1426 Minnie Street

Property Overview
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.
Home Details
- Property type
- ResidentialIncome - Apartment
- Year built
- 1961
- Lot size
- 20,736 sq ft
- Parking
- 20 spaces
- Stories
- 2.0
- Days on market
- 531
- MLS status
- Active
Features & Amenities
Pool
- None
Lot
- Thirty Six To Forty Units Acre
Community, Schools & Utilities
Community
- Subdivision
- n/a
Utilities
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions
Homeowner resources
Certified San Diego home inspectors
Schedule an inspectionTrusted local movers
Get a quoteCA homeowners insurance
Get a quoteDisclosure: We may have a referral relationship with selected providers.
Get More Info
TestimonialsCrown Coastal Support Team
Direct support from our real estate team
“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

