Contact Xavier Gomez
Schedule A Showing
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: 6
- Price: $4,720,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1961
- Bldg sqft: 0
- Days On Market: 320
- Additional Information
- County: ORANGE
- City: Santa Ana
- Zipcode: 92707
- Subdivision: Other (othr)
- Provided by: 1000 Realty Corporation
- Contact: Benjamin Benjamin
- DMCA Notice
-
DescriptionGreat 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 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.
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
- 278
Electric Expense
- 716.54
Entry Location
- n/a
Fuel Expense
- 9800.00
Garage Spaces
- 0.00
Gardner Expense
- 2400.00
Insurance Expense
- 8178.00
Laundry Features
- Community
Laundry Income
- 250.00
Levels
- Two
Lot Features
- 36-40 Units/Acre
Netoperatingincome
- 316436.00
Newtaxesexpense
- 58156.00
Number Of Separate Electric Meters
- 21
Otherexpense
- 128.76
Otherexpensedescription
- Extingui
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
- 113930.00
Trash Expense
- 9520.80
Water Sewer Expense
- 14306.00
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