Active
16172 Malaga Lane
Huntington Beach CA, 92647
$3,000,000
$327.94 per sqft
Active
8 Beds
9,148 sqft
Multi-family
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
February 15, 2024
Updated
Map
16172 Malaga Lane
Huntington Beach CA, 92647
Interior Features
Total Stories
2
Bedrooms
8 Beds
Appliances
Range/Oven, Washer
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.21 Acres
Lot Features
Curbs, Sidewalks
Other Property Details
Days on Market
332
Garage
No
View
No
County
Orange
Pool
No
Pool Features
None
Zoning
Assessor
Buyer Agency Compensation
2%
Listed by Pappas & Hipp Realtors, Anne Pappas-Hipp,
Listing Contact: 714-931-7904
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