

Listed by The Mogharebi Group Orange County
$2,900,000
1221 W Brook
Details
APN 01018249
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,950
Units 11
Cap Rate 6.46%
Buildings 1
Stories 2
Acreage 0.310
Zoning Assessor
Multifamily | 6.46% CAP | 11 Units
Marketing description
1221 West Brook Street is an 11-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 10 two-bedroom one bath and 1 two-bedroom two 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 a 10.59 Gross Rent Multiplier and a 6.35% capitalization rate, providing an attractive basis with embedded upside through rental growth. Additional offerings within the Brook Street portfolio include 12351239 West Brook Street (12 units), 1207-1213 West Brook Street (18 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.
Listing Contacts


Listed by The Mogharebi Group Orange County
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