16172 Malaga Lane

Huntington Beach, CA 92647

$3,000,000
Price
12
Beds
11
Baths
7,068 Sq. Ft.
$424 / Sq. Ft.
7,068
Sq. Ft.
$424
per Sq. Ft.

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!
  1. 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 Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7068
Assessor Parcel Number
107-771-03
Property Attached YN
true

Location

Listing Courtesy of Pappas & Hipp Realtors, Anne Pappas-Hipp, DRE #00454426
Add your commute
LISTING UPDATED: 11/23/2023 09:44 PM

Property Details for 16172 Malaga Lane

StatusActive
MLS #OC22259532
Days on Market490
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1967
CountyOrange County

Location

Listing Courtesy of Pappas & Hipp Realtors, Anne Pappas-Hipp, DRE #00454426
Add your commute

Building Information for 16172 Malaga Lane

Building/Complex16172 Malaga LnFloor-Stories2Residences-Pet Policy-Year Built1967Building Size-

Payment Calculator

$17,351 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,372

Property Taxes

$979

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 16172 Malaga Lane

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $150
  • Gross Scheduled Income: $122,500
  • Gross Operating Income: $122,500
  • Net Operating Income: $99,765
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $150
  • Laundry Income: $1,100
Expense Details
  • Operating Expense: $22,765
  • New Taxes Expense: $9,972
  • Fuel Expense: $1,900
  • Licenses Expense: $190
  • Electric Expense: $1,500
  • Insurance Expense: $2,142
  • Professional Management Expense: $0
  • Trash Expense: $2,000
  • Water Sewer Expense: $2,500
  • Total Expenses: $22,765
Tax / Assessment Info
  • Tax Tract Number: 6209
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 8
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Sidewalks, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Included
  • Laundry Equipment Own Lease: Own
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Lawn, Lot 10000-19999 Sqft, Sprinkler System
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage: Door Opener, Garage - 1 Car, Garage - 2 Car
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 8
  • Carport Spaces: 1
  • Parking Features: Attached Carport, Garage Faces Front, Garage Faces Rear, Garage - Single Door, Garage - Two Door, Garage Door Opener
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,165
  • Unit Type Total Rent: $2,165
  • Unit Type Pro Forma: 2890
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,195
  • Unit Type Total Rent: $1,195
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,845
  • Unit Type Total Rent: $1,845
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,315
  • Unit Type Total Rent: $1,315
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Number With Carpet: 6
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Patio: 4

Property History for 16172 Malaga Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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16172 Malaga Lane is a multi-family home for sale in Huntington Beach, CA 92647. This property was listed for sale on December 27, 2022 by Pappas & Hipp Realtors, it's currently listed at $3,000,000. This listing's school districts are Ocean View School District, Huntington Beach Union High School District. Nearby schools include Westmont Elementary School, Vista View Middle School and Ocean View High School. 16172 Malaga Lane is a 12-bed, 11-bath, 7,068 sqft multi-family home built in 1967.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pappas & Hipp Realtors, Anne Pappas-Hipp, DRE #00454426

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.