$1,750,000
$1,845,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
6,786 Sqft Lot
SOLD DATE : 03/31/2022
Key Details
Sold Price $1,750,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21244554
Sold Date 03/31/22
HOA Y/N No
Year Built 1959
Lot Size 6,786 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.
Location
State CA
County Orange
Area 699 - Not Defined
Zoning R3
Interior
Fireplaces Type Bath, Electric, Gas, Living Room
Fireplace Yes
Laundry Common Area
Exterior
Carport Spaces 8
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban
Total Parking Spaces 8
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 10907211
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.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "