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!
|
DAYS ON MARKET
|
495
|
LAST UPDATED
|
1/20/2023
|
|
TRACT
|
Other
|
YEAR BUILT
|
1967
|
|
COMMUNITY
|
Fountain Valley / Northeast HB
|
GARAGE SPACES
|
8.0
|
|
COUNTY
|
Orange
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| APPLIANCES |
Dryer, Washer |
| AREA |
Fountain Valley / Northeast HB |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| GARAGE |
Attached Carport, Door-Multi, Door-Single, Garage, Garage Door Opener, Garage Faces Front, Garage Faces Rear, Yes |
| HOA DUES |
0 |
| LOT |
9148 sq ft |
| LOT DESCRIPTION |
Front Yard, Lawn, Sprinkler System |
| PARKING |
Attached Carport,Door-Multi,Door-Single,Garage Faces Front,Garage,Garage Door Opener,Garage Faces Rear |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Other |
| WATER |
Public |
| ZONING |
2 |
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Listed with Pappas & Hipp Realtors
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/6/24 1:08 AM PDT and /or other sources. 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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