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.
For sale
Listing Provided by:
Benjamin Lin DRE #01383988 626-233-3678,
1000 Realty Corporation
$4,720,000
1426 Minnie St, Santa Ana, CA 92707
28beds
20baths
14,268sqft
Est.:
Multi Family
Built in 1961
-- sqft lot
$-- Zestimate®
$331/sqft
$-- HOA
What's special
Security doorsAmple surface parkingOn-site laundry rooms
- 392 days
- on Zillow |
- 114 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 04:48pm
Listing Provided by:
Benjamin Lin DRE #01383988 626-233-3678,
1000 Realty Corporation
Source: CRMLS,MLS#: AR24144156
Originating MLS: California Regional MLS

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 20
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 14,268
- Total interior livable area: 14,268 sqft
Property
Parking
- Total spaces: 20
Features
- Levels: Two
- Stories: 2
- Entry location: n/a
- Pool features: None
Lot
- Size: 0.48 Acres
- Features: 36-40 Units/Acre
Details
- Additional parcels included: 01425206
- Parcel number: 01425205
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs
Location
- Region: Santa Ana
Financial & listing details
- Price per square foot: $331/sqft
- Date on market: 7/13/2024
- Listing terms: Cash,Cash to New Loan
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