Description
1227 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 11 two-bedroom one 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 10.66 Gross Rent Multiplier and a 6.28% 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), 1207-1213 West Brook Street (18 units), and 1221 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
Details
| MLS # | OC26030916 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 216 |
| Listing Provided By | Mike Marcu, Broker | Mike Marcu |
Features
| SQ Feet | 8,861 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 11 |
| Building(s) | 1 |
| Acreage | 0.31 |
Exterior
| Lot Features | Thirty Six To Forty Units Acre |
|---|
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Sewer Tap Paid |
|---|
Location
| Community Features | Curbs, Gutters, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92703 |
| Area | 69 Santa Ana South of First |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,900,000 low | high Med: $2,195,000 sqft: 8,861 low | high Med: 3,400 $ / sqft: $327 low | high Med: $646 On site: 216 low | high Med: 123 | |
Market Activity 92703
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92703 |
| Area | 69 Santa Ana South of First |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,900,000 low | high Med: $2,195,000 sqft: 8,861 low | high Med: 3,400 $ / sqft: $327 low | high Med: $646 On site: 216 low | high Med: 123 | |
 | $2,400,0001239 Brook Street WSanta Ana, CA 92703 |
 | $2,900,0001221 W BrookSanta Ana, CA 92703 |