1426 Minnie St Santa Ana, CA 92707
Southeast Industrial District NeighborhoodEstimated payment $30,788/month
Total Views
23,803
18
Beds
10
Baths
14,268
Sq Ft
$331
Price per Sq Ft
Highlights
- 0.48 Acre Lot
- No HOA
- Laundry Room
About This Home
Great 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 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.
Listing Agent
1000 Realty Corporation Brokerage Phone: 626-233-3678 License #01383988 Listed on: 07/13/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 0.48 Acre Lot
- Two or More Common Walls
- Density is 36-40 Units/Acre
- 01425206
Parking
- 20 Parking Spaces
Home Design
- Apartment
Interior Spaces
- 14,268 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 18 Bedrooms
- 10 Bathrooms
Listing and Financial Details
- Tax Lot 37
- Tax Tract Number 3533
- Assessor Parcel Number 01425205
- $2,565 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 20 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 21 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $717
- Fuel Expense $9,800
- Gardener Expense $2,400
- Insurance Expense $8,178
- Maintenance Expense $10,320
- Other Expense $129
- Trash Expense $9,521
- Water Sewer Expense $14,306
- New Taxes Expense $58,156
- Operating Expense $113,930
- Gross Income $430,367
- Net Operating Income $316,436
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/13/2024 07/13/24 | For Sale | $4,720,000 | +29.1% | $331 / Sq Ft |
| 11/17/2017 11/17/17 | Sold | $3,655,000 | +0.1% | $256 / Sq Ft |
| 08/24/2017 08/24/17 | Pending | -- | -- | -- |
| 08/14/2017 08/14/17 | For Sale | $3,650,000 | -- | $256 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Santa Ana, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR24144156
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