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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
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Matthew Hoyt • Hoyt Real Estate, Inc.