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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$4,720,000

Est. payment - /mo

6 Beds

4 Baths

0.48 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR24144156

Bedrooms 6

Lot Size 0.476 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

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 Anas 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.

Location

State CA

County Orange

Zoning Public Rec

Direction South of E. Edinger Ave., & West of S. Grand Ave.,

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 01425205

Acceptable Financing Cash

Listing Terms Cash

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Listed by Benjamin Lin, DRE#01383988 1000 Realty Corporation

Nearby School & Business

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

1426 Minnie Street Santa Ana, CA 92707

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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