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1146 -1150 W. Brook Street, Santa Ana, CA 92703
$2,200,000
1146 -1150 W. Brook Street, Santa Ana, CA 92703View this property at 1146 -1150 W. Brook Street, Santa Ana, CA 92703
1146 -1150 W. Brook StreetSanta AnaCA92703
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Property Description
We are pleased to present 1146-1150 W. Brook Street, a bread butter portfolio consisting of 14 apartment units. Priced at only $197,000 per unit, this portfolio is the most affordable asset on the market in Orange County. With a projected 37% 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 arm's 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 attractive attributes are what keep long-term paying tenants and occupied units.
Full Property Details
Full Property Details for 1146 -1150 W Brook St
General
- Sold For: $2,200,000
- Status: Closed
- Type: Multi-Family
- MLS ID: PW23156288
- Added to Site: 266 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Location
- Area: 699 - Not Defined
- County: Orange
- Development Name: 699 - Not Defined
- Driving Directions: North of W. McFadden and East of S. Bristol
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 2
- # Gas Meters: 14
- # Electric Meters: 14
Structural Information
- Entry Location: 14
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 8,654
- Year Built: 1959
Unit Information
Unit 1
- Number of Units: 14
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.3312
- Lot Size Source: Assessor
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $254.22
- Price Per Unit: 197000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by Morgan Skenderian, Rick Applebaum
Sold by Hoyt Real Estate, Inc., Matthew Hoyt
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Schools
Schools serving 1146 -1150 W Brook St
School District:Santa Ana Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
931 Highland St, Santa Ana, CA 92703 | K-5 | 0.3 mi | |
1111 S Broadway, Santa Ana, CA 92707 | 6-8 | 0.8 mi | |
520 W Walnut St, Santa Ana, CA 92701 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1146 -1150 W Brook St
Date
Details
Price
Change
Source
2/28/2024
Sold
$2,200,000
-20.23%
MLS
8/21/2023
Listed
$2,758,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1146 -1150 W. Brook Street, Santa Ana, CA 92703 (MLS# PW23156288) is a Multi-Family property that was sold at $2,200,000 on February 28, 2024. Want to learn more about 1146 -1150 W. Brook Street? Do you have questions about finding other Multi-Family real estate for sale in Santa Ana? You can browse all Santa Ana real estate or contact a Coldwell Banker agent to request more information.