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Sold for $3,675,000
  • Listed by: Morgan Skenderian • Nick Gould • Contact: 949-251-8800
    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
    $1,691,100 Zestimate®
    $305/sqft
    $2,716 Estimated rent

    Home value

    $1,691,100

    $1.32M - $2.28M

    $2,716/mo

    Zestimate® history
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    $2,716/mo

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    $22,803/mo

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    $22,803/mo

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    What's special

    Angels community parkCorner marketsDei high school
    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:

    Listing updated:

    Listed 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 & HOA

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

    Financial & listing details

    • Price per square foot: $305/sqft
    • Date on market: 8/21/2023
    • Cumulative days on market: 252 days
    • Listing terms: Cash to New Loan,1031 Exchange
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    2/28/2024Sold$3,675,000-11.2%$305/sqft
    Source: CRMLS #PW23156314 Report a problem
    1/18/2024Pending sale$4,137,000$344/sqft
    Source: CRMLS #PW23156314 Report a problem
    12/11/2023Contingent$4,137,000$344/sqft
    Source: CRMLS #PW23156314 Report a problem
    8/21/2023Listed for sale$4,137,000$344/sqft
    Source: CRMLS #PW23156314 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Pico-Lowell

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $1,691,100
    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
    $1,691,100