CA > Santa Ana
Santa Ana, CA 92707,1426 Minnie Street
Santa Ana, CA 92707,1426 Minnie Street
Santa Ana, CA 92707,1426 Minnie Street
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Listed by Benjamin Lin • 1000 Realty Corporation
$4,720,000
Est. payment /mo
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14,268 SqFt
Active

1426 Minnie Street Santa Ana, CA 92707

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Kenneth Er

Kenneth Er

+1(510) 828-8572

UPDATED:

07/24/2024 07:38 AM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 14,268 sqft

Price per Sqft $330

MLS Listing ID CRAR24144156

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1961

Lot Size 0.476 Acres

Property Sub-Type Other

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

Interior

Fireplace No

Laundry Community Facility

Building

Water Public

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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agent

Kenneth Er

Agent | License ID: 01942269

+1(510) 828-8572

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