Homes for sale - 1426 Minnie ST, Santa Ana, CA 92707

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 4,720,000

Est. payment -/mo

Save

Active

1426 Minnie ST Santa Ana, CA 92707

14,268 SqFt

UPDATED:

07/23/2024 11:59 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 14,268 sqft

Price per Sqft $330

Subdivision Other (Othr)

MLS Listing ID AR24144156

HOA Y/N No

Year Built 1961

Lot Size 0.476 Acres

Acres 0.476

Property 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.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Laundry Community

Exterior

Pool None

Community Features Curbs

Private Pool No

Building

Lot Description 36-40 Units/Acre

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

BAC 2.0

TERMS Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE See Remarks

SHOW INSTRUCTIONS Drive by. Don't Disturb tenants.

Listed by 1000 Realty Corporation

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

GET MORE INFORMATION

QUICK SEARCH