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1227 Brook , Santa Ana, CA 92703
Priced at Only: $2,975,000
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Address: 1227 Brook , Santa Ana, CA 92703
Property Location and Similar Properties
- MLS#: OC26030916 ( Apartment )
- Street Address: 1227 Brook
- Viewed: 2
- Price: $2,975,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1963
- 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

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Description1227 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 11 two bedroom one 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 10.66 Gross Rent Multiplier and a 6.28% 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 1221 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
- 0.00
Building Area Total
- 8861.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 33
Electric Expense
- 2000.00
Entry Location
- 1 & 2
Fuel Expense
- 1500.00
Garage Spaces
- 4.00
Insurance Expense
- 5500.00
Laundry Features
- Community
Lot Features
- 36-40 Units/Acre
Netoperatingincome
- 186841.00
Newtaxesexpense
- 33435.00
Number Of Separate Electric Meters
- 12
Otherexpense
- 8592.00
Otherexpensedescription
- Misc
Parcel Number
- 01018250
Parking Features
- Assigned
Pool Features
- None
Professionalmanagementexpense
- 14905.00
Property Type
- Apartment
Sewer
- Sewer Paid
Sourcesystemid
- CRM
Sourcesystemkey
- 456394812:CRM
Subdivision Name Other
- Other
Tenant Pays
- Electricity
Totalexpenses
- 86555.00
Trash Expense
- 3848.00
Uncovered Spaces
- 10.00
Vacancyallowance
- 5580
Water Sewer Expense
- 9900.00
Water Source
- Public
Year Built
- 1963
Year Built Source
- Assessor
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com




