215 32Nd Street, Newport Beach, CA 92663

Property Description

TWO SHORT TERM PERMITS - 2023 Revenue - Real numbers generated = $275,000. Seller will do a "2/1" buydown- buy down the buyers rate 2% for the first year, and 1% the second year. 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 units consist of a 5-bedroom 3.5 bath rear unit beautiful kitchen and 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 has 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.

Interior Features

Laundry Information
Location(s) Electric Dryer Hookup, Gas Dryer Hookup, Inside
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Vinyl
Interior Information
Features Built-in Features, Balcony, Ceiling Fan(s), Furnished, Stone Counters, Recessed Lighting, All Bedrooms Up, Galley Kitchen, Walk-In Closet(s)
Cooling Type Electric, Zoned

Listing Information

Address 215 32Nd Street
City Newport Beach
State CA
Zip 92663
County Orange
Listing Agent Chris Moreno DRE #01503663
Co-Listing Agent Cassie Hammond DRE #01264839
Courtesy Of Surterre Properties Inc.
List Price $4,995,000
Status Active
Type Residential Income
Subtype Duplex
Structure Size N/A
Lot Size 2,352
Year Built 2020

Listing information courtesy of: Chris Moreno, Cassie Hammond, Surterre Properties Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:39 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.