Minnie Street (10 units)

1402 Minnie Street,
Santa Ana, CA 92707

OFF-MARKET (CONFIDENTIAL)

$2,695,000
Offering Price
14.87
GRM
$269,500
Price Per Unit
10
Number of Units
5.13%
Cap Rate
6,648
Building SF
$2,695,000
Offering Price
14.87
GRM
$269,500
Price Per Unit
10
Number of Units
5.13%
Cap Rate
6,648
Building SF

Huge Upside Potential

  • The current cap rate of approximatly 5% is very attractive considering that's based on actual income.
  • Current rents are approximately 37% below market leaving tremdous upside potential, resulting in a proforma cap rate of 7.38%.

Property Vitals

  • Individually Metered Electric and Gas.
  • Great Unit Mix of: (4) 1Bed/1Bath & (6) 2Bed/1Bath.
FOR MORE DETAILS CONTACT
John Gessford
Senior Vice President | Principal
(949) 278-6645
jgessford@lee-associates.com
01137479
Jessica Janosz
Associate
(657) 237-9208
jessicajanosz@gmail.com
02173853
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