Alta Realty Group Ca, Inc
Jeff Kraus, Alta Realty Group Ca, IncPhone: (949) 246-0456
Email: jeff@krausre.com
Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3Real estate listing preview #4Real estate listing preview #5Real estate listing preview #6Real estate listing preview #7Real estate listing preview #8Real estate listing preview #9
listing
1 of 9
Residential IncomeFor Sale
$4,720,000
1426 Minnie Street
Santa Ana, CA 92707
Listed by Benjamin Lin DRE#01383988 cbbenlin@hotmail.com 1000 Realty Corporation
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$24,464/mo

Great cashflow! Market CAP Rate is 8.24%. Current CAP is 6%. 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, on-site laundry, 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. Current actual income is $403,404 with 6% CAP. Market rent is $508,800.

Get in touch
Information courtesy of 1000 Realty Corporation is subject to verification and is not guaranteed.
Community / School Information