215 32nd Street, Newport Beach, CA 92663

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215 32nd Street,Newport Beach, CA 92663
$4,700,000
  • 8 Beds
  • 7 Baths
  • 3,500 sq. ft.
  • Multi-family
  • Active
Listed by:chris moreno
Office:surterre properties inc.
MLS#:NP25056815
Source:CRMLS

Price summary

  • Price:$4,700,000
  • Price per sq. ft.:$1,342.86

About this home

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

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Home facts

  • Year built:2020
  • Listing Id #:NP25056815
  • Added:152 day(s) ago
  • Updated:August 13, 2025 at 01:10 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:7
  • Full bathrooms:5
  • Half bathrooms:2
  • Living area:3,500 sq. ft.

Heating and cooling

  • Cooling:Electric, Zoned
  • Heating:Forced Air

Structure and exterior

  • Year built:2020
  • Building area:3,500 sq. ft.
  • Lot area:0.05 Acres

Schools

  • High school:Newport Harbor
  • Middle school:Ensign
  • Elementary school:Newport

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$4,700,000
  • Price per sq. ft.:$1,342.86
Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2025 . 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, 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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