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Cris Epstein

cris.epstein@engelvoelkers.com +1(818) 269-4377

Listed by Chris Moreno • Surterre Properties Inc.

$ 4,800,000

Est. payment -/mo

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Price Dropped by $188K

215 32nd Street Newport Beach, CA 92663

8 Beds

7 Baths

3,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $1,371

Subdivision Balboa Peninsula (Residential)

MLS Listing ID NP-25056815

Style Contemporary

Bedrooms 8

Full Baths 5

Half Baths 2

Year Built 2020

Lot Size 2,352 Sqft

Property Sub-Type Duplex

Property Description

Welcome to an exceptionally rare opportunity to own a trophy asset in one of the most coveted locations in Newport Beach -- with an up to 4-year Lease Option to Buy and $260K+ annual rental income from day one. Located at the top of the Balboa Peninsula, just steps from the sand, this newly built 2020 duplex is fully furnished and short-term rental ready -- complete with two transferable STR permits and a proven income history. Whether you're looking to invest, 1031 exchange, or eventually move in, this property offers low entry, high upside, and total flexibility. The property features two beautifully designed, turnkey units: Rear Unit: 5BR / 3.5BA -- Private direct access from the 2-car garage, open-concept kitchen and living, large bonus/media room, and a rooftop deck with stunning ocean, city, and mountain views. Front Unit: 3BR / 2.5BA -- A charming beachside retreat with a welcoming front porch on 32nd Street, perfect for indoor-outdoor living and entertaining. Additional features include central AC & heat, 4-car parking (2-car garage + 2-car carport), and high-end finishes throughout. Just a short stroll to the beach, Lido Marina Village, the Bayfront, local boutiques, coffee shops, and top-tier dining. Fast access to PCH and nearby freeways. Whether you're an investor seeking immediate income and long-term appreciation, or a future homeowner wanting to lock in your dream home today and buy later--this is a Newport Beach opportunity you don't want to miss.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Interior

Interior Features Built-In Features, Ceiling Fan(s), Furnished, Granite Counters, Recessed Lighting, Stone Counters

Heating Forced Air

Cooling Electric, Zoned

Flooring Vinyl

Fireplaces Type None

Laundry Gas & Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Parking Features Attached Carport, Carport, Direct Garage Access

Garage Spaces 2.0

Pool None

Community Features Biking, Curbs, Fishing, Hiking, Sidewalks, Storm Drains, Street Lights, Watersports

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

View Y/N Yes

View City Lights, Mountain(s)

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

Schools

Elementary Schools Newport

Middle Schools Ensign

High Schools Newport Harbor

Cris Epstein

Advisor | License ID: 01385089

+1(818) 269-4377

Cris Epstein

215 32nd Street Newport Beach, CA 92663

Key Details

Location

Interior

Exterior

Building

Schools

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215 32nd Street