$4,720,000
- Beds
- Unknown
- sq ft
- Unknown
1426 Minnie St, Santa Ana, CA 92707
1426 Minnie St
Santa Ana, CA 92707
- 164 days on market
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 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. Current actual income is $403,404 with 6% CAP. Market rent is $508,800.
Details
Property type
Apartment
Lot size
0.476 acres
Price per sq ft
Unknown
Year built
1961
HOA
No
Price History
07/13/2024
CRMLS #AR24144156
Listed
$4,720,000
+29.14%
11/17/2017
CRMLS #OC17182426
Sold
$3,655,000
Schools & Community
Neighborhood:
Cornerstone Village
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Curbs
Community features:
Curbs
Status: Active
Tomo last checked: 12/24/2024 at 6:10 AM
Listing updated: 12/05/2024 at 6:55 AM
Listed by: Benjamin Lin, 1000 Realty Corporation Phone #: (626) 656-8600
MLS: CRMLS #AR24144156
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