1426 Minnie St - Apartments FOR SALE


Santa Ana, CA 92707- Cornerstone Village
$4,720,000 USD
626-233-3678
1426 Minnie St, Santa Ana, CA for Sale
$4,720,000 USD
Apartments - FOR SALE
1/17
null | 6.91% Cap Rate

1426 Minnie St
Santa Ana, CA 92707
Cornerstone Village


HIGHLIGHTS

  • Cash flow! Current income is $440,081.16. Current CAP Rate is 6.91%. Market rent is $508,8000. Market CAP Rate is 8.24%.
  • Convenient access to a plethora of retail, dining, and entertainment options
  • The rent is below market.
  • located within 0.75 miles to Kennedy Elementary School, Lathrop Intermediate School, and Century High School
  • High demand rental units
  • 2 APN numbers, buyer does not need on-site manager

OVERVIEW

Great cashflow! Current actual income is $440,081.16. Current actual CAP Rate is 6.91%. 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. The rent is below market bringing upside opportunity to increase rents by new buyer. Call listing agent to get details. 626-233-3678 Ben

FOR SALE DETAILS

PRICE

$4,720,000 USD

PRICE/SF

$331 USD /SF

# OF UNITS

20

PRICE/UNIT

$236,000

CAP RATE

6.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,735 SF

ZONING

R3, Santa Ana

APN/PARCEL ID

014-252-05,014-252-06

ASK ABOUT THIS PROPERTY

Benjamin Lin1000 Realty CorpMore Info
626-233-3678

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Benjamin Lin1000 Realty CorpMore Info
626-233-3678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.