Case Study


minnie street apartment building Structure PMG

Minnie Street Apartments

1434-1438 S. Minnie St.,
Santa Ana, CA

  • City: Santa Ana
  • Property Size: 20 Units
  • Purchased: February 2013
  • Purchase Price: $2,125,000
  • Capital Improvement Budget: $125,000
  • Cash Flow Distribution Began: July 2013
  • Sold: April 2016
  • Investor IRR: 29.47%
  • Investor Multiple: 2.21




Minnie is a 20-unit apartment building in Santa Ana, California. Eric Kramer purchased Minnie with a group of investors in February 2013. Chase Bank provided the acquisition financing. Structure PMG was hired to provide property management services.

Services & Improvements

After a successful repositioning of the asset, which included addressing deferred maintenance, a series of value-add capital improvements and increases to the income, we sold Minnie in April 2016.


Through the sale and other distributions we were able to achieve a 29.47% IRR for the investors.