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16102 Malaga Lane, Huntington Beach, CA 92647

$2,299,000
Multi Family MLS# OC17182003 ID: 47028478
$2,299,000 Get Rates

Price reduction. First ever on market. Seller will consider carrying a first TD & note; call listing Broker for terms and conditions. The original owner has been an active manager for 46 years and has re-roofed the building (3) times, the building was fumigated approximately three years ago and the exterior was repainted ~two years ago with all dry rotted wood repaired or replaced. There is significant attainable rental upside with current rents approximately 11% under market. In an adjacent building the front 3bedroom + den unit which is 1900 sq. ft. is currently rented @$2900. Street rents for the one-bedroom units are up to $1650, and neighborhood two bedroom rents are $2,000+. The property features (1) very large 3-bedroom 2.5bath + paneled convertible den - which has always been used and configured as a 4th bedroom with walk in closet. It has a fireplace, washer dryer hook ups and attached garage. The balance of the building floor plans are ideal with (4) 2bedroom units up to 1150 sq. ft. and (1) large one bedroom unit of almost 800 sq. ft. There are seven enclosed garages plus two covered spaces. Each unit features wall/window. There is a community laundry room as well. The property is a short walk to Bella Terra mall and a short drive down Beach Blvd to Huntington pier and Pacific City.Rent increases effective 10\1 & 10\23

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Location Information near 16102 Malaga Lane
Offered by Steven Brombal at Kidder Mathews of California

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Property Features for 16102 Malaga Lane
Status
Market Status
Available
Last Updated
August 21, 2017
Description
Property Type
Multi Family
Year Built
1969
Stories
2.0

Building Features

  • Cooling System: Wall or Window Air Conditioner(s)
  • Heating System: Radiant Heat
  • Roof: Mansard Roof

Community Info

  • Home Owner Asso.: Community Laundry Facility(s)
  • Laundry Facilities

Exterior Features

  • Exterior Construction: Balcony (s)

Interior Features

  • Fireplace: Fireplace in Living Room
  • Interior Construction: Indoor Laundry Room

Location

  • MLS Area: 16 - Fountain Valley / Northeast Hb

Data Provided by California Regional Multiple Listing Service

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More information about this $2,299,000 Multi Family at 16102 Malaga Lane

This $2,299,000 Multi Family at 16102 Malaga Lane in Huntington Beach, CA is presented by Steven Brombal. This $2,299,000 Multi Family, located in the 92647 zip code, has the following property features: Cooling System, MLS Area, Fireplace, Heating System. This 16102 Malaga Lane Multi Family, located in Orange County , is listed under MLS listing number OC17182003 and has a listing price of $2,299,000. You can find more HUNTINGTON BEACH homes for sale here.