​ Duplex in Los Angeles just 449K

Posted on May 3, 2017. Filed under: Informed Investor Alliance, Los Angeles property | Tags: , , , , , |

Opportunity knocks, and it’s twice as nice for this LA duplex! Located close to parks, freeways, & fun, this classic fixer has so much potential.

Not yet on MLS: 3710 McKenzie Avenue, Los Angeles

 

Centrally located in El Sereno on a quiet tree lined street between downtown LA & downtown Pasadena, with nearby access to 110, 5, and 10 freeways. You can stroll to Rose Hill Park & recreation center from this property, plus it’s very close to Ernest Debs Regional Park. This duplex has excellent potential and rarely comes to market – act quick!

The front unit, built in 1956, is a generous 1178 sq ft. There are 3 bedrooms, 1 bathroom, plus a bonus room (about 300 s.f.). Also included is a 1 car detached garage & driveway parking spaces.

The back unit, built in 1922, is approximately 636 sq ft. The quaint, completely separate home offers 2 bedrooms, 1 bathroom, plus driveway and street parking, it adds additional charm and income to the property.

Both units do have heating, but they are admittedly in need of TLC.

Priced at just $449,000 with a lot size of 7537, this duplex zoned LARD 3 leaves room for so much more! Just check out the zoning regulations and you’ll see lots of options to maximize this great property investment in LA.

Currently this property is owner occupied, and in a rent control area. The owners are looking for a short escrow and are offering tours by appointment. To discover if this is your next investment, simply call or text Angie at 949-338-7408 or fill out your info below:

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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

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