Santa Ana, CA 92707 1402 S Minnie Street S
$2,325,000
5 more
Presented By: Bijan Favakehi with Bijan Favakehi, Broker; 714-654-5626
Baths • 1
SQFT • 6,648
Home Details
SB721 Retrofitted building. The Minnie Avenue Apartments is a well-maintained ten-unit property located in the highly desirable rental market of Santa Ana, one of Southern California’s strongest multifamily markets. The building features a unit mix of eight one-bedroom/one-bath units and two two-bedroom/one-bath units, totaling approximately 6,648 square feet. Property amenities include gated entry, ample on-site parking, and a convenient on-site laundry facility. This asset represents a stable, turnkey investment opportunity in a strong rental market, offering investors the potential for reliable cash flow, long-term appreciation, and solid overall returns. This property Just went through modification to comply with SB721 Balcony Law. It is in compliance with SB721. The existing owner replaced the main sewer line, and the new owner will enjoy an easy to manage property.
Presented By: Bijan Favakehi with Bijan Favakehi, Broker; 714-654-5626
Interior Features for 1402 S Minnie Street S
Other Interior Features
Air Conditioning Y/NNo
Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesMultiple Staircases
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 1402 S Minnie Street S
AccessibilityNone
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate5.76
CitySanta Ana
Community FeaturesBiking, Sidewalks
ContingencyNA
CoolingNone
CountyOrange
DirectionsStandard-Edinger
Entry Location1
Garage Spaces
Garage Y/NNo
Gross Income204600
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense7151
Land Lease Y/NNo
LevelsTwo
Listing TermsCash to New Loan
Lot Size Square Feet9583
Lot Size UnitsSquare Feet
MLS Area699 - Not Defined
Net Operating Income143600
New ConstructionNo
Number Of Units Total10
Operating Expense61000
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
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot33
Tenant PaysCable TV, Electricity, Gas, Trash Collection, Water
Trash Expense7200
ViewNone
Water Sewer Expense7800
Year Built1961
Year Built SourceAssessor
Exterior for 1402 S Minnie Street S
Building Area Total6648
Lot FeaturesCorner Lot
Lot Size Acres0.22
Lot Size Area9583
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters0
Parking FeaturesAsphalt
Private PoolNo
SpaNo
Total Parking10
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®