1426 Minnie Street , Santa Ana, CA 92707
Santa Ana, CA 92707
Description
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
| MLS# | AR24144156 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 85 |
| Listing Provided By | 1000 Realty Corporation 626-656-8600 | Benjamin Lin |
Features
| SQ Feet | 14,268 |
|---|---|
| Story(s) | 2 |
| Units | 20 |
| Building(s) | 2 |
| Acreage | 0.48 |
Market Activity 92707
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92707 |
| Area | 69 Santa Ana South of First |
| Community Name | ,n/a |
| Listing VS Median (in ,n/a) | |
Price: $4,720,000 low | high Med: $0 On Site: 85 low | high Med: | |