215 32nd Street, Newport Beach, CA 92663

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$5,200,000

bedrooms

bathrooms

square feet

3,500

Acreage

0.05399449035812672

Open Houses

year built

2020

Full Baths

Half Baths

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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.

Location
Subdivision	Balboa Peninsula (Residential) (BALP)
County	Orange
Elementary School	NEWPOR
Middle School	ENSIGN
High School	NEWHAR

Driving directions

Open houses

None scheduled.

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MLS number: NP25056815

Listing agent: Chris Moreno #01503663

Listing broker: Surterre Properties (949) 717-7100

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Last update: Wednesday, April 9 2025 at 9:14 p.m. EDT

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