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Jerry Barbanell
FOR SALE
$5,499,000

215 32nd Street
Newport Beach, CA 92663

Single Family, Duplex, Multi-Family
Residential
8
Beds
5
Baths
+
2 Half
3,000
Sq. Ft.
0.054
Acre Lot
Listing Agent: Chris Moreno - Surterre Properties Inc., 949-280-6357; chris@ilovenewport.com
Home> California> Newport Beach> 92663
TWO SHORT TERM LODGING PERMITS - 2023 Generated approximately $260k in revenue. 2024 is projected to be closer to $300kThis 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.
NP23063693
Residential - Single Family, Duplex, Multi-Family, Contemporary, 2 Story
8
5 Full/2 Half
2020
Orange
0.054 Acres
Public
2
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Listing Agent: Chris Moreno - Surterre Properties Inc., 949-280-6357; chris@ilovenewport.com
Licensed in: DRE# 01503663
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