215 32nd Street, Newport Beach, CA 92663
215 32nd Street, Newport Beach, CA 92663
215 32nd Street, Newport Beach, CA 92663
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Chris Moreno • Surterre Properties Inc.
$5,499,000
Est. payment /mo
3,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $1,833

Subdivision Balboa Peninsula (Residential)

MLS Listing ID NP-23061062

Style Contemporary

Year Built 2020

Lot Size 2,352 Sqft

Property Sub-Type Duplex

Property Description

TWO SHORT TERM LODGING PERMITS - 2023 Generated approximately $260k in revenue. 2024 is projected to be closer to $300k 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.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Interior

Interior Features Ceiling Fan(s), Built-In Features, Furnished, Living Room Balcony, Recessed Lighting, Stone Counters

Heating Forced Air

Cooling Electric, Zoned

Flooring Vinyl

Laundry Gas & Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Parking Features Direct Garage Access

Garage Spaces 2.0

Pool None

Community Features Biking, Curbs, Fishing, Hiking, Sidewalks, Storm Drains, Street Lights, Watersports

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

View Y/N Yes

View City Lights

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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Nearby School & Business

Paul Ward
Paul Ward

Broker Associate License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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