$3,000,000
16172 Malaga Lane, Huntington Beach 92647
12
Beds
11
Baths
9,148
Lot Size
6
# Of Units
Listing Agent
Anne Pappas-hipp - Pappas & Hipp Realtors - 714-931-7904Available for the first time in over 25+years, Malaga offers a rare opportunity to purchase six pride of ownership units in a very tight Huntington Beach submarket. Historically, the property has operated at less than 2% annual vacany due to below market rents. Currently there is approximately 19.8%+ Upside in rents! Situated on the West (ocean side) of the San Diego (405) Freeway, tenants have convenient access to Beach Boulevard (Hwy 39), local beaches, employment opportunities, and education. Other desirable are amenities include an abundance of commercial and retail options catering to students and young professionals including Target and the Bella Terra Mall; all within walking distance of Malaga apartments. Good unit mix and always rented: units are 1-3 bedrooms, 2.25 bath; 2-2 bedroom 2 bath; 2-2 bedroom 1 bath units; and one 1 bedroom 1 bath!
Facts & Features
| MLS® # | OC22259532 |
|---|---|
| Price | $3,000,000 |
| Bedrooms | 12 |
| Bathrooms | 11.00 |
| Lot Size | 9,148 |
| Year Built | 1967 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
| # Of Units | 6 |
Community Information
| Address | 16172 Malaga Lane |
|---|---|
| Area | 16 - Fountain Valley / Northeast HB |
| Subdivision | Other |
| City | Huntington Beach |
| County | Orange |
| Zip Code | 92647 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Parking | Attached Carport, Door-Multi, Door-Single, Garage Faces Front, Garage, Garage Door Opener, Garage Faces Rear |
| # of Garages | 8 |
| Garages | Attached Carport, Door-Multi, Door-Single, Garage Faces Front, Garage, Garage Door Opener, Garage Faces Rear |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Dryer, Washer |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Front Yard, Lawn, Sprinkler System |
|---|
Additional Information
| Date Listed | December 27th, 2022 |
|---|---|
| Days on Market | 492 |
| Zoning | 2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Anne Pappas-hipp |
|---|---|
| Office | Pappas & Hipp Realtors |
| Info | 714-931-7904 |