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30833117
30833118

1213 W Brook, Santa Ana, CA 92703

MM
CA 00919594
The Mogharebi Group Orange County
Listed by The Mogharebi Group Orange County
$4,300,000
122 days on market
Updated 8 days ago

1213 W Brook

Details
APN 01018243
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,357
Units 18
Cap Rate 5.65%
Year Built 1961
Buildings 2
Stories 2
Acreage 0.460
Zoning Assessor

Multifamily | 5.65% CAP | 18 Units

Marketing description

12071213 West Brook Street is an 18-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 14 one-bedroom units, two two-bedroom/one-bath units, and two two-bedroom/two-bath units. 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 10.74 Gross Rent Multiplier and a 5.97% capitalization rate, providing an attractive basis with embedded upside through rental growth. Additional offerings within the Brook Street portfolio include 1235-1239 West Brook Street (12 units), 1221 West Brook Street (11 units), and 1227 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

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Listing Contacts

MM
CA 00919594
The Mogharebi Group Orange County
Listed by The Mogharebi Group Orange County

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