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1140 S Poplar ST Santa Ana, CA 92704
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Key Details
Sold Price $5,000,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21244539
Sold Date 03/31/22
HOA Y/N No
Year Built 1960
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.
Location
State CA
County Orange
Area 699 - Not Defined
Zoning R3
Interior
Fireplaces Type Bath, Electric, Gas, Kitchen, Living Room
Fireplace Yes
Laundry Common Area
Exterior
Garage Spaces 8.0
Carport Spaces 12
Garage Description 8.0
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 22
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 10907314
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard, Trust
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Bought with Matthew Hoyt Hoyt Real Estate, Inc.
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Chrystal & David Schoenbrun
Realtor/Broker Associate | License ID: 01409474 & 01761327