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Multifamily

1105 & 1109 S Minnie St

1105 & 1109 S Minnie St, Santa Ana, CA 92701

Listing Price: $4,100,000

Cap Rate
2.43%
Number of Units
20
Price/Unit
$205,000
Price/Gross SF
$330.17
Gross SF
12,418

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1105 & 1109 South Minnie Street, a 20-unit multifamily investment property located in Santa Ana, CA. Situated on adjacent parcels totaling 0.35 acres, 1105 & 1109 South Minnie Street offers one-bedroom floor plans and amenities including a spacious central courtyard, security doors, on-site laundry, dual-pane windows, and ample surface parking. 1105 & 1109 South Minnie Street has an excellent Santa Ana location 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, providing residents with convenient access to a plethora of retail, dining, and entertainment options. 1105 & 1109 South Minnie Street is conveniently located within 0.75 miles of all three levels of schooling including Kennedy Elementary School, Lathrop Intermediate School, and Century High School. The property benefits from its close proximity to State Route 55 and Interstate 405, connecting residents to regional employment hubs throughout Orange and Los Angeles Counties. Named the county seat in 1889, Santa Ana is also known as the financial and governmental center of Orange County. It’s been in recent competition with its fast growing neighbor, the city of Irvine, in regards to commercial growth. Santa Ana has an average occupancy of 97.0 percent (1Q 2022) and an average yearly rent growth of 5.1 percent from 2013 to 2021, thus demonstrating the strong demand for rental housing. Given the strong market dynamics and fantastic location of the subject property, 1105 & 1109 South Minnie Street is well suited to provide investors with strong returns.

Investment Highlights

  • Exclusively One-Bedroom Units
  • Ample Surface Parking
  • Security Doors & Spacious Central Courtyard
  • On-Site Laundry
  • In Close Proximity To Major Employers in Santa Ana & Tustin
  • Moments Away From Santa Ana's Top Destinations
  • Easy Access To State Route 55 & Interstate 5
  • Attractive Demographics

Exclusively Listed By

Financing By

Multifamily

1105 & 1109 S Minnie St

Listing Price: $4,100,000

Cap Rate
2.43%
Number of Units
20
Price/Unit
$205,000
Price/Gross SF
$330.17
Gross SF
12,418

Investment Highlights

  • Exclusively One-Bedroom Units
  • Ample Surface Parking
  • Security Doors & Spacious Central Courtyard
  • On-Site Laundry
  • In Close Proximity To Major Employers in Santa Ana & Tustin
  • Moments Away From Santa Ana's Top Destinations
  • Easy Access To State Route 55 & Interstate 5
  • Attractive Demographics

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1105 & 1109 South Minnie Street, a 20-unit multifamily investment property located in Santa Ana, CA. Situated on adjacent parcels totaling 0.35 acres, 1105 & 1109 South Minnie Street offers one-bedroom floor plans and amenities including a spacious central courtyard, security doors, on-site laundry, dual-pane windows, and ample surface parking. 1105 & 1109 South Minnie Street has an excellent Santa Ana location 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, providing residents with convenient access to a plethora of retail, dining, and entertainment options. 1105 & 1109 South Minnie Street is conveniently located within 0.75 miles of all three levels of schooling including Kennedy Elementary School, Lathrop Intermediate School, and Century High School. The property benefits from its close proximity to State Route 55 and Interstate 405, connecting residents to regional employment hubs throughout Orange and Los Angeles Counties. Named the county seat in 1889, Santa Ana is also known as the financial and governmental center of Orange County. It’s been in recent competition with its fast growing neighbor, the city of Irvine, in regards to commercial growth. Santa Ana has an average occupancy of 97.0 percent (1Q 2022) and an average yearly rent growth of 5.1 percent from 2013 to 2021, thus demonstrating the strong demand for rental housing. Given the strong market dynamics and fantastic location of the subject property, 1105 & 1109 South Minnie Street is well suited to provide investors with strong returns.

Exclusively Listed By

Financing By

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