16172 Malaga Lane Huntington Beach, CA ^$ 3,000,000

16172 Malaga Lane

^$ 3,000,000

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16172 Malaga Lane

Huntington Beach, CA, 92647

^$ 3,000,000

Bedrooms12 Baths9.1 Sq 7,068

Monthly Estimate*

^$ 20,956

Listed by Pappas & Hipp Realtors

16172 Malaga Lane, Huntington Beach, CA 92647 - Image 1

16172 Malaga Lane, Huntington Beach, CA 92647 - Image 2

16172 Malaga Lane, Huntington Beach, CA 92647 - Image 3

Multi-Family Home for sale in Huntington Beach, CA

for $3,000,000 with 12 bedrooms and 9 full baths, 1 half bath. This 7,068 square foot home was built in 1967 on a lot size of 0.21.

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!

Multi-Family Active

Price

^$ 3,000,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.21

Year Built

1967

Town/City

Huntington Beach

County/Region

Orange

MLS | Web ID

OC22259532

Days on Market

505

Features

General

Sewer PublicSewer

Possession CloseOfEscrow

Appliances Dryer Washer

Zoning 2

HOA 0.0

Garage Spaces 8.0

Pool Features None

Year Built 1967

Tenant Pays Electricity

Stories 2

Levels Two

Property SubType Apartment

Gross Income 150.0

Community Features Curbs Sidewalks Urban

County Orange

Net Operating Income 99765.0

Operating Expense 22765.0

Insurance Expense 2142.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Other

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions South on Beach Boulevard East on Stark to Malaga Lane Huntington beach

City Huntington Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Open Parking Spaces 1.0

Total Units 6

MLS Area 16 - Fountain Valley / Northeast HB

Lot Size Square Feet 9148.0

Private Pool N

Waterfront Y/N N

Carport Spaces 1.0

Carport Y/N Y

Number of Units Leased 6

Street Name Malaga

Listing Terms Cash CashtoNewLoan Conventional Contract

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 1500.0

Home Warranty Y/N N

Fuel Expense 1900.0

Trash Expense 2000.0

Water Sewer Expense 2500.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 331

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 8

Total Actual Rent 122520.0

Property Sub Type Additional Apartment

Taxes 9972.0

Exterior

Parking Features AttachedCarport DoorMulti DoorSingle GarageFacesFront Garage GarageDoorOpener GarageFacesRear

Lot Features FrontYard Lawn SprinklerSystem

Water Source Public

Total Parking 10.0

Lot Size Area 9148.0

Number of Buildings 1

Spa N

Building Area Total 7068.0

Lot Size Acres 0.21

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 0

Number of Separate Electric Meters 6

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Lane

Laundry Features CommonArea LaundryRoom

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 16172

* Excluded Features

List By

Pappas & Hipp Realtors

Broker

(714) 931-7904

Phone

Affordability Calculator

$20,956

Per Month

Monthly Principal & Interest: $20,956
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Huntington Beach, CA

Average List Price ^$2,745,552

Percent of Sale Price 8%

About Huntington Beach, CA

200,643 Population

5% Since 2002

^$88,114 Median Income

42.31 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/28/2022	$3,000,000		Listed Price

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16172 Malaga Lane, Huntington Beach, CA, 92647 is a Multi-Family Home for sale at $3,000,000 with 7,068 sqft and a lot size of 0.21. 16172 Malaga Lane has 12 bedrooms, 9.1 baths, and was built in 1967. The property's zip code is 92647 which is in Huntington Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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16172 Malaga Lane

Multi-Family Home for sale in Huntington Beach, CA

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