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Listed by: Mike Marcu (949) 688-1224 DRE #00919594 | Mike Marcu, Broker (909) 371-1322
$2,900,000
4 Beds
- 3 Baths
8,950sqft
1221 W Brook, Santa Ana, CA 92703
$2,900,000
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Apartment
Built in 1962
$-- HOA
13,504 sqft lot
$324/sq.ft
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 1235–1239 Wes...
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1962
HOA Fees
-
Finished Area
8,950 sqft
Lot Size
13,504 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
OC26030800
MLS Status
Active
Days on Market
198
Cumulative Days on Market
196
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