Skip main navigation
Sold for $3,675,000 on 02/28/24
  • Listing Provided by: 

    Nick Gould DRE #01521955 ng@morganskenderian.com,

    Morgan Skenderian,

    Rick Applebaum DRE #01273871,

    Morgan Skenderian

    Bought with: Hoyt Real Estate, Inc.
    $3,675,000

    1130-1138 W Brook St, Santa Ana, CA 92703

    21beds
    21baths
    12,032sqft
    Multi Family
    Built in 1959
    -- sqft lot
    $3,974,400 Zestimate®
    $305/sqft
    $2,480 Estimated rent

    Owner options

    List your home for rent

    $2,480/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $2,480/mo

    Rent Zestimate®

    Refinance and save

    $22,665/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $22,665/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: February 28, 2024 at 10:43am

    Listing Provided by:

    Nick Gould DRE #01521955 ng@morganskenderian.com,

    Morgan Skenderian,

    Rick Applebaum DRE #01273871,

    Morgan Skenderian

    Bought with:

    Matthew Hoyt, DRE #01426139

    Hoyt Real Estate, Inc.

    Source: CRMLS,MLS#: PW23156314MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 21
    • Bathrooms: 21
    Appliances
    • Laundry: Common Area
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 12,032
    • Total interior livable area: 12,032 sqft

    Property

    Parking
    • Total spaces: 24
    • Parking features: Carport
    • Carport spaces: 15
    • Uncovered spaces: 9
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 2
    • Pool features: None
    Lot
    • Size: 0.48 Acres
    • Features: 16-20 Units/Acre
    Details
    • Additional parcels included: 01027324,01027325
    • Parcel number: 01027322
    • Zoning: R3
    • Special conditions: Third Party Approval,Standard,Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1959

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Biking, Curbs, Gutter(s), Storm Drain(s), Sidewalks
    Location
    • Region: Santa Ana

    Other

    Other facts
    • Listing terms: Cash to New Loan,1031 Exchange
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,974,400