215 32nd Street Newport Beach, CA 92663
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!
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
