Listed by Anne Pappas-Hipp, Pappas & Hipp Realtors,

16172 Malaga Lane

Huntington Beach, CA, 92647

$3,000,000

$424 per ft²
$3,000,000
$424 per ft²
Active
Active
 - For Sale
carpenters-square
7,068 ft²
property_type
Multi-family
calendar
Built 1967
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!
MLS® ID:
OC22259532
Listed:
12/26/22
Updated:
2/3/23

Interior Features

Kitchen Appliances
Dryer, Washer
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area, Laundry Room

Exterior/Building Features

Lot Size
9,148 ft² lot
Lot Details
Front Yard, Lawn, Sprinkler System
Sewer
Public Sewer

Other Property Details

Area Name
16 - Fountain Valley / Northeast HB
Association Amenities
Curbs, Sidewalks, Urban
Garage
Yes
Garage Spaces
8
Parking
Attached Carport, Door-Multi, Door-Single, Garage Faces Front, Garage, Garage Door Opener, Garage Faces Rear
Parking Total
10.0
View
N
County
Orange
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
2
Buyer Agency Compensation
2.000

Listed by Pappas & Hipp Realtors, Anne Pappas-Hipp,
Listing Contact: 714-931-7904 

Based on information from California Regional Multiple Listing Service, Inc. as of 2/3/23. 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.

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Data last updated 3:06 AM UTC, 2/3/23

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