215 32nd Street, Newport Beach, California 92663, Newport Beach, 92663 - 8 bed, 7 bath

215 32nd Street, Newport Beach, California 92663 home-pic-0
ACTIVE$4,350,000
215 32nd Street, Newport Beach, California 92663
8Beds
7Baths
3,500Sqft
2,352Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Premium Price Point: The listing price of $4.35 million represents a substantial investment, potentially narrowing the pool of prospective buyers.

Compared to the nearby listings

Price:$4.35M vs avg $3.20M (+$1,150,000)84%
Size:3,500 sqft vs avg 2,440 sqft88%
Price/sqft:$1.2K vs avg $1.5K32%

More Insights

Built in 2020 (5 years old).
Condition: This property was built in 2020, making it only 4 years old, which immediately places it in the 'Excellent' category. The listing description confirms 'beautifully designed, turnkey units' with 'very nice finishes throughout,' including AC & heat. The images showcase modern, high-quality kitchens with white shaker cabinets, dark countertops, and stainless steel LG appliances, all appearing new. Bathrooms feature contemporary vanities, dark countertops, modern fixtures, and subway tile showers. The flooring is consistent light wood-look throughout, and all systems and finishes are virtually new, meeting current quality standards with no visible wear or deferred maintenance.
Year Built
2020
Close
-
List price
$4.35M
Original List price
$4.4M
Price/Sqft
$1,243
HOA
-
Days on market
-
Sold On
-
MLS number
NP25227739
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s)
Deck
ViewCity Lights,Mountain(s)

About this home

Located at the top of the Balboa Peninsula, just steps from the sand, this duplex is fully furnished and comes with two vacation rental short-term permits and proven rental income history. Whether you’re looking to invest, 1031 exchange, or move in, this property has so much to offer. This is the first property i have ever seen that was designed and built specifically for vacation rental. This 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 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. You can see the 32nd Street Lifeguard tower on the sand from the front of the house Additional features include AC & heat, 4-car parking (2-car garage + 2-car carport), and very nice 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 this is a Newport Beach opportunity you don’t want to miss.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-60.9mi
9/10
Newport Elementary School
Public,PK-61.0mi
7/10
Horace Ensign Intermediate School
Public,7-81.0mi
7/10
Newport Harbor High School
Public,9-121.2mi
Condition Rating
Excellent

This property was built in 2020, making it only 4 years old, which immediately places it in the 'Excellent' category. The listing description confirms 'beautifully designed, turnkey units' with 'very nice finishes throughout,' including AC & heat. The images showcase modern, high-quality kitchens with white shaker cabinets, dark countertops, and stainless steel LG appliances, all appearing new. Bathrooms feature contemporary vanities, dark countertops, modern fixtures, and subway tile showers. The flooring is consistent light wood-look throughout, and all systems and finishes are virtually new, meeting current quality standards with no visible wear or deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Exceptional Location: Situated on the Balboa Peninsula, just steps from the sand, and a short stroll to Lido Marina Village, dining, and boutiques, offering unparalleled beachside living and access.
Proven Income-Generating Asset: A fully furnished duplex with two vacation rental short-term permits and a documented rental income history, specifically designed for investment purposes.
Modern & Turnkey Construction: Built in 2020 with very nice finishes throughout, offering two beautifully designed, ready-to-occupy units with modern comforts like AC & heat.
Ample Parking: Features a rare and highly desirable 4-car parking capacity (2-car garage + 2-car carport), a significant advantage in a dense beach community.
Desirable Outdoor Spaces & Views: Includes a rooftop deck with city and mountain views for the rear unit and a charming front porch with beach views for the front unit, enhancing lifestyle appeal.

Cons

Premium Price Point: The listing price of $4.35 million represents a substantial investment, potentially narrowing the pool of prospective buyers.
Compact Lot Size: With a lot size of 2,352 sqft for a duplex, the property offers limited private outdoor space beyond the designated decks/porches.
Recent Price Adjustment: A recent price reduction from $4.4 million to $4.35 million could suggest initial overpricing or a longer-than-anticipated market time.

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