Log In/Sign Up
Your email has been sent.
1426 Minnie St 20 Unit Apartment Building $4,720,000 ($236,000/Unit) 6.91% Cap Rate Santa Ana, CA 92707
Investment 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%.
- The rent is below market.
- High demand rental units
- Convenient access to a plethora of retail, dining, and entertainment options
- located within 0.75 miles to Kennedy Elementary School, Lathrop Intermediate School, and Century High School
- 2 APN numbers, buyer does not need on-site manager
Executive Summary
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
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,720,000 | Building Class | C |
| Price Per Unit | $236,000 | Lot Size | 0.48 AC |
| Sale Type | Investment | Building Size | 14,268 SF |
| Cap Rate | 6.91% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3, Santa Ana - Multi-Family Housing | ||
| Price | $4,720,000 |
| Price Per Unit | $236,000 |
| Sale Type | Investment |
| Cap Rate | 6.91% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 14,268 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Santa Ana - Multi-Family Housing |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Office
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,665 | 500 - 700 |
| 1+1 | 6 | $1,761 | 500 - 700 |
| 2+1 | 1 | $2,006 | 700 - 950 |
| 2+1 | 1 | $2,295 | 700 - 950 |
| 2+1 | 1 | $1,875 | 700 - 950 |
| 2+1 | 1 | $2,006 | 700 - 950 |
| 2+1 | 1 | $2,061 | 700 - 950 |
| 2+1 | 1 | $1,875 | 700 - 950 |
| 2+1 | 1 | $1,875 | 700 - 950 |
| 2+1 | 1 | $1,875 | 700 - 950 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $649,458 | |
| Land Assessment | $4,329,728 | Total Assessment | $4,979,186 |
Property Taxes
Parcel Numbers
Land Assessment
$4,329,728
Improvements Assessment
$649,458
Total Assessment
$4,979,186
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
1426 Minnie St