Offered For Sale

1426 Minnie Street

#AR24144156

MLF

Built in 1961

$4,720,000

About the property

Great cashflow! Current actual income is $430,366.36. Current actual CAP Rate is 6.7%. 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 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.

Features

General

  • Half Bathrooms 0
  • Real Estate Sub Type Apartment
  • Real Estate Type MLF
  • Square Feet 14,268
  • Stories 2
  • Year Built 1,961
  • Agent Name Benjamin Lin
  • Agent Cell 626-233-3678
  • Broker Id 30,094
  • Office Name 1000 Realty Corporation
  • Days On Market 376
  • Status Active

Location

  • Subdivision Other (OTHR)

Building

  • Exterior Features Curbs

Location

Questions

Human check: how many dogs are below?

         

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