Active

215 32nd Street

Newport Beach CA, 92663

$5,499,000


$1,833.00 per sqft

Active

3,000 sqft

Multi-family

Built in 2020

Listed by Chris Moreno with Surterre Properties Inc. 949-717-7100

Everyone is waiting to see if the projections are accurate - Well we are spot on for the first 5 months of the year! Don't wait and miss out on this investment property. June and July booked solid with just under $100k for just these two months alone. This property was designed and built specifically as a short-term rental property maximizing on room count and rentability. Recently constructed Eight (8) full siize bedrooms, 5 full baths and 2 half bath Newport Beach Balboa Peninsula Duplex Home- complete with TWO (2) SHORT TERM LODGING (RENTAL) PERMITS. This is an investors' dream as the property has been recently completed and fully operational with proven substantial rental income. The front and back units consist of a 5-bedroom 3.5 bath rear unit with all new kitchen, new appliances and sitting room with a huge oversized indoor/outdoor great room. The upstairs primary bedroom has a large walk-in closet and large private deck with ocean breezes and city light views. The front unit consists of 3 bedrooms and 2.5 baths with a great front porch. The entire property was upgraded with independent air conditioning and independent heating zones for every room. Amazing parking for four cars; a full size, side-by-side two car garage and an additional two car covered car port. This is an incredible location surrounded by Lido Village, the Newport Beach Bayfront, and is just a stroll across the street to the most beautiful beaches in Newport. Lido Marina Village has recently gone through an incredible makeover and offers the best restaurant and shopping Newport Beach has to offer. Along with direct access to Lido and the beaches, you are located just off Pacific Coast Highway and direct access to the freeways.

NP23061062

MLS ID

April 12, 2023

Listed

February 16, 2024

Updated

Map

215 32nd Street
Newport Beach CA, 92663

Interior Features

Total Stories

2


Interior Features

Built-in Features, Balcony, Ceiling Fan(s), Furnished, 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


Laundry Description

Electric Dryer Hookup, Gas Dryer Hookup, Inside


Floor Description

Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Electric, Zoned


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.05 Acres


Lot Features

0-1 Unit/Acre


Architectual Style

Contemporary


Sewer

Public Sewer

Other Property Details

Area Name

N8 - West Newport - Lido


Days on Market

294


Garage

Yes


Garage Spaces

2


Parking

Direct Access, Garage


Parking Total

4


View

Yes


View Description

City Lights


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

9/8/2023

Price Change

$5,499,000

-7%

Listing Contact: 949-717-7100 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:19 AM UTC

 

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