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    1222 W Brook Street

    Santa Ana, CA 92703
    • $3,150,000
    • STATUS: CONTINGENT
    • ON SITE: 118 days
    • ID#: 302874768
    Under Contract
    UPDATED: 15 min ago
    $3,150,000
    • 4
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    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 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.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.solisteamrealty.com/homes/110366040
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    1222 W Brook Street Santa Ana, CA 92703

    • Price: $3,150,000
    • Status: CONTINGENT
    • Updated: 15 min ago
    • ID#: 302874768
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    1959
    Built
    Neighborhood:
    Oc - Santa Ana (92703)
    County:
    Orange
    Area:
    Oc - Santa Ana (92703)
    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 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.
    Exterior Features

    Pool N/K Site CurbsSidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 4.8 Annual Expense Actual 73804 Buildings 2 Gross Rent Multiplier Actual 13.67 Gross Scheduled Income Actual 230460 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1275.0 Unit2 Rent Actual 1325.0 Unit3 Rent Actual 1350.0 Unit4 Rent Actual 1395.0 Zoning Assessor

    Listing provided courtesy of Morgan Skenderian. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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