1222 W Brook Street, Santa Ana, CA 92703

$3,150,000
8,019
SqFt
List Price
$3,150,000
Status
ACTIVE
MLS#
PW20200024
Year Built
1959
Living Sq. Ft
8,019
Lot Size
13,029
Acres
0.2991
Lot Location
11-15 Units/Acre
Days on Market
35
Property Type
Multifamily
Stories
Two Levels
Builders Tract Code
Pico-Lowell
Neighborhood
Other (Othr)

Property Description

We are pleased to offer 1218-1222 W. Brook Street, a 14-unit multifamily investment opportunity in the exceptionally strong rental market of Santa Ana. Comprised of side-by-side buildings on a single parcel, the Brook Street apartments offers stand out curb appeal with no expense spared on the exterior renovations with modern paint colors and landscaping. The property features new windows, new roofs, new decks & railings and a new asphalt parking lot to name a few. Step inside and you'll find 8 out of the 14 units fully renovated and remodeled. These interiors feature top-notch finishes including all new kitchens with granite countertops and new cabinetry, bathrooms with tile shower walls and new vanities, and tile flooring throughout. The remaining units have also been upgraded to various degrees. Offering true pride of ownership, vast amounts of capital improvements, easily achievable rental increases, and impressive cash-flow with as little as 35% down payment, the Brook Street apartments is a standout investment option in one of the strongest rental markets in all of Orange County.

Additional Information

Tract Number
543
Lot Description
Curbs, Sidewalks, Storm Drains, Street Lights
Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
14
Gross Scheduled Income
$230,460
Operating Expense
73804
Unit One Total Units
3
Unit One Beds
1
Unit One Baths
1
Unit One Actual Rent
1275.00
Unit One Total Rent
3825.00
Unit One Pro Forma
1475
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
1
Unit Two Baths
1
Unit Two Actual Rent
1325.00
Unit Two Total Rent
1325.00
Unit Two Pro Forma
1475
Unit Two Furnished
Unfurnished
Unit Three Total Units
3
Unit Three Beds
1
Unit Three Baths
1
Unit Three Actual Rent
1350.00
Unit Three Total Rent
4050.00
Unit Three Pro Forma
1475
Unit Three Furnished
Unfurnished
Unit Four Total Units
4
Unit Four Beds
1
Unit Four Baths
1
Unit Four Actual Rent
1395.00
Unit Four Total Rent
5580.00
Unit Four Pro Forma
1475
Unit Four Furnished
Unfurnished

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Rick Applebaum from Morgan Skenderian

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.