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1222 W Brook St, Santa Ana, CA 92703
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1222 W Brook St Santa Ana, CA 92703

$3,075,000 Sold Price as of 03/15/2021
  • 14 Beds
  • 14 Baths
  • 8,019 Sq.Ft.
Sold
$3,075,000 Sold Price as of 03/15/2021 Refinance Your Mortgage
Map preview of 1222 W Brook St, Santa Ana, CA 92703

Property Overview: 1222 W Brook St Santa Ana, CA has 14 bedrooms, 14 bathrooms, 8,019 living square feet and 13,029 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer 1218-1222 W. Brook Street, a 14-unit multifamily investment opportunity in the exceptionally strong rental market of Santa Ana. Comprised of side-by-side buildings on a single parcel, the Brook Street apartments offers stand out curb appeal with no expense spared on the exterior renovations with modern paint colors and landscaping. The property features new windows, new roofs, new decks & railings and a new asphalt parking lot to name a few. Step inside and you'll find 8 out of the 14 units fully renovated and remodeled. These interiors feature top-notch finishes including all new kitchens with granite countertops and new cabinetry, bathrooms with tile shower walls and new vanities, and tile flooring throughout. The remaining units have also been upgraded to various degrees. Offering true pride of ownership, vast amounts of capital improvements, easily achievable rental increases, and impressive cash-flow with as little as 35% down payment, the Brook Street apartments is a standout investment option in one of the strongest rental markets in all of Orange County.

Listed by Rick Applebaum | BRE #01273871 | Morgan Skenderian
Last checked: 10 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 81

Home details

Lot Sq. Ft
13,029
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20200024
City
Santa Ana
County
Orange
Time on Site
1310 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 2
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $3,825
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $1,325
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $4,050
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $5,580
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 5
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $4,275
  • Pro Forma/Market Rent: $1,475
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.8%
  • Gross Rent Multiplier: 13.67
  • Gross Scheduled Income: $230,460
  • Net Operating Income: $149,742
  • Gross Operating Income: $223,546
  • Vacancy Allowance: $6,914
  • Laundry Income: $1,800
Annual Expense Breakdown
  • Total Operating Expense: $73,804
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $35,541
  • Trash: $0
  • Gardener: $2,040
  • Insurance: $3,208
  • Maintenance: $13,413
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $15,460
  • Other Expense Description: Utility

Property Details for 1222 W Brook St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 21
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 14
  • Parcel Number: 01027134
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Pico-Lowell
  • Directions: North of W. McFadden Ave. & East of S. Bristol St.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Santa Ana Agent

Sale History for 1222 W Brook St

Last leased for $1,595 on July 20th, 2022

  • July, 2022

  • Jul 20, 2022

    Date

    Leased

    CRMLS: PW22143225

    $1,595

    Price

  • Jun 30, 2022

    Date

    Active

    CRMLS: PW22143225

    $1,695

    Price

  • Listing provided courtesy of CRMLS

    This 1 bedroom, 1 bath downstairs end unit is bright and fresh. There is easy to maintain tile flooring and new paint throughout. Kitchen has been updated with shiny quartz counters. Refrigerator to be included. Large bedroom and full bathroom with tub/shower combo. Included is TWO off street parking space. Trash also included. On site coin op laundry rooms. 12 month lease, 1 month security deposits. No pets or smoking please. Good credit and sufficient income required. Contact REE for more information!

  • March, 2021

  • Mar 15, 2021

    Date

    Sold

    CRMLS: PW20200024

    $3,075,000

    Price

  • Dec 15, 2020

    Date

    Active Under Contract

    CRMLS: PW20200024

    $3,150,000

    Price

  • Sep 24, 2020

    Date

    Active

    CRMLS: PW20200024

    $3,150,000

    Price

  • May, 2018

  • May 17, 2018

    Date

    Canceled

    CRMLS: PW17274147

    $2,895,000

    Price

  • Apr 9, 2018

    Date

    Price Change

    CRMLS: PW17274147

    $2,895,000

    Price

  • Mar 2, 2018

    Date

    Price Change

    CRMLS: PW17274147

    $2,965,000

    Price

  • Feb 13, 2018

    Date

    Price Change

    CRMLS: PW17274147

    $2,995,000

    Price

  • Dec 13, 2017

    Date

    Active

    CRMLS: PW17274147

    $3,050,000

    Price

  • Listing provided courtesy of CRMLS

    *Major Renovation Completed, *New Windows, Roof, Landscaping, Paint, Asphalt, Signage, Decks, Railings & Stairs, *Highly Upgraded Interiors in Select Units- New Kitchens, Bathrooms, Tile Flooring, Electrical & Plumbing, *Ample Parking with 1.5:1 Parking Ratio, *Close Proximity to Mater Dei High School, Lowell Elementary School and Boys & Girls Club, *Easily Obtainable Rental Increases

  • December, 1979

  • Dec 5, 1979

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1222 W Brook St

Assessed Value (2020): $1,875,507
Year Land Value Improved Value Assessed Value
2020 $1,331,610 $543,897 $1,875,507

Home Value Compared to the Market

This property vs the competition

1222 W Brook St sold on March 15, 2021 for 320% higher than the current median sold price for the city of Santa Ana which is $750,000. The median sold price per/sqft for Santa Ana is $561 and this home is sold at $392.82 per/sqft which puts the price per square foot 29.98% lower than the current median sale per square foot for the city of Santa Ana.

About 1222 W Brook St

Detailed summary of property

1222 W Brook St is a multi family that recently sold in Santa Ana, CA 92703. This multi family property offered 14 bedrooms, 14 bathrooms, roughly 8,019 living square feet, and sits on an approximately 13,029 square foot lot. 1222 W Brook St was first listed on ArdentRealEstateGroup.com on September 24, 2020. The homeowner sold the property for $3,075,000. Home in Santa Ana are selling for a median price of $750,000 and a median price per square foot of $561. Based on Ardent Real Estate Group's Santa Ana Market Data, this home is sold 320% higher than the current median priced home. Local homes that are currently for sale include 213 41st St, 213 41st St and 210 41st St. While the average home in Santa Ana, CA is selling in 47 days, 1222 W Brook St has a days on market of 81 days. There are currently 229 homes for sale in the Santa Ana real estate market and 130 of them are single family homes while 88 of them are condos and 10 are townhomes. For more information on this home for sale at 1222 W Brook St Santa Ana, CA 92703 contact Ardent Real Estate Group and we will put you in touch with one of our Santa Ana agents.

Public Facts for 1222 W Brook St

Public county record property details
Beds
--
Baths
--
Year built
1959
Sq. Ft.
8,019
Lot Size
13,029
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
21
APN
010-271-34

The source for these homes facts are from public records.

92703 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$775,000
Median List Price/Sq.Ft.
$597
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$510
Total Inventory
28
Median Sale to List Price %
103.23%
Avg Days on Market
28
Loan Type
Conventional (33.33%), FHA (22.22%), VA (0%), Cash (22.22%), Other (22.22%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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