1426 Minnie Street, Santa Ana, CA 92707

$4,720,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Agent Remarks

Great cashflow! Current actual income is $430,366.36. Current actual CAP Rate is 6.7%. 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.

Listing Details

Property type: Apartment (Multi-Family)

Status: Active

MLS# AR24144156

Price: $4,720,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1961

2 stories

0.48 acres

Lot size: 0.4760