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Listed by 1000 Realty Corporation, Benjamin Lin, Listing Contact: 626-233-3678 
6 Beds
4 Baths

$4,720,000

1426 Minnie Street, Santa Ana CA, 92707

Property typeMulti-family

Overview

Active

Listed Jul 13, 2024

Updated Aug 27

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.

$31,402/mo

Est. mortgage payment based on a $4,720,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
AR24144156

Interior Features

Bedrooms
6
Bathrooms
4
Basement
No

Exterior Features

Lot Size
0.48 Acres

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