Santa Ana, CA 92703,1146 -1150 W. Brook Street
Santa Ana, CA 92703,1146 -1150 W. Brook Street
Santa Ana, CA 92703,1146 -1150 W. Brook Street
$2,200,000
Est. payment /mo
$2,758,000
20.2%
Est.Price: ?

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1 Bed
1 Bath
0.33 Acres Lot
SOLD DATE : 02/28/2024

Key Details

Sold Price $2,200,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW23156288

Sold Date 02/28/24

Bedrooms 1

HOA Y/N No

Lot Size 0.331 Acres

Property Description

We are pleased to present 1146-1150 W. Brook Street, a bread butter portfolio consisting of 14 apartment units. Priced at only $197,000 per unit, this portfolio is the most affordable asset on the market in Orange County. With a projected 37% 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 Anas 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 attractive attributes are what keep long-term paying tenants and occupied units.
We are pleased to present 1146-1150 W. Brook Street, a bread butter portfolio consisting of 14 apartment units. Priced at only $197,000 per unit, this portfolio is the most affordable asset on the market in Orange County. With a projected 37% 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 Anas 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 attractive attributes are what keep long-term paying tenants and occupied units.

Location

State CA

County Orange

Area Oc - Santa Ana (92703)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $145

Acceptable Financing Cash, Exchange

Space Rent $1,354

Listing Terms Cash, Exchange

Financing Conventional

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Rick Applebaum • Morgan Skenderian
Bought with Matthew Hoyt • Hoyt Real Estate, Inc.
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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