1426 South Minnie Street
$4,720,000
18
20
14,268
14,268
$331
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...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.
- Listed by Benjamin Lin • DRE #01383988 • Brokerage DRE #01804524 • 1000 Realty Corporation • 626-233-3678
Property Details for 1426 South Minnie Street
Parking Spaces Total
20
Private PoolNo
Total Units20.0
Building TypeAttached
Lot Size SourcePublic Records
Living Area14268
Assessor Parcel Number014-252-05
Property Attached YNtrue
LISTING UPDATED: 07/23/2024 09:59 AM
Property Details for 1426 South Minnie Street
Status | Active |
---|---|
MLS # | AR24144156 |
Days on Market | 109 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1961 |
County | Orange County |
Building Information for 1426 South Minnie Street
Building/Complex1426 S Minnie StFloor-Stories2Residences-Pet Policy-Year Built1961Building Size-
Property Information for 1426 South Minnie Street
Property History for 1426 South Minnie Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1426 South Minnie Street
Taxable ValueLand$2,122,416Additions$318,362Total$2,440,778
Tax Record2024$29,820 ($2,485 / month)
Home Facts
Total Finished SqFt7,135 SqFtAbove Grade Finished SqFt7,135 SqFtStories2Lot Size10,368 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountyORANGEAPN014-252-05
Schools near 1426 South Minnie Street
This home is within Santa Ana Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Madison Elementary School PublicK to 6 | ||
Julia C. Lathrop Intermediate School Public6 to 8 | ||
Century High School Public9 to 12 | ||
Cesar E. Chavez High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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