Santa Ana, CA 92704,1140 S Poplar Street
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Santa Ana, CA 92704,1140 S Poplar Street
Santa Ana, CA 92704,1140 S Poplar Street
Santa Ana, CA 92704,1140 S Poplar Street
Santa Ana, CA 92704,1140 S Poplar Street

$5,000,000

Est. payment /mo

$5,300,000

5.7%
Est.Price: ?

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1140 S Poplar Street Santa Ana, CA 92704

3 Beds

2 Baths

0.47 Acres Lot

SOLD DATE : 03/31/2022

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

Bedrooms 3

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

Others

Acceptable Financing Cash

Space Rent $1,275

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by Nick Gould • Morgan Skenderian
Bought with Matthew Hoyt • Hoyt Real Estate, Inc.

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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