Balboa Peninsula, Newport Beach – Best Deals on Property Duplexes

Posted on October 3, 2014. Filed under: Balboa's Best Property Deals, First Time Buyer help, Informed Investor Alliance, OC Property Profiles, Orange County Real Estate | Tags: , , , , , |

Balboa Peninsula views

Standing at the end of the Balboa Pier, a Newport Beach coastline pic.

Gorgeous Newport Beach, CA – an ideal retirement and vacation spot for so many.  Balboa Peninsula is seeing lots of changes this year – a new marina going in, lots of new restaurants and shops, multiple properties adding 2nd and 3rd stories – the area is truly in a ‘build up’ phase similiar to what we saw with Huntington Beach 10-15 years ago.For many, the “Newport” lifestyle is far out of reach.  Currently there is only ONE lonely condo on Balboa Peninsula under 1 million dollars, and it’s HOA is almost $800/mo – OUCH!  Is there anything affordable?  Are there any opportunities?  There sure are.  Lots of times with the higher end areas, buyers will opt for a multi-unit property as a stepping stone to get up to their McMansion.  They live in one unit, and rent out the other(s) so that the mortgage becomes affordable.  Many property owners keep the multi-unit forever, because rental rates on the peninsula can be insane.  Newport Beach vacation rents range from $150-1000 per NIGHT, so you can see the potential a second unit could have on your mortgage payment!  If you don’t like the vacation rental crowd, you can still rent on a 6 month or 1 year lease for a minimum of $2000/mo, even if the unit is the size of a closet without a garage or parking.  Ya, Newport Beach CA is that expensive and exclusive.

Here are the 3 best property duplex deals on Balboa Peninsula right now:

1.  Balboa Peninsula Duplex - Balboa's Best property deals211 34th St, Newport Beach CA 92663

$1,378,000

2 BR/1 BATH Lower unit
2 BR/1 BATH upper unit
1,900 sq ft
2,666 lot size

Situated in the bustling area of the peninsula, this duplex is walking distance to shops, beach, harbor, nightlife, and a ton of restaurants.  It is only one block to the sand.

 

Balboa Peninsula, CA property deals2.  417 Harding ST , Newport Beach 92661

$1,295,000

2 BR/1 BATH Front unit
2 BR/1 BATH Rear unit
2,119 sq ft
2,178 lot size

Harding is a quiet, interior peninsula street (rare!) walking distance to the Balboa Ferry, Fun Zone, harbor, beach, shops, bars, Sunday Classic Car show, Catalina Flyer and Balboa Pier.  Such an ideal location.  A tear down recently sold a couple doors down for about the same price.. so this property also offers big opportunity.

 

3.  Newport Beach duplexes1627 W Balboa BL , Newport Beach 92663

$1,495,000

2 BR/2 BATH unit
3 BR/3 BATH unit
2118 sq ft
2563 lot size

The only available peninsula duplex that offers units with more than 1 bath, this cottage style property is on the ocean side of Balboa Blvd with bigger units than the first two options.  It’s the closest listing to the new marina under development, and it’s still close to the Newport Pier, harbor, shops, restaurants and nightlife.

Balboa’s Best Deals

If you’re interested in more properties in Newport Beach, or Balboa Island’s best deals, just give us a call toll free at 877-230-3211, or tweet @AngieWeeks or @AskAngieTeam with your questions so we can get details.  You can also register your own property search through our website at:  http://properties.askangie.com


Read Full Post | Make a Comment ( None so far )

Recently on Orange County Real Estate Success…

Orange County Real Estate Appraisals – “Ask The Appraiser”!

Posted on September 25, 2014. Filed under: First Time Buyer help, Home Improvement Ideas, Home Seller Tips, Informed Investor Alliance, Lenders & Loan info, OC Property Profiles, Orange County Home Improvement, Orange County Real Estate |

Orange County Real Estate & Loans – Make it EASY!

Posted on July 24, 2014. Filed under: First Time Buyer help, Lenders & Loan info, Orange County Real Estate |

A Ferry Ride away from Paradise; Balboa Island

Posted on June 5, 2014. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate, Orange County things to do | Tags: , , , , , |

Newport Beach real estate – Balboa Peninsula homes for sale

Posted on April 23, 2014. Filed under: First Time Buyer help, Making Life Easier, Orange County CA Foreclosures, Orange County Real Estate, Orange County things to do | Tags: , , , , |

Not on the MLS San Clemente

Posted on March 21, 2014. Filed under: First Time Buyer help, Orange County Real Estate | Tags: , , , , |

Villagio in San Clemente – Homes for sale in San Clemente CA

Posted on March 18, 2014. Filed under: First Time Buyer help, OC Property Profiles, Orange County Real Estate | Tags: , , , , , , , |

Laguna Beach House Sale

Posted on March 17, 2014. Filed under: First Time Buyer help | Tags: , , , |

Home For Sale In Garden Grove

Posted on March 12, 2014. Filed under: First Time Buyer help |

Southern California Home Ownership Day 2014 – OC Home Fair

Posted on March 11, 2014. Filed under: First Time Buyer help, Home Seller Tips, Orange County Real Estate | Tags: , , |

What’s in store for Orange County Real Estate in 2014?

Posted on January 14, 2014. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Lenders & Loan info, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , , , , , |

Is it Mortgage D-Day? Qualifying for a Home Loan in CA Gets Harder

Posted on January 10, 2014. Filed under: First Time Buyer help, Informed Investor Alliance, Lenders & Loan info, Orange County Real Estate | Tags: , , , |

California Real Estate Market Update from Leslie Appleton Young

Posted on November 15, 2013. Filed under: First Time Buyer help, Informed Investor Alliance, Lenders & Loan info, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , , , |

Get $40,000 to Buy Your First Orange County Home

Posted on October 4, 2013. Filed under: First Time Buyer help |

The Ladera Ranch Real Estate Market is HOT!! Let the Weeks Team help you make the next move!!

Posted on June 6, 2013. Filed under: First Time Buyer help | Tags: , , , , |

Tax Benefits For Home Owners – Make the Most of Orange County Real Estate

Posted on February 11, 2013. Filed under: First Time Buyer help, Informed Investor Alliance, Making Life Easier, Orange County Real Estate | Tags: , , |

Do You Qualify as a New Orange County Home Buyer…?

Posted on January 25, 2013. Filed under: First Time Buyer help | Tags: , , , , , , , , , |

Condo in Orange Coming on the Market!!!

Posted on December 14, 2012. Filed under: First Time Buyer help, OC Property Profiles, Orange County Real Estate | Tags: , , , , , , |

Madrid Mission Viejo – A Great Community to

Posted on November 15, 2012. Filed under: First Time Buyer help | Tags: , , , , , |

California Real Estate Forecast 2012 – 2013

Posted on November 6, 2012. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Orange County Real Estate | Tags: , , , , , , , , , , , , , , , , |

    About

    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

    RSS

    Subscribe Via RSS

    • Subscribe with Bloglines
    • Add your feed to Newsburst from CNET News.com
    • Subscribe in Google Reader
    • Add to My Yahoo!
    • Subscribe in NewsGator Online
    • The latest comments to all posts in RSS

    Meta

Liked it here?
Why not try sites on the blogroll...

Follow

Get every new post delivered to your Inbox.

Join 813 other followers