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Mike Althof

mike.althof@gmail.com +1(619) 417-5766

$ 4,800,000

Est. payment -/mo

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Price Dropped by $188K

215 32nd Street Newport Beach, CA 92663

8 Beds

8 Baths

3,500 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $1,371

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID NP25056815

Style Contemporary

Bedrooms 8

Full Baths 5

Half Baths 2

Year Built 2020

Property Sub-Type Townhome

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 youre 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 laterthis is a Newport Beach opportunity you dont want to miss.

Location

State CA

County Orange

Direction Southeast on Balboa Bvld turn left on 32nd, on the left side. Or - south on Newport Blvd turn right on 32nd street, on the right side

Interior

Interior Features Granite Counters, Recessed Lighting, Stone Counters, Furnished

Heating Forced Air Unit

Cooling Zoned Area(s), Electric

Flooring Linoleum/Vinyl

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Gas Range

Laundry Gas, Gas & Electric Dryer HU

Exterior

Parking Features Direct Garage Access

Garage Spaces 2.0

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

View Y/N Yes

Water Access Desc Public

View Mountains/Hills, City Lights

Accessibility Parking

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Tax ID 42335317

Special Listing Condition Standard

Listed by Chris Moreno Surterre Properties Inc.

Mike Althof

Broker Associate, Althof & Associates Team Lead | License ID: 01245962

+1(619) 417-5766

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Mike Althof

215 32nd Street Newport Beach, CA 92663

Key Details

Location

Interior

Exterior

Building

Others

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215 32nd Street