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1221 Brook , Santa Ana, CA 92703
Priced at Only: $2,975,000
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Address: 1221 Brook , Santa Ana, CA 92703
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  • MLS#: OC26030800 ( Apartment )
  • Street Address: 1221 Brook
  • Viewed: 1
  • Price: $2,975,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 43
  • Additional Information
  • County: ORANGE
  • City: Santa Ana
  • Zipcode: 92703
  • Subdivision: Other (othr)
  • Provided by: Mike Marcu, Broker
  • Contact: Mike Mike
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    1221 West Brook Street is an 11 unit multifamily building within the Brook Street portfolio in Santa Ana, California. The two story asset features a desirable, renter oriented unit mix comprised of 10 two bedroom one bath and 1 two bedroom two bath apartment units. The apartments are well laid out and consistent with the broader Brook Street community, offering functional floorplans and solid in place operations. At the asking price, the property is offered at a 10.59 Gross Rent Multiplier and a 6.35% capitalization rate, providing an attractive basis with embedded upside through rental growth. Additional offerings within the Brook Street portfolio include 12351239 West Brook Street (12 units), 1207 1213 West Brook Street (18 units), and 1227 West Brook Street (11 units). These four properties are structured to close concurrently; however, they may be purchased individually or in any combination, offering investors flexibility in structuring acquisition size and capital deployment. The portfolio benefits from strong occupancy, proximity to major employment corridors, and convenient access to the 5, 22, 55, and 405 freeways, supporting long term rental demand and investment stability.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 8950.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 33
Electric Expense
  1. 2000.00
Entry Location
  1. 1 & 2
Fuel Expense
  1. 1500.00
Garage Spaces
  1. 5.00
Insurance Expense
  1. 5500.00
Laundry Features
  1. Community
Lot Features
  1. 31-35 Units/Acre
Netoperatingincome
  1. 188555.00
Newtaxesexpense
  1. 33435.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Otherexpense
  1. 8592.00
Parcel Number
  1. 01018249
Parking Features
  1. Assigned
Pool Features
  1. None
Professionalmanagementexpense
  1. 14905.00
Property Type
  1. Apartment
Sewer
  1. Sewer Paid
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 456387369:CRM
Subdivision Name Other
  1. other
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 86555.00
Trash Expense
  1. 3848.00
Uncovered Spaces
  1. 9.00
Vacancyallowance
  1. 5619
Water Sewer Expense
  1. 9900.00
Water Source
  1. Public
Year Built
  1. 1962
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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