John E Burge

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 

1426 Minnie StreetSanta Ana, CA 92707

Multi-Family · 14,268 Sq. ft. | 0.48 Acres
$4,720,000 Active

1426 Minnie Street Overview

Time on Site:
716 days
Visits:
2

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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

1426 Minnie Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 14,268
  • Price/Sq.ft. $331
  • Lot 0.48 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: Community Apartment

Income/Expenses

  • Other Expense: 128.76
  • Electric Expense: 716.54
  • Fuel Expense: 9800.2
  • Gardener Expense: 2400.0
  • Gross Income: 430367.0
  • Gross Scheduled Income: 440081.0
  • Insurance Expense: 8178.0
  • Maintenance Expense: 10320.0
  • Net Operating Income: 326151.0
  • New Taxes Expense: 58156.0
  • Operating Expense: 113930.0
  • Trash Expense: 9520.8
  • Water Sewer Expense: 14306.0

Building Information

  • New Construction: No
  • Year Built: 1961

Location/Region

  • Country: US
  • County Or Parish: Orange
  • MLS Area Major: 69 - Santa Ana South of First
  • Postal City: SANTA ANA
  • Subdivision Name: n/a

Community/Development

  • Community Features: Curbs

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash,Cash to New Loan
  • Parcel Number: 01425205
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 14268.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Entry Location: n/a
  • Laundry Features: Common Area
  • Levels: Two
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Total: 20.0

Lot Information

  • Additional Parcels Description: 01425206
  • Additional Parcels: Yes
  • Lot Features: 36-40 Units/Acre
  • Lot Size Acres: 0.476
  • Lot Size Area: 20736.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 20736.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Total: 20
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

1426 Minnie Street Neighborhood

Community

92707 (Santa Ana) Demographics

32
Median Age
12,514
Population Density (per sq. mile)
22%
College Educated
$86,001
Estimated Median Income
7,498
Estimated Total Home Owners
7,099
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1426 Minnie Street Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1426 Minnie Street Market Data

Based on the last 30 days in this zip code

$799,770
Average List Price
$661
Average Price per Square Foot
17
Properties Sold
74
Average Days on Market
74
Properties for Sale
Calculations provided by Reliance Network

1426 Minnie Street History

Date Event Value Agent
7/13/2024Source: CRMLS Added to Database
July 13, 2024
Listing provided courtesy of 1000 Realty CorporationBenjamin Lin- MLS# AR24144156MLS ProviderContact Information: 626-656-8600
Cookie Button: