Property
Presented By: Mike Marcu with Mike Marcu, Broker; 949 688 1224
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 1235ā1239 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.
Presented By: Mike Marcu with Mike Marcu, Broker; 949 688 1224
Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Total Stories2
Entry Level1
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate6.35
CitySanta Ana
Community FeaturesCurbs, Gutter(s), Urban
CountyOrange
DirectionsBristol to Cubbon Street, east, Baker Street north, Brook, west.
Electric Expense2000
Entry Location1 & 2
Fuel Expense1500
Garage Spaces5
Garage Y/NYes
Gross Income
HOANo
HOA Fee$
Insurance Expense5500
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet13504
Lot Size UnitsSquare Feet
MLS Area69 - Santa Ana South of First
MaintenanceExpense6875
Net Operating Income188555
New ConstructionNo
Number Of Units Total11
Open Parking Spaces9
Operating Expense86555
Pool FeaturesNone
PostalCitySANTA ANA
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerSewer Tap Paid
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision Nameother
Tax Lot49
Taxes$33,435
Tenant PaysElectricity, Gas
Trash Expense3848
Water Sewer Expense9900
Year Built1962
Year Built SourceAssessor
Building Area Total8950
Lot Features31-35 Units/Acre
Lot Size Acres0.31
Lot Size Area13504
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters12
Number of Separate Gas Meters12
Number of Separate Water Meters1
Parking FeaturesAssigned
Private PoolNo
Total Parking14
Water SourcePublic
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Price
$2,975,000
MLS#OC26030800
List Date
02/06/2026
Property Type
Multi-Family
Phone
(562) 818-1655