1227 W Brook, Santa Ana, CA 92703
- $2,900,000
- List Price
- $2,900,000
- Price Change
- ▼ $75,000 1779832970
- Status
- ACTIVE
- MLS#
- OC26030916
- Year Built
- 1963
- Lot Size
- 13,504
- Acres
- 0.31
- Lot Location
- 36-40 Units/Acre
- Days on Market
- 167
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Neighborhood
- Other
Property Description
1227 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 1235–1239 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
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 4
- Sewer
- Sewer Tap Paid
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 11
- Gross Scheduled Income
- $278,976
- Operating Expense
- 88072
Listing courtesy of Listing Agent: Mike Marcu (mike@mogharebi.com) from Listing Office: Mike Marcu, Broker.
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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.