215 32nd ST Active

Newport Beach,CA 92663

$ 4995000

8 Beds

7 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP24155482

Bedrooms 8

Full Baths 5

Half Baths 2

Year Built 2020

Lot Size 2,352 Sqft

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.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Rooms

Ensuite Laundry Electric Dryer Hookup,Gas Dryer Hookup,Inside

Interior

Laundry Location Electric Dryer Hookup,Gas Dryer Hookup,Inside

Heating Forced Air

Cooling Electric,Zoned

Flooring Vinyl

Fireplaces Type None

Laundry Electric Dryer Hookup,Gas Dryer Hookup,Inside

Exterior

Garage Direct Access,Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking,Curbs,Fishing,Hiking,Storm Drain(s),Street Lights,Sidewalks,Water Sports

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

View Y/N Yes

View City Lights

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Duplex

Story 2

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Newport Mesa Unified

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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