1130 -1138 W. Brook Street, Santa Ana, CA 92703
Property
Sold February 2024
Listing Agent: Nick Gould (DRE #01521955) · Listing Office: Morgan Skenderian · Contact: ng@morganskenderian.com · Bought with: Matthew Hoyt · Hoyt Real Estate, Inc. · MLS #PW23156314 · Source: CRMLS
About this property
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.
Listing description from the February 2024 sale, as reported to CRMLS.
Sale history