215 32Nd Street, Newport Beach, CA 92663 - Berkshire Hathaway HomeServices California Properties
215 32nd Street Newport Beach, CA 92663
$5,200,000 8 beds, 7 baths
3, 500 sqft

Agent Remarks

PRICED REDUCED $800k - SELLER FINANCING AVAILABLE. Just $1M down and seller will carry at 3% with interest-only payments. Buyer keeps all rental income (approx. $260K/year) to pay interest payments. 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!

Listing Details

Property type: Duplex (Single Family)
Status: Active
MLS# NP25056815
List price is $5,200,000 Reduced by $700,000 on 4/9/2025
HOA Fee is $0.00
Beds: 8
Baths: 7 (5 full) (2 half)
None fireplaces
Built in 2020
3,500 sqft
0.05 acres
Lot size: 0.0540
Subdivision: Balboa Peninsula (Residential) (BALP)
County: Orange
Property style: Contemporary
Interior features: Built-in Features,Ceiling Fan(s),Furnished,Granite Counters,Stone Counters,Recessed Lighting,All Bedrooms Up,Galley Kitchen,Walk-In Closet(s)
Appliances: Built-In Range,Dishwasher,Disposal,Gas Range,Microwave,Refrigerator,Range Hood,Tankless Water Heater,Vented Exhaust Fan
Parking description: Attached Carport,Carport,Direct Access,Garage,Garage Faces Rear
Lot description: ZeroToOneUnitAcre
Heating/cooling: Electric,Zoned
Heating description: Forced Air
MLS area: N8 - West Newport - Lido

Last Updated: 4/28/2025

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This listing belongs to the N8 - West Newport - Lido MLS area

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The style of this listing is Contemporary.
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Lat/Long: 33.615270, -117.932224.
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Listing Agent: Chris Moreno
Co Listing Agent: Cassie Hammond
Lic#: 01801928
Office Name: Sherman Oaks

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