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1146 -1150 W. Brook Street

Santa Ana, CA 92703
  • $2,930,000
  • STATUS: Active
  • ON SITE: 137 Days
  • ID#: PW23005809
UPDATED: 49 min ago
$2,930,000
  • 0
    BEDS
  • 0.4
    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 1146-1150 W. Brook Street, a bread and butter portfolio consisting of 14 apartment units. Priced at only $209,286 per unit, this portfolio is the most affordable asset on the market in Orange County. With a projected 42% in rental upside the new investor can realize an immediate cash flow on the current rents with tremendous growth built in for the future.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-29T11:25:46.337. 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 Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/135983982
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1146 -1150 W. Brook Street Santa Ana, CA 92703

  • Price: $2,930,000
  • Status: Active
  • On Site: 137 Days
  • Updated: 49 min ago
  • ID#: PW23005809
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1959
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
We are pleased to present 1146-1150 W. Brook Street, a bread and butter portfolio consisting of 14 apartment units. Priced at only $209,286 per unit, this portfolio is the most affordable asset on the market in Orange County. With a projected 42% 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 8 Carport YN Yes Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 14 Open Parking Spaces 11 Parking Total 19 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)Street LightsSidewalksUrban Electric Expense 7144 Fuel Expense 7143 Garage YN No Gross Income 0 Gross Scheduled Income 220896 Insurance Expense 3894 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 137238 New Construction YN No New Taxes Expense 36311 Number Of Separate Gas Meters 14 Number Of Separate Water Meters 2 Operating Expense 77031 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Trash Expense 1540 Vacancy Allowance 6626 Vacancy Allowance Rate 3 Water Sewer Expense 7143 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-29T11:25:46.337. 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 Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Nick Gould of Morgan Skenderian (949-251-8800) and Rick Applebaum of ()