16172 Malaga Lane
16172 Malaga Lane
$3,000,000
12
11
7,068
7,068
$424
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....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!
- Listed by Anne Pappas-Hipp • DRE #00454426 • Brokerage DRE #00454426 • Pappas & Hipp Realtors • 714-931-7904
Property Details for 16172 Malaga Lane
Parking Spaces Total
10
Private PoolNo
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area7068
Assessor Parcel Number107-771-03
Property Attached YNtrue
Location
LISTING UPDATED: 11/23/2023 09:44 PM
Property Details for 16172 Malaga Lane
Status | Active |
---|---|
MLS # | OC22259532 |
Days on Market | 490 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1967 |
County | Orange County |
Location
Building Information for 16172 Malaga Lane
Building/Complex16172 Malaga LnFloor-Stories2Residences-Pet Policy-Year Built1967Building Size-
Payment Calculator
$17,351 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 16172 Malaga Lane
Property History for 16172 Malaga Lane
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 16172 Malaga Lane
Taxable ValueLand$595,932Additions$338,172Total$934,104
Tax Record2023$11,752 ($979 / month)
Home Facts
Total Finished SqFt7,070 SqFtAbove Grade Finished SqFt7,070 SqFtStories2Lot Size9,336 SqFtStyleMulti-Family Res (5+ Units)Year Built1967CountyORANGEAPN107-771-03
Schools near 16172 Malaga Lane
This home is within Ocean View School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Westmont Elementary School PublicK to 5 | ||
Vista View Middle School Public6 to 8 | ||
Ocean View High School Public9 to 12 | ||
Coast High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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