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