Santa Ana, CA 92703,1130 -1138 W. Brook ST
Santa Ana, CA 92703,1130 -1138 W. Brook ST
Santa Ana, CA 92703,1130 -1138 W. Brook ST
Santa Ana, CA 92703,1130 -1138 W. Brook ST
Santa Ana, CA 92703,1130 -1138 W. Brook ST
Santa Ana, CA 92703,1130 -1138 W. Brook ST
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$3,675,000

$4,137,000

11.2%
Est.Price: ?

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Est. payment /mo

0.48 Acres Lot


SOLD DATE : 02/28/2024

Key Details

Sold Price $3,675,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW23156314

Sold Date 02/28/24

HOA Y/N No

Year Built 1959

Lot Size 0.475 Acres

Property Description

We are pleased to present 1130-1138 W. Brook Street, a bread and butter portfolio consisting of 21 apartment units laid out on 3 separate parcels of land, eliminating any required expense for an on-site manager. Priced at only $197,000 per unit, this portfolio is the most affordable asset on the market in Orange County. With a projected 31% in rental upside the new investor can realize an immediate cash flow on the current rents with tremendous growth built in for the future.

Located within the Pico – Lowell neighborhood, a quiet suburban community within arms reach of Santa Ana’s finest amenities. Several grocery stores and corner markets around the neighborhood make it easy to pick up daily necessities without having to drive anywhere. Lowell, Pio Pico, and Martin Luther King Jr. Elementary Schools and Mater Dei High School are all within easy walking distance of most homes in the neighborhood, giving local students the option to head to class on foot. Just northeast of the neighborhood, folks have direct access to Flower Street Park and Angels Community Park, as well as the dining, entertainment, and artistic attractions surrounding Historic 4th Street. These att racti ve att ributes are what keep long-term paying tenants and occupied units.

Location

State CA

County Orange

Area 699 - Not Defined

Zoning R3

Interior

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 15

Pool None

Community Features Biking, Curbs, Gutter(s), Storm Drain(s), Sidewalks

Total Parking Spaces 24

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 01027322

Energy Description 10000.0

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Financing Conventional

Special Listing Condition Third Party Approval, Standard, Trust

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California Regional MLS (CRMLS)
Listed by Nick Gould • Morgan Skenderian • ng@morganskenderian.com
Bought with Matthew Hoyt • Hoyt Real Estate, Inc.
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