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Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21244554
Sold Date 03/31/22
Bedrooms 1
HOA Y/N No
Lot Size 6,785 Sqft
Property Description
We are pleased to present 1143 S. Poplar Street, a garden-style, 8-unit apartment community located in the exceptionally strong rental market of Santa Ana. Family-owned and operated for 12 years, this added value opportunity offers massive upside potential through modernization of interiors and exterior capital improvements that will enhance the curb appeal. The building is comprised of all 1-Bedroom units with carport parking along with on-site laundry for tenants. Tenants of the community enjoy proximity to vibrant and historic Downtown Santa Ana which is amid a complete revitalization with shopping and restaurants, South Coast Plaza, and easy freeway access. These qualities attract a stable and consistent tenant base with very low turnover. These desirable characteristics make 1143 S. Poplar Street a great opportunity for investors looking for a long-term investment. 1140 S. Poplar Street is also available for a combined 28-units across the street from 1143 S. Poplar Street. Buildings can be purchased together or separately.
We are pleased to present 1143 S. Poplar Street, a garden-style, 8-unit apartment community located in the exceptionally strong rental market of Santa Ana. Family-owned and operated for 12 years, this added value opportunity offers massive upside potential through modernization of interiors and exterior capital improvements that will enhance the curb appeal. The building is comprised of all 1-Bedroom units with carport parking along with on-site laundry for tenants. Tenants of the community enjoy proximity to vibrant and historic Downtown Santa Ana which is amid a complete revitalization with shopping and restaurants, South Coast Plaza, and easy freeway access. These qualities attract a stable and consistent tenant base with very low turnover. These desirable characteristics make 1143 S. Poplar Street a great opportunity for investors looking for a long-term investment. 1140 S. Poplar Street is also available for a combined 28-units across the street from 1143 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
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash
Space Rent $1,275
Listing Terms Cash
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Bought with Matthew Hoyt • Hoyt Real Estate, Inc.