4
See all 4 photos
$2,400,000
Est. payment /mo
1 Bed
1 Bath
0.31 Acres Lot
Price Dropped by $150K
1239 Brook Street West Santa Ana, CA 92703
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26030942
Bedrooms 1
Lot Size 0.310 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
1239 West Brook Street is a 12-unit multifamily building within the Brook Street portfolio in Santa Ana, California. The two-story asset features a desirable, renter-oriented unit mix comprised of 12 one-bedroom one bath apartment units. The apartments are well laid out and consistent with the broader Brook Street community, offering functional floorplans and solid in-place operations. At the asking price, the property is offered at an 10.93 Gross Rent Multiplier and a 5.25% capitalization rate, providing an attractive basis with embedded upside through rental growth. Additional offerings within the Brook Street portfolio include 1227 West Brook Street (11 units), 1207-1213 West Brook Street (18 units), and 1221 West Brook Street (11 units). These four properties are structured to close concurrently; however, they may be purchased individually or in any combination, offering investors flexibility in structuring acquisition size and capital deployment. The portfolio benefits from strong occupancy, proximity to major employment corridors, and convenient access to the 5, 22, 55, and 405 freeways, supporting long-term rental demand and investment stability
Location
State CA
County Orange
Zoning Assessor
Direction Bristol to Cubbon Street, east, Baker Street north, Brook Street, west.
Interior
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 01016254
Acceptable Financing Cash
Listing Terms Cash
Listed by Mike Marcu, DRE#00919594 Mike Marcu, Broker
NEARBY SCHOOL & BUSINESS