1438 Minnie Street

    Santa Ana, CA 92707
    • $4,599,000
    • STATUS: Active
    • ON SITE: 56 days
    • ID#: 19501630
    Price Reduced
    $4,599,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,720
      SQFT
    • $335
      $/SQFT
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Beautiful 20-unit apartment complex located in the heart of Santa Ana. Excellently situated near various necessity & entertainment venues and in close proximity to the I-5 freeway. Boasting high occupancy with cooperative tenants and extra added income of $300/month from two sets of laundry machines, this amazing income property offers a fantastic chance at a savvy investment. DON'T MISS THIS PRIME OPPORTUNITY TO OWN THIS CLEAN, WELL-MAINTAINED, WELL-MANAGED INCOME PROPERTY!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98231550

    1438 Minnie Street Santa Ana, CA 92707

    • Price: $4,599,000
    • Status: Active
    • ID#: 19501630
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    13,720
    SQFT
    $335
    $/SQFT
    1961
    Built
    Neighborhood:
    69 - Santa Ana South of First
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    Beautiful 20-unit apartment complex located in the heart of Santa Ana. Excellently situated near various necessity & entertainment venues and in close proximity to the I-5 freeway. Boasting high occupancy with cooperative tenants and extra added income of $300/month from two sets of laundry machines, this amazing income property offers a fantastic chance at a savvy investment. DON'T MISS THIS PRIME OPPORTUNITY TO OWN THIS CLEAN, WELL-MAINTAINED, WELL-MANAGED INCOME PROPERTY!
    Exterior Features

    Lot Size Units Square Feet Parking Features AssignedParking SpaceUncovered Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling See Remarks Cooling YN Yes Laundry Features None

    Property Features

    Cap Rate 5.00 Gross Multiplier 14.80 Gross Operating Income 327600.00 Improvements Amount 1020000 Land Value 2366400 Laundry YN No Net Operating Income 229692.00 Special Listing Conditions Standard Total Expenses 97908.00

    Listing provided courtesy of Mi Jeong Kim of New Star Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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