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1426 Minnie Street

Santa Ana, CA 92707

– beds
– baths
– sqft
~1/2 acre lot
1961 build
– on site

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 CRMLS_CA / Benjamin Lin / 1000 Realty Corporation / 626-233-3678

Last checked: Checking… • Last updated Dec 11, 2024 •

MLS# AR24144156 —

The Building

Year Built:

1961
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

14268.00
Building Area Units:

Square Feet
Total Number Of Units:

20
# of Buildings:

2
Stories Total:

2
Entry Level:

2
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

21

Interior

Levels:

Two
Entry Location:

n/a
Laundry:

Community
Laundry:

1

Location

Directions:

South of E. Edinger Ave., & West of S. Grand Ave.,

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

36-40 Units/Acre
Lot Size Area:

20736.0000
Lot Size Acres:

0.4760
Lot Size SqFt:

20736.00
Lot Size Source:

Public Records
Property Attached:

1
Additional Parcels:

Yes
Additional Parcels Description:

01425206
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

744.03
Tax Tract:

3533
Tax Lot:

37

The Listing

Special Listing Conditions:

Standard
Parcel Number:

01425205

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Other (OTHR)
Subdivision:

n/a
Features:

Curbs
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

20.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/13/24 Jul 13, 2024	Listed / Active	CRMLS_CA	$4,720,000	29.1% (4.4% / YR)
11/17/17 Nov 17, 2017		CRMLS_CA	$3,655,000

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This multifamily located in Southeast Industrial District, Santa Ana, CA 92707 is currently for sale for $4,720,000. 1426 Minnie Street is a – square foot multifamily with – beds and – baths that has been on Estately for 162 days. 1426 Minnie Street is in the Southeast Industrial District neighborhood of Santa Ana and has a WalkScore® of 71, making it very walkable. This multifamily is in the attendance area of James Madison Elementary School, Century High School, and Julia C. Lathrop Intermediate School.

Listing Courtesy of: CRMLS_CA and 1000 Realty Corporation. Based on information from California Regional Multiple Listing Service, Inc. as of 11:04 on Dec 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.