Property

Santa Ana, CA 92707 1426 Minnie Street

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Presented By: Benjamin Lin with 1000 Realty Corporation; 626-233-3678
  • MLS# AR24144156
  • 07/13/2024
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  • Baths • 1
  • SQFT • 14,268

Home Details

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.
Presented By: Benjamin Lin with 1000 Realty Corporation; 626-233-3678

Interior Features for 1426 Minnie Street

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Total Stories2

Other Rooms

Entry Level2

General for 1426 Minnie Street

Additional Parcels Description01425206
Additional Parcels Y/NYes
Building Area UnitsSquare Feet
Cap Rate6.7
CitySanta Ana
Community FeaturesCurbs
CountyOrange
DirectionsSouth of E. Edinger Ave., & West of S. Grand Ave.,
Electric Expense716.54
Entry Locationn/a
Fuel Expense9800.2
Garage Spaces
Garage Y/NNo
Gross Income430367
HOANo
HOA Fee$
Insurance Expense8178
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet20736
Lot Size UnitsSquare Feet
MLS Area69 - Santa Ana South of First
MaintenanceExpense10320
Net Operating Income316436
New ConstructionNo
Number Of Units Total20
Operating Expense113930
Pool FeaturesNone
PostalCitySANTA ANA
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision Namen/a
Tax Lot37
Taxes$58,156
Trash Expense9520.8
Water Sewer Expense14306
Year Built1961
Year Built SourcePublic Records

Exterior for 1426 Minnie Street

Building Area Total14268
Lot Features36-40 Units/Acre
Lot Size Acres0.476
Lot Size Area20736
Lot Size SourcePublic Records
Number of Buildings2
Number of Separate Electric Meters21
Number of Separate Gas Meters1
Number of Separate Water Meters1
Private PoolNo
Total Parking20
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Limor Zamir

Realtor®
Price $4,720,000
MLS#AR24144156
List Date 07/13/2024
Property Type Multi-Family
Phone 310.866.3778
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