N
Seller's Agent in 2024
Nick Gould
Morgan Skenderian
1138 W Brook St Santa Ana, CA 92703
Heninger Park Neighborhood
2
Beds
2
Baths
12,032
Sq Ft
0.48
Acres
Highlights
- 0.48 Acre Lot
- Laundry Room
- Bike Trail
- No HOA
About This Home
As of February 2024We 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.
Last Listed By
Nick Gould
Morgan Skenderian License #01521955 Listed on: 08/21/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 0.48 Acre Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
- 010-273-24,010-273-25
Home Design
- Apartment
Interior Spaces
- 12,032 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 9 Open Parking Spaces
- 24 Parking Spaces
- 15 Carport Spaces
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 3
- Tax Tract Number 420
- Assessor Parcel Number 01027322
- $1,745 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 21 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- Rent Control
- 21 Separate Electric Meters
- 21 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $2,172
- Fuel Expense $10,000
- Gardener Expense $2,920
- Insurance Expense $5,414
- Maintenance Expense $20,907
- Water Sewer Expense $20,000
- New Taxes Expense $51,577
- Operating Expense $126,490
- Gross Income $359,232
- Net Operating Income $221,965
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2024 02/28/24 | Sold | $3,675,000 | -11.2% | $305 / Sq Ft |
| 12/11/2023 12/11/23 | Pending | -- | -- | -- |
| 08/21/2023 08/21/23 | For Sale | $4,137,000 | -- | $344 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Rick Applebaum
Seller Co-Listing Agent in 2024
Rick Applebaum
Morgan Skenderian
(949) 251-8800
4 in this area
61 Total Sales
-
Matthew Hoyt
Buyer's Agent in 2024
Matthew Hoyt
Hoyt Real Estate, Inc.
(949) 283-1696
2 in this area
37 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23156314
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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