215 32nd Street Newport Beach, CA 92663
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.
- Property TypeMulti-Family
- NeighborhoodBalboa Peninsula (Residential) (Balp)
- CountyOrange
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site48 Days
- MLS StatusActive
- MLS ID NumberNP24155482
- Home Size Source Estimated
- Year Built2020
- Lot Size0.054 Acres
- Full Baths5
- Partial Baths2
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General Features
- Style Contemporary
- Parking Direct Garage Access
- Parking Spaces 4
- Sewer Public Sewer
- Number of Stories Three Or More2
- Acreage 0.054
- Water Public
- Property Sub Type Duplex
- Garage Spaces 2
- Attached Garage Yes
- Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
- Listing Conditions Standard
Interior Features
- Cooling ElectricZoned
- Heating Forced Air
- Appliances Built- In RangeDishwasherDisposalGas RangeMicrowaveRange HoodRefrigeratorTankless Water HeaterVented Exhaust Fan
- Flooring Vinyl
- Interior Built-in FeaturesCeiling Fan(s)FurnishedLiving Room BalconyRecessed LightingStone Counters
- Fireplace Features None
- Laundry Features Gas & Electric Dryer HookupGas Dryer HookupInside
- Fireplace No
Exterior Features
- View City Lights
- Spa No
- Pool Features None
- Spa Features None
- Lot 0-1 Unit/ Acre
- Road Frontage City Street
Community Features
- Association Dues 0
- Community Features BikingCurbsFishingHikingWatersportsSidewalksStorm DrainsStreet Lights
- Senior Community No
- MLS Area N8 - West Newport - Lido