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 Details
Property Features
Property Information:
Architectural Style: Contemporary
Year Built: 2020
Stories: 2
Living Area: 3,000 SqFt
Listing Office:
Office Name: Surterre Properties Inc.
Office Phone: (949) 280-6357
Listing Agent: Chris Moreno
Interior Features
Interior Information:
Appliances: Range, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan
Flooring Type: Vinyl
Interior: Built-in Features, Balcony, Ceiling Fan(s), Furnished, Stone Counters, Recessed Lighting, All Bedrooms Up, Galley Kitchen, Walk-In Closet(s)
Fireplace: None
Bedroom and Bathroom Information:
Partial Bathrooms: 2
Full Bathrooms: 5
Total Bedroom Count: 8
Exterior Features
Exterior Information:
Private Pool: No
View: City Lights
Parking Information:
Garage Space: 2 spaces
Attached Garage: Yes
Parking: Direct Access, Garage
Lot Features
Lot Information:
Lot Size: 0.05 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Electric, Zoned
Other
Directions Information:
Directions: Southeast on Balboa Bvld turn left on 32nd, on the left side. Or - south on Newport Blvd turn right on 32nd street, on the right side
Price Information
Listing Price Info
Price Summary:
List Price: $4,995,000
Price Per SqFt: $1,665/SqFt
Tax Information:
Annual Amount: $16,965
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Newport Beach, CA.
This property is $1.5M more than the Median Sold Price and $238/SqFt more than other homes in Newport Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #NP24155482
Listing Office:
Office Name: Surterre Properties Inc.
Office Phone: (949) 280-6357
Listing Agent: Chris Moreno
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/15/2024, 5:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 06, 2018
Dec 06, 2018Home Sold
$950,000
Jun 17, 1992
Jun 17, 1992Home Sold
$328,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$16,965
$1,563,537
2020
$12,052
$1,142,227
2019
$5,778
$1,100,000
2018
$5,778
$509,755
2017
$5,677
$499,760
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Newport Elementary School
1327 W Balboa Blvd
Distance between this listing and this school1.01 miles
Public District Grades KG-6
7
/10
Newport Heights Elementary School
300 E 15th St
Distance between this listing and this school1.13 miles
Public District Grades KG-6
4
/10
Whittier Elementary School
1800 Whittier Ave
Distance between this listing and this school1.82 miles
Public District Grades KG-6
Nearby Schools
8
/10
Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school0.95 miles
Public District Grades 7-8
7
/10
Isaac L. Sowers Middle School
9300 Indianapolis Ave
Distance between this listing and this school3.89 miles
Public District Grades 6-8
8
/10
Talbert (Samuel E.) Middle School
9101 Brabham Dr
Distance between this listing and this school5.03 miles
Public District Grades 6-8
Nearby Schools
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school1.26 miles
Public District Grades 9-12
6
/10
Estancia High School
2323 Placentia Ave
Distance between this listing and this school3.00 miles
Public District Grades 9-12
9
/10
Edison High School
21400 Magnolia St
Distance between this listing and this school3.28 miles
The neighbors living near this home have an average income of $137,037. Residents of Newport Beach, CA typically earn between $100k-200k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
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This home is located at 215 32nd St in Newport Beach, CA and zip code 92663 in the West Newport Beach neighborhood. This 3,000 square foot home, which was built in 2020, sits on a 0.05 acre lot. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $4,995,000.
Newport Beach, CA housing market in October 2024 saw over 6 listings sold above listed price, more than 10 sold at listed price and over 52 sold below. The number of listings in Newport Beach, CA increased by 2.6% between September 2024 and October 2024. The median list price of listings available in October 2024 was $3,475,000, while the average time on the real estate market was 50 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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