. It includes two transferable short-term rental permits and a strong income history. The rear unit offers five bedrooms and three-and-one-half baths, garage access, a bonus room, and a rooftop deck with ocean and city views. The front unit features three bedrooms, two-and-one-half bathrooms, and a charming porch on 32nd Street. With central air conditioning, premium finishes, and parking for four, this turn-key property is just a short stroll to Lido Marina Village, top restaurants, the bayfront, and more. Embrace this rare low-entry opportunity to live the coastal lifestyle or own a high-performing rental asset in one of Southern California’s most desirable markets.

Detailed Items

Other Information

215 32Nd Street, Newport Beach, CA, 92663 is a residential listing of 3,500 sqft on a lot of 0.05. This residential listing has 8 bedrooms, and 6 baths. The map for this location can be viewed on Google maps at Google maps to property215 32Nd Street, Newport Beach, CA
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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