3602 Marcus Avenue, Newport Beach
$5,250,000 - 5 Beds, 4 Baths, 2,950 SfMLS® # NP25035301
Steiner Real Estate Invest.
215 32nd Street, Newport Beach
$4,800,000
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8 Beds
7 Baths
3,500 Sqft
.05 Acre
2 Garages
Welcome to an exceptionally rare opportunity to own a trophy asset in one of the most coveted locations in Newport Beach — with an up to 4-year Lease Option to Buy and $260K+ annual rental income from day one.
Located at the top of the Balboa Peninsula, just steps from the sand, this newly built 2020 duplex is fully furnished and short-term rental ready — complete with two transferable STR permits and a proven income history. Whether you’re looking to invest, 1031 exchange, or eventually move in, this property offers low entry, high upside, and total flexibility.
The property features two beautifully designed, turnkey units:
Rear Unit: 5BR / 3.5BA — Private direct access from the 2-car garage, open-concept kitchen and living, large bonus/media room, and a rooftop deck with stunning ocean, city, and mountain views.
Front Unit: 3BR / 2.5BA — A charming beachside retreat with a welcoming front porch on 32nd Street, perfect for indoor-outdoor living and entertaining.
Additional features include central AC & heat, 4-car parking (2-car garage + 2-car carport), and high-end finishes throughout.
Just a short stroll to the beach, Lido Marina Village, the Bayfront, local boutiques, coffee shops, and top-tier dining. Fast access to PCH and nearby freeways.
Whether you're an investor seeking immediate income and long-term appreciation, or a future homeowner wanting to lock in your dream home today and buy later—this is a Newport Beach opportunity you don’t want to miss.
Essential Information
- MLS® #
- NP25056815
- Price
- $4,800,000
- Bedrooms
- 8
- Bathrooms
- 7.00
- Full Baths
- 5
- Half Baths
- 2
- Square Footage
- 3,500
- Acres
- 0.05
- Year Built
- 2020
- Type
- Residential
- Sub-Type
- Duplex
- Style
- Contemporary
- Status
- Active
Community Information
- Address
- 215 32nd Street
- Area
- N8 - West Newport - Lido
- City
- Newport Beach
- County
- Orange
- Zip Code
- 92663
Subdivision
Balboa Peninsula (Residential) (BALP)
Amenities
- Parking Spaces
- 4
- # of Garages
- 2
- View
- City Lights, Mountain(s)
- Pool
- None
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking
Carport, Direct Access, Garage, Attached Carport, Garage Faces Rear
Garages
Carport, Direct Access, Garage, Attached Carport, Garage Faces Rear
Interior
- Interior
- Vinyl
- Heating
- Forced Air
- Cooling
- Electric, Zoned
- Fireplaces
- None
- # of Stories
- 2
- Stories
- Three Or More
Interior Features
Ceiling Fan(s), Granite Counters, Recessed Lighting, All Bedrooms Up, Walk-In Closet(s), Built-in Features, Furnished, Galley Kitchen, Stone Counters
Appliances
Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan
Exterior
- Lot Description
- ZeroToOneUnitAcre
School Information
- District
- Newport Mesa Unified
- Elementary
- Newport
- Middle
- Ensign
- High
- Newport Harbor
Additional Information
- Date Listed
- March 14th, 2025
- Days on Market
- 120
Listing Details
- Agent
- Chris Moreno
- Co-Agent
- Cassie Hammond(01264839)
- Office
- Surterre Properties Inc.
Property History
Price Reduced from $4,988,888 to $4,800,000
Price Increased from $4,900,000 to $4,988,888Price Reduced from $5,200,000 to $4,900,000
Price Reduced from $5,900,000 to $5,200,000
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Based on information from California Regional Multiple Listing Service, Inc. as of July 12th, 2025 at 1:56am PDT. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.