16172
Malaga Lane,
Huntington Beach,
California
CA
92647
Price: $3,000,000
Mortgage Calculator
Listing ID: OC22259532
Price/SqFt:
$424.45
Status:
Active
SqFt:
7,068
Sq Ft
Acres:
0.210
Acres
Subdivision:
Other (OTHR)
Year Built:
1967
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!
Primary Features
County:
Orange
Price/SqFt:
424.45
Property Sub Type:
Apartment
Property Type:
Residential Income
Subdivision:
Other (OTHR)
Year Built:
1967
Zoning:
2
Interior
Average 1 Bed Area Units:
Square Feet
Average 2 Bed Area Units:
Square Feet
Average 3 Bed Area Units:
Square Feet
Average Studio Area Units:
Square Feet
Building Area Units:
Square Feet
Common Walls:
2+ Common Walls
Garage Spaces:
8
Laundry:
yes
Laundry Features:
Community, Dryer Included, Individual Room, Washer Included
Levels:
Two
Number With Carpet:
6
Number With Dishwasher:
6
Number With Disposal:
6
Number With Drapes:
6
Number With Patio:
4
Number With Range:
6
Stories Total:
2
External
Carport Spaces:
1
Entry Level:
1
Entry Location:
1
Lot Features:
Front Yard, Lawn, Lot 10000-19999 Sqft, Sprinkler System
Lot Size Area:
9148
Lot Size Source:
Assessor
Lot Size Square Feet:
9148
Number Of Buildings:
1
Parking:
yes
Parking Features:
Attached Carport, Garage Faces Front, Garage Faces Rear, Garage - Single Door, Garage - Two Door, Garage Door Opener
Parking Total:
10
Pool Features:
None
Private Pool:
no
Property Attached:
yes
Sewer:
Public Sewer
Uncovered Spaces:
1
Water Source:
Public
Location
Country:
US
Elevation Units:
Feet
MLS Area Major:
16 - Fountain Valley / Northeast HB
Subdivision Name Other:
Other
Additional
Additional Parcels:
no
Assessments:
None
Association:
no
Days On Market:
331
List Agent State License:
00454426
List Office State License:
00454426
Lot Size Units:
Square Feet
New Construction:
no
Number Of Rented Garages:
1
Number Of Separate Electric Meters:
6
Number Of Units Leased:
6
Number Of Units Total:
6
Parcel Number:
10777103
Year Built Source:
Assessor
Financial
Electric Expense:
1500
Fuel Expense:
1900
Garage Rental Rate:
150
Gross Operating Income:
122500
Gross Scheduled Income:
122500
Insurance Expense:
2142
Land Lease:
no
Laundry Equipment Own Lease:
Own
Laundry Income:
1100
Net Operating Income:
99765
New Taxes Expense:
9972
Operating Expense:
22765
Price Per Unit:
500000
Rent Control:
no
Special Listing Conditions:
Standard
Tax Lot:
8
Tax Tract Number:
6209
Tenant Pays:
Electricity
Total Actual Rent:
122520
Total Expenses:
22765
Trash Expense:
2000
Water Sewer Expense:
2500
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Thursday, March 28th, 2024.
Based on information from CARETS as of Thursday, March 28th, 2024 01:20:37 PM. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
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Listed by: Anne Pappas-Hipp, DRE #00454426 from Pappas & Hipp Realtors
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