1426 Minnie ST, Santa Ana, CA 92707
- $4,720,000
Listed by Benjamin Lin, from 1000 Realty Corporation
(If provided) CoList: from
- List Price
- $4,720,000
- MLS#
- CRAR24144156
- Status
- ACTIVE
- Lot Size
- 20,736
- Listing Area
- 69 - Santa Ana South Of First
- Year Built
- 1961
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
- Laundry Facilities
- Community Facility
- Lot Size
- 20,736
- Neighborhood
- 69 - Santa Ana South Of First
- Pool Description
- None
- Unincorporated Yn
- Yes
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