16172 Malaga Lane, Huntington Beach CA, 92647

Active

16172 Malaga Lane

Huntington Beach CA, 92647

$3,000,000

$424.45 per sqft

Active

7,068 sqft

Condo

Built in 1967

Listed by Anne Pappas-Hipp with Pappas & Hipp Realtors 714-931-7904

Available 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!

OC22259532

MLSⓇ ID

December 27, 2022

Listed

March 23, 2024

Updated

Map

16172 Malaga Lane
Huntington Beach CA, 92647

Interior Features

Total Stories: 2
Appliances: Dryer, Washer
Laundry Description: Common Area, Laundry Room
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.21 Acres
Lot Features: Front Yard, Lawn, Sprinkler System
Sewer: Public Sewer

Other Property Details

Area Name: 16 - Fountain Valley / Northeast HB
Days on Market: 331
Garage: Yes
Garage Spaces: 8
Parking: Attached Carport, Door-Multi, Door-Single, Garage Faces Front, Garage, Garage Door Opener, Garage Faces Rear
Parking Total: 10
View: No
County: Orange
Water Source: Public
Pool: No
Pool Features: None
Zoning: 2
Buyer Agency Compensation: 2%

Listing Contact: 714-931-7904

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:29 AM UTC