MLS® AR24144156 · For Sale
1426 Minnie Street
Santa Ana, California, 92707
$4,720,000
1426 Minnie StreetSanta Ana, California
$4,720,000
- 6
- Bedrooms
- 4
- Bathrooms
- 0.476
- Acres
About This Home
Great cashflow! Current actual income is $440,081.16. Current actual CAP Rate is 6.91%. 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 Anas 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.
Features & Details
Interior
- Bedrooms
- 6
- Bathrooms
- 4
- Levels
- 2 Story
Exterior & Lot
- Lot Size
- 0.476 acres
- Pool
- N/K
- Stories
- 2
Community
- County
- Orange
Utilities & Terms
- Terms
- Cash
Listing courtesy by Benjamin Lin of 1000 Realty Corporation, (626) 233-3678
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