The Minnie Avenue Apartments is a well-maintained ten-unit property located in the highly desirable rental market of Santa Ana, one of Southern California’s strongest multifamily markets. The building features a unit mix of eight one-bedroom/one-bath units and two two-bedroom/one-bath units, totaling approximately 6,648 square feet. Property amenities include gated entry, ample on-site parking, and a convenient on-site laundry facility. This asset represents a stable, turnkey investment opportunity in a strong rental market, offering investors the potential for reliable cash flow, long-term appreciation, and solid overall returns.
Listed by Bijan Favakehi
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License #00939258
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Bijan Favakehi, Broker
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714-654-5626
Last updated September 21, 2025
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Source: CRMLS #OC25196383
Listing Facts
TypeMulti-family
NeighborhoodCornerstone Village
Days on Prevu73
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/29/2025
Status changed to Active
$2,250,000
10/22/2025
Status changed to Removed from Feed
$2,250,000
10/18/2025
Status changed to Active
$2,250,000
10/17/2025
Status changed to Removed from Feed
$2,250,000
10/05/2025
Status changed to Active
$2,250,000
10/04/2025
Status changed to Removed from Feed
$2,250,000
09/22/2025
Price Decreased
$2,250,000
09/21/2025
Status changed to Active
$2,495,000
09/20/2025
Status changed to Removed from Feed
$2,495,000
09/07/2025
Listed by Bijan Favakehi, Broker
$2,495,000
Property Details for 1402 S Minnie Street S
Association
Amenities
Community Features: Biking, Sidewalks
Exterior
Construction
Number Of Units Total: 10
Property Attached: Yes
Stories: 2
Stories Total: 2
Year Built: 1961
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Measurements
Building Area Total: 6,648
Building Area Units: Square Feet
Lot Features: Corner Lot
Lot Size Acres: 0.22
Lot Size Area: 9,583
Lot Size Source: Assessor
Lot Size Square Feet: 9,583
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.76
Gross Income: $204,600.00
Operating Expense: $61,000.00
Taxes
Parcel Number: 01425201
Interior
Features
Interior Features: Multiple Staircases
Other
Location
Tax Lot: 33
Parking
Parking
Parking Features: Asphalt
Parking Total: 10
Utilities
Equipment
Heating: Wall Furnace
Has Heating: Yes
Laundry Features: Common Area
Sewer: Public Sewer
Water Source: Public
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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.