ResidentialIncome — 1239 Brook Street W, Santa Ana, CA
$2,400,000
1239 Brook Street W, Santa Ana, CA
About this property
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
Property details
Location
1239 Brook Street W • Santa Ana, CA 92703
Listed by
Mike Marcu · Mike Marcu, Broker