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Key Details
Sold Price $5,000,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21244539
Sold Date 03/31/22
Bedrooms 3
HOA Y/N No
Lot Size 0.472 Acres
Property Description
We are pleased to present 1140 S. Poplar Street, a garden-style, 20-unit apartment community located in the exceptionally strong rental market of Santa Ana. The desirable unit mix, comprised of primarily 2-Bedroom units at an asking price of $265,000/unit makes the Poplar Apartments one of the most affordable investment opportunities available in Orange County. The beautifully landscaped courtyard, on-site laundry facilities, carport, and garage parking combined with its proximity to the lively Downtown district, South Coast Plaza, and easy freeway access creates a stable and consistent tenant base with very low turnover. A new owner will capture remarkable growth through modernization of interiors and increasing rental levels making 1140 S. Poplar Street the perfect opportunity for the added value investor. 1143 S. Poplar Street is also available for a combined 28-units across the street from 1140 S. Poplar Street. Buildings can be purchased together or separately.
We are pleased to present 1140 S. Poplar Street, a garden-style, 20-unit apartment community located in the exceptionally strong rental market of Santa Ana. The desirable unit mix, comprised of primarily 2-Bedroom units at an asking price of $265,000/unit makes the Poplar Apartments one of the most affordable investment opportunities available in Orange County. The beautifully landscaped courtyard, on-site laundry facilities, carport, and garage parking combined with its proximity to the lively Downtown district, South Coast Plaza, and easy freeway access creates a stable and consistent tenant base with very low turnover. A new owner will capture remarkable growth through modernization of interiors and increasing rental levels making 1140 S. Poplar Street the perfect opportunity for the added value investor. 1143 S. Poplar Street is also available for a combined 28-units across the street from 1140 S. Poplar Street. Buildings can be purchased together or separately.
Location
State CA
County Orange
Area Oc - Santa Ana (92704)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Acceptable Financing Cash
Space Rent $1,275
Listing Terms Cash
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Matthew Hoyt • Hoyt Real Estate, Inc.