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.
Property Details
Property Features
Property Information:
Year Built: 1961
Stories: 2
Listing Office:
Office Name: 1000 Realty Corporation
Office Phone: (626) 233-3678
Listing Agent: Benjamin Lin
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.48 Acres
Other
Directions Information:
Directions: South of E. Edinger Ave., & West of S. Grand Ave.,
Price Information
Listing Price Info
Price Summary:
List Price: $4,720,000
Tax Information:
Annual Amount: $23,857
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Ana, CA.
This property is $3.8M more than the Median Sold Price in Santa Ana, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #AR24144156
Listing Office:
Office Name: 1000 Realty Corporation
Office Phone: (626) 233-3678
Listing Agent: Benjamin Lin
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 17, 2017
Nov 17, 2017Home Sold
$3,652,000
Jun 28, 2002
Jun 28, 2002Home Sold
$15,500
Aug 31, 2000
Aug 31, 2000Home Sold
$1,075,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$23,857
$1,919,451
2020
$23,894
$1,899,770
2019
$22,566
$1,862,520
2018
$22,566
$1,826,000
2017
$13,392
$986,489
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Madison Elementary School
1124 Hobart St
Distance between this listing and this school0.11 miles
Public District Grades KG-5
6
/10
Kennedy Elementary School
1300 E McFadden Ave
Distance between this listing and this school0.25 miles
Public District Grades KG-5
5
/10
Roosevelt Elementary School
501 S Halladay St
Distance between this listing and this school0.83 miles
Public District Grades KG-5
Nearby Schools
3
/10
Lathrop Intermediate School
1111 S Broadway
Distance between this listing and this school0.83 miles
Public District Grades 6-8
3
/10
Raymond A. Villa Fundamental Intermediate School
1441 E Chestnut Ave
Distance between this listing and this school1.03 miles
Public District Grades 6-8
4
/10
Manuel Esqueda K - 8 School
2240 S Main St
Distance between this listing and this school1.20 miles
Public District Grades KG-8
Nearby Schools
4
/10
Century High School
1401 S Grand Ave
Distance between this listing and this school0.38 miles
Public District Grades 9-12
3
/10
College and Career Preparatory Academy
1669 E Wilshire Ave Ste 605
Distance between this listing and this school0.66 miles
Public Charter Grades 9-12
1
/10
Cesar E. Chavez High School
2128 Cypress Ave
Distance between this listing and this school1.01 miles
The neighbors living near this home have an average income of $49,713. Most Santa Ana, CA residents have annual incomes between $35k-100k. The most common type of family is married, with kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1426 Minnie St
What is the listing price of this property?
The listing price of 1426 Minnie St property is $4,720,000.
What type of property is this?
The property 1426 Minnie St is a condo located in Santa Ana, California, 92707.
Is this property for sale now?
Active Listing: 1426 Minnie St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $23,857 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 17, 2017 for $3,652,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 1426 Minnie St is 1961.
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This home is located at 1426 Minnie St in Santa Ana, CA and zip code 92707 in the Cornerstone Village neighborhood. This home, which was built in 1961, sits on a 0.48 acre lot. It has been listed on Rocket Homes since July 14, 2024 and is currently priced at $4,720,000.
In October 2024 more than 50 listings in Santa Ana, CA were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 28 were sold below. The number of homes for sale in Santa Ana, CA increased by 1.7% between September 2024 and October 2024. Listings spent 24 days on the market in October 2024, and had a median list price of $859,400 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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