1426 Minnie Street, Santa Ana, CA, CA 92707
- $4,720,000
- List Price
- $4,720,000
- Status
- ACTIVE
- MLS#
- AR24144156
- County
- Orange
- Year Built
- 1961
- Building Square Feet
- 14,268
- Square Feet
- 20,736
- Days on Market
- 746
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- N/A
Property Description
Great cashflow! Current actual income is $440,081.16. Current actual CAP Rate is 6.91%. Market rent is $508,8000. Market CAP Rate is 8.24%. 20 high demand rental units located in the heart of Orange County. Separate APN numbers so buyer does not need on-site manager. Amenities include a spacious and quiet central courtyard, security doors, 2 on-site laundry rooms, and ample surface parking. Minnie Street is located just south of Santa Ana’s Downtown and is within the Pacific Park neighborhood. The property is within 1 mile of the bustling retail corridor of Downtown Santa Ana which provides residents with convenient access to a plethora of retail, dining, and entertainment options. The property is conveniently located within 0.75 miles to Kennedy Elementary School, Lathrop Intermediate School, and Century High School. Convenient excess to I-5 freeway. Separate electric meters paid by tenants. The landlord pays for water, trash, gas, and sewer. 8-2 bedrooms and 12-1 bedroom. The rent is below market bringing upside opportunity to increase rents by new buyer.
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Additional Information
- Parcel Number
- 01425205
- Rent Control
- Yes
- Common Interest
- Community Apartment
- Gross Scheduled Income
- $440,081
- Operating Expense
- 113930
- Net Operating Income
- $326,151
- Number of Buildings
- 2
- Lot Features
- 36-40 Units/Acre
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Curbs
Listing courtesy of Listing Agent: Benjamin Lin (cbbenlin@hotmail.com) from Listing Office: 1000 Realty Corporation.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.