Contact Xavier Gomez
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1426 Minnie Street, Santa Ana, CA 92707
Priced at Only: $4,720,000
For more Information Call
Mobile: 714.478.6676
Address: 1426 Minnie Street, Santa Ana, CA 92707
Property Photos
Property Location and Similar Properties
- MLS#: AR24144156 ( Apartment )
- Street Address: 1426 Minnie Street
- Viewed: 4
- Price: $4,720,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1961
- Bldg sqft: 0
- Days On Market: 166
- Additional Information
- County: ORANGE
- City: Santa Ana
- Zipcode: 92707
- Subdivision: Other (othr)
- Provided by: 1000 Realty Corporation
- Contact: Benjamin Benjamin
- DMCA Notice
-
DescriptionGreat 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 Anas 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.
Features
Additional Parcels Description
- 01425206
Association Fee
- 0.00
Building Area Total
- 14268.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 85
Electric Expense
- 1200.00
Entry Location
- n/a
Fuel Expense
- 12000.00
Garage Spaces
- 0.00
Gardner Expense
- 2400.00
Insurance Expense
- 9600.00
Laundry Features
- Community
Levels
- Two
Lot Features
- 36-40 Units/Acre
Netoperatingincome
- 283408.00
Newtaxesexpense
- 59000.00
Number Of Separate Electric Meters
- 21
Parcel Number
- 01425205
Pool Features
- None
Postalcodeplus4
- 2047
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 418905654:CRM
Subdivision Name Other
- n/a
Totalexpenses
- 119996.00
Trash Expense
- 8522.00
Water Sewer Expense
- 14074.00
Water Source
- Public
Year Built
- 1961
Year Built Source
- Public Records
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com