215 32nd Street

Newport Beach, CA 92663

$4,995,000
Price
8
Beds
5
Baths
2
1/2 Baths
3,000 Sq. Ft.
$1,665 / Sq. Ft.
3,000
Sq. Ft.
$1,665
per Sq. Ft.

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’...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.
  1. Listed by Chris Moreno • DRE #01503663 • Brokerage DRE #01778230 • Surterre Properties Inc. • 949-280-6357
  2. Listed by Cassie Hammond • DRE #01264839 • Brokerage DRE #01778230 • Surterre Properties Inc.

Property Details for 215 32nd Street

Architectural Style
Contemporary
View
City Lights
Parking Spaces Total
4
Private Pool
No
Cooling Type
Zoned Area(s)
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 09/27/2024 05:29 AM

Property Details for 215 32nd Street

StatusActive
MLS #NP24155482
Days on Market104
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built2020
Lot Size0.05 AC / 2,352 SF
CountyOrange County

Building Information for 215 32nd Street

Stories2Residences-Year Built2020Building Size-Lot Size0.05 AC / 2,352 SF

Property Information for 215 32nd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $501,940
  • Net Operating Income: $340,055
  • Gross Multiplier: 11.75
  • Cap Rate: 5.7
Expense Details
  • Operating Expense: $161,885
  • Fuel Expense: $0
  • Electric Expense: $2,250
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $161,885
Tax / Assessment Info
  • Tax Block: 132
  • Tax Tract Number: 418
  • Tax Census Tract: 635.00
  • CFD/Mello-Roos Fee: $521
  • Tax Lot: 17
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Curbs, Fishing, Hiking, Watersports, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
  • Equipment: Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Gas Range
  • Interior Features: Built-in Features, Ceiling Fan(s), Furnished, Living Room Balcony, Recessed Lighting, Stone Counters
  • Room Type: All Bedrooms Up, Bonus Room, Den, Galley Kitchen, Kitchen, Laundry, Primary Bathroom, Primary Bedroom, Separate Family Room, Walk-In Closet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 0
  • Bedroom Features: All Bedrooms Up, WalkInCloset
  • Kitchen Features: Stone Counters, Galley Kitchen
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, Inside
  • Laundry Location: Inside
  • Laundry Utilities: Gas, Gas & Electric Dryer HU
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: Electric, Zoned
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Floor Coverings: Linoleum/Vinyl
  • Flooring: Vinyl
Exterior Features
  • Entry Location: ground level
  • Structure Type: Duplex
  • Miscellaneous: Storm Drains
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Direct Entrance
  • Parking Garage Spaces: 2
  • Parking Garage: Direct Garage Access
  • Carport Spaces: 2
  • Attached Garage: Yes
  • Parking Features: Direct Garage Access
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (BALP)
  • Builders Tract Code: Balboa Peninsula (Residential) (BALP)
  • Architectural Style: Contemporary
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $82,500
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $192,500
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 215 32nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 215 32nd Street

Taxable ValueLand$3,708,046Additions$575,954Total$4,284,000
Tax Record2024$45,642 ($3,803 / month)
Home Facts
Total Finished SqFt1,520 SqFtAbove Grade Finished SqFt1,520 SqFtLot Size2,375 SqFtStyleMulti-Family Dwelling (2-4)Year Built1961CountyORANGEAPN423-353-17Fireplace TypeHas Fireplace

Schools near 215 32nd Street

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Newport Elementary School
PublicK to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor High School
Public9 to 12

Monte Vista High School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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215 32nd Street is a townhouse for sale in Newport Beach, CA 92663. This property was listed for sale on July 29, 2024 by Surterre Properties Inc., it's currently listed at $4,995,000. It has been on the market for a total of 104 days and was last sold on December 6, 2022. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Newport Elementary School, Horace Ensign Intermediate School and Newport Harbor High School. 215 32nd Street is a 8-bed, 6-bath, 3,000 sqft townhouse built in 2020.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Surterre Properties Inc., Chris Moreno, DRE #01503663; Surterre Properties Inc., Cassie Hammond, DRE #01264839

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.