Skip To Content

1130 -1138 W Brook Street

Santa Ana, CA 92703
  • $4,395,000
  • STATUS: Active
  • ON SITE: 140 Days
  • ID#: PW23005761
UPDATED: 219 min ago
$4,395,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Nick Gould of Morgan Skenderian (949-251-8800) and Rick Applebaum of ()


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 $209,286 per unit, this portfolio is the most affordable asset on the market in Orange County. With a projected 39% in rental upside the new investor can realize an immediate cash flow on the current rents with tremendous growth built in for the future.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T00:34:09.453. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/135981536
Print Image

1130 -1138 W Brook Street Santa Ana, CA 92703

  • Price: $4,395,000
  • Status: Active
  • On Site: 140 Days
  • Updated: 219 min ago
  • ID#: PW23005761
0
Beds
0
Baths
0
½ Baths
0.48
Acres
1959
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
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 $209,286 per unit, this portfolio is the most affordable asset on the market in Orange County. With a projected 39% in rental upside the new investor can realize an immediate cash flow on the current rents with tremendous growth built in for the future.
Exterior Features

Carport Spaces 15 Carport YN Yes Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 21 Open Parking Spaces 9 Parking Total 24 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features BikingCurbsGutter(S)Storm Drain(S)Street LightsSidewalksUrban Electric Expense 10724 Fuel Expense 10724 Garage YN No Gross Income 0 Gross Scheduled Income 340440 Insurance Expense 5414 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 201940 New Construction YN No New Taxes Expense 54466 Number Of Separate Gas Meters 21 Number Of Separate Water Meters 3 Number Of Units Leased 21 Operating Expense 128286 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Trash Expense 2920 Vacancy Allowance 10213 Vacancy Allowance Rate 3 Water Sewer Expense 10724 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T00:34:09.453. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370797873-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370797873-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370797873-1.jpg
Logo
Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Nick Gould of Morgan Skenderian (949-251-8800) and Rick Applebaum of ()