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Offered For Sale

16172 Malaga Lane

#OC22259532

MLF

Built in 1967

$3,000,000

About the property

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!

Features

General

  • Half Bathrooms 0
  • Real Estate Sub Type SingleFamilyResidence
  • Real Estate Type MLF
  • Square Feet 7,068
  • Stories 2
  • Year Built 1,967
  • Agent Name Anne Pappas-Hipp
  • Broker Id H21200
  • Office Name Pappas & Hipp Realtors
  • Days On Market 233
  • Status Active
  • Agent Office 714-931-7904

Location

  • Subdivision Other (OTHR)

Location

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