$3,655,000
SOLD NOV 17, 2017

1426 Minnie St Santa Ana, CA 92707

Southeast Industrial District Neighborhood
3 Beds
2 Baths
14,268 Sq Ft
0.48 Acres

Recently Sold

$256 Per Sq Ft

10 Days on Market

Highlights

  • 20,909 Sq Ft lot
  • No HOA
  • Laundry Room

About This Home

As of November 2017

Attractively priced twin 10 unit buildings on separate lots. Offering a well balanced unit mix and low rents the opportunity this offering presents is hard to find in this market. With 12 one bedroom one bath and 8 two bedroom one bath units, on site laundry and a quiet court yard this property stays rented. Parking is open in the rear of the lot, tenants pay their electricity and the landlord pays for water, trash, gas, and sewer.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 08/14/2017

Last Buyer's Agent

Benjamin Lin

RE/MAX 1000 REALTY License #```

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
  • 014-252-05

Home Design

  • Property Attached

Interior Spaces

  • 14,268 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • Parking Available
  • Unassigned Parking

Additional Features

  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 252
  • Tax Tract Number 14
  • Assessor Parcel Number 01425206

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 20 Units

Amenities

  • Laundry Facilities

Building Details

  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $3,500
  • Fuel Expense $4,673
  • Gardener Expense $1,200
  • Insurance Expense $4,918
  • Maintenance Expense $10,217
  • Professional Management Expense $15,898
  • Trash Expense $3,600
  • Water Sewer Expense $13,209
  • New Taxes Expense $43,099
  • Operating Expense $100,314
  • Gross Income $283,056
  • Net Operating Income $174,250

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Professional Management Expense: 15898.00
  • Property Attached: Yes
  • Water Sewer Expenses: 13209.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 01425206
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 256.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 20.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 3600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 014-252-05
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 20908.80

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 3500.00
  • Fuel Expense: 4673.00
  • Gross Income: 283056.00
  • Gross Operating Income: 274564.00
  • Gross Scheduled Income: 283056.00
  • Insurance Expense: 4918.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 488.00
  • Maintenance Expense: 10217.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 174250.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 20
  • Operating Expense: 100314.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Expenses: 100314.00
  • Vacancy Allowance: 8492
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 43099.00
  • Tax Lot: 252
  • Tax Tract Number: 014

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Benjamin Lin

    Seller's Agent in 2024

    Benjamin Lin

    1000 Realty Corporation

    (626) 200-5004

    14 Total Sales

    Benjamin Lin
    Section Image
  • Mike Marcu

    Seller's Agent in 2017

    Mike Marcu

    Mike Marcu, Broker

    (562) 260-0940

    1 in this area

    18 Total Sales

    Mike Marcu
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17182426

California Regional Multiple Listing Service (CRMLS)
California Orange County Santa Ana 92707 Southeast Industrial District

1426 Minnie St, Santa Ana, CA

This home is located at 1426 Minnie St, Santa Ana, CA 92707 and is currently priced at $3,655,000, approximately $256 per square foot. This property was built in 1961. 1426 Minnie St is a home located in Orange County with nearby schools including Madison Elementary School, Julia C. Lathrop Intermediate School, and Century High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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