NOT LISTED FOR SALE
1 Bed
1 Bath
4,010 Sq Ft
6,098 Sq Ft Lot

Last Sold February 25, 2021

Last sale price $1,450,000 $362 Per Sq Ft

132 Days on Market

About This Home

As of February 2021

This 7 unit multifamily building located in Santa Ana was built in 1959. It is a well managed asset is in the strong rental market of Central Santa Ana. The current owner has owned & operated the property for nearly 20 years. The unit mix consists of seven 1 bedroom / 1 bathroom units located near Mater Dei High School and the Bristol/McFadden retail corridor. Each unit has individual water heaters and they are separately metered for gas and electric. 1210 W Brook Street has an inviting entry and includes private onsite rear parking. The on-site parking accommodations are a valuable benefit for residents. Santa Ana is in the county seat of Orange County, California and it is the second most populous in the county. The United States Census Bureau estimated its 2019 population at 332,318, making Santa Ana the 57th most-populous city in the United States. Santa Ana is in Southern California, adjacent to the Santa Ana River, about 10 miles (16 km) from the coast. Founded in 1869, the city is part of the Greater Los Angeles Area, the second largest metropolitan area in the United States, with almost 18 million residents in 2010. Santa Ana is a very densely populated city, ranking fourth nationally in that regard among cities of over 300,000 residents (trailing only New York City, San Francisco, and Boston).

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker License #01316702 Listed on: 10/13/2020

Last Buyer's Agent

Hamid Saghatchi

Real Estate Ebroker Inc License #01725415

Real Estate Ebroker Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 4,010 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces
  • Parking Available
  • Paved Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 010
  • Tax Tract Number 271
  • Assessor Parcel Number 01027128

Community Details

Overview

  • 7 Units

Building Details

  • 7 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Fuel Expense $1,836
  • Gardener Expense $600
  • Insurance Expense $2,518
  • Maintenance Expense $3,017
  • Trash Expense $2,277
  • Water Sewer Expense $3,556
  • New Taxes Expense $18,597
  • Operating Expense $33,121
  • Gross Income $96,961
  • Net Operating Income $69,840

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 4.67
  • Price Per Unit: 213571
  • Property Attached: Yes
  • Subdivision Name Other: Brook Street
  • Water Sewer Expenses: 3556.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 01027128
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 361.60

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Paved
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 2277.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6098.40
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 573 Square Feet
  • Electric Expense: 720.00
  • Fuel Expense: 1836.00
  • Gross Income: 96961.00
  • Gross Multiplier: 14.11
  • Gross Operating Income: 96961.00
  • Gross Scheduled Income: 99960.00
  • Gross Spendable Income: 69840.00
  • Insurance Expense: 2518.00
  • Lot Size Area: 0.1400 Acres
  • Maintenance Expense: 3017.00
  • Net Operating Income: 69840.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Disposal: 7
  • Number With Range: 7
  • Operating Expense: 33121.00
  • Rent Control: Yes
  • Total Actual Rent: 7700.00
  • Total Expenses: 33121.00
  • Vacancy Allowance: 2772

Tax Info

  • New Taxes Expense: 18597.00
  • Tax Census Tract: 749.02
  • Tax Lot: 010
  • Tax Tract Number: 271

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2021 02/25/21 Sold $1,450,000 -3.0% $362 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
11/03/2020 11/03/20 Price Changed $1,495,000 -2.0% $373 / Sq Ft
10/13/2020 10/13/20 For Sale $1,525,000 -- $380 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20212635

California Regional Multiple Listing Service (CRMLS)