Huntington Beach CA  home offered at $3,000,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

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16172 Malaga Lane
Huntington Beach, California CA 92647
Price: $3,000,000
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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
Community Features: Curbs, Sidewalks, Urban
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
Senior Community: no
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

Zoning Info


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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

Contact - Listing ID OC22259532

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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