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Sam And Eliza Othman

realtor@othmanteam.com +1(951) 333-5100

$ 4,720,000

Est. payment -/mo

Save

Active

1426 Minnie ST Santa Ana, CA 92707

0.48 Acres Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR24144156

HOA Y/N No

Year Built 1961

Lot Size 0.476 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs

Total Parking Spaces 20

Private Pool No

Building

Lot Description 36-40 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 01425205

Energy Description 9800.2

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Benjamin Lin 1000 Realty Corporation 626-233-3678

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

7

El Sol Santa Ana Science and Arts Academy

Public | KG - 8
7

John Muir Fundamental Elementary School

Public | KG - 5
7

Heritage Elementary School

Public | KG - 5
6

Riverdale Elementary School

Public | KG - 6
6

Gonzalo Felicitas Mendez Fundamental Intermediate School

Public | 5 - 8
6

Franklin Elementary School

Public | KG - 5
6

Walker Elementary School

Public | KG - 5
6

Guin Foss Elementary School

Public | KG - 5
5

Greenville Fundamental Elementary School

Public | KG - 5
5

Carl Harvey Elementary School

Public | KG - 5
5

Santiago K - 8 School

Public | KG - 8
5

Martin Elementary School

Public | KG - 5
5

Pio Pico Elementary School

Public | KG - 5
5

Orange County Educational Arts Academy

Public | KG - 8
5

Hoover Elementary School

Public | KG - 5
5

Madison Elementary School

Public | KG - 5
5

Jeane Thorman Elementary School

Public | KG - 5
5

Beswick Elementary School

Public | KG - 5
5

Loma Vista Elementary School

Public | KG - 5
4

Diamond Elementary School

Public | KG - 5

Middle Schools 11

10

Ocsa

Public | 7 - 12
5

Douglas Macarthur Fundamental Intermediate School

Public | 6 - 8
5

Columbus Tustin Middle School

Public | 6 - 8
4

McFadden Intermediate School

Public | 6 - 8
4

Raymond A. Villa Fundamental Intermediate School

Public | 6 - 8
4

Sycamore High (Alternative)

Public | 7 - 12
4

Currie Middle School

Public | 6 - 8
1

Carr Intermediate School

Public | 6 - 8
1

Willard Intermediate School

Public | 6 - 8
1

Lathrop Intermediate School

Public | 6 - 8
1

Sierra Preparatory Academy

Public | 6 - 8

High Schools 15

9

Nova Academy

Public | 9 - 12
8

Middle College High School

Public | 9 - 12
6

Segerstrom High School

Public | 9 - 12
6

Tustin High School

Public | 9 - 12
4

Saddleback High School

Public | 9 - 12
3

Valley High School

Public | 9 - 12
3

Century High School

Public | 9 - 12
2

Santa Ana High School

Public | 9 - 12
0

Lorin Griset Academy

Public | 9 - 12
0

Mater Dei High School

Private | 9 - 12
0

Central Orange County Cte Partnership (Ctep)

Public | 10 - 12
0

Cesar E. Chavez High School

Public | 9 - 12
0

Hillview High (Continuation)

Public | 9 - 12
0

Creekside High School

Public | 9 - 12
0

Irvine Adult Transition Programs

Public | 12 - 12

School and business data provided by Attom Data.

Sam And Eliza Othman

Broker Associate | License ID: 00928035 - 00961200

+1(951) 333-5100

Sam And Eliza Othman

1426 Minnie ST Santa Ana, CA 92707

Key Details

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Interior

Exterior

Building

Others

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1426 Minnie ST