$4,720,000
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1426 Minnie Street Santa Ana, CA 92707
Apartment
Residence
Beds
Baths
14,268
Sq. Ft.
0.48
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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Great cashflow! Market CAP Rate is 8.24%. Current CAP is 6%. 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, on-site laundry, and ample surface pa...rking. 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. Current actual income is $403,404 with 6% CAP. Market rent is $508,800.
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MLS#
AR24144156
Property Type
Apartment
Status
Year Built
1961
Square Feet
14,268
sq. ft
Lot Size
0.48
Stories
2.0
Sewer
Public Sewer
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