16172 Malaga Lane, Huntington Beach, CA 92647
-
Listed Price :
$3,000,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1967
Property Description
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!
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Laundry Room |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
16172 Malaga Lane |
| City |
Huntington Beach |
| State |
CA |
| Zip |
92647 |
| County |
Orange |
| Listing Agent |
Anne Pappas-Hipp DRE #00454426 |
| Courtesy Of |
Pappas & Hipp Realtors |
| List Price |
$3,000,000 |
| Status |
Hidden |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
9,148 |
| Year Built |
1967 |
Listing information courtesy of: Anne Pappas-Hipp, Pappas & Hipp Realtors. *Based on information from the Association of REALTORS/Multiple Listing as of Jul 10th, 2024 at 8:54 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
