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1143 S Poplar Street

Santa Ana, CA 92704
  • $1,845,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: PW21244554
$1,845,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent: Nick Gould of Morgan Skenderian and Rick Applebaum of


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123129679
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1143 S Poplar Street Santa Ana, CA 92704

  • Price: $1,845,000
  • Status: Active
  • On Site: 25 Days
  • ID#: PW21244554
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1959
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
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.
Exterior Features

Carport Spaces 8 Carport YN Yes Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 9 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Fireplace Features BathElectricGasLiving Room Fireplace YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 780 Gross Scheduled Income 123180 Insurance Expense 1808 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 7766 Net Operating Income 71125 New Construction YN No New Taxes Expense 22538 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 48360 Other Expense 15435 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Supplies Expense 213 Tenant Pays Electricity Trash Expense 0 Vacancy Allowance 3695 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Nick Gould of Morgan Skenderian and Rick Applebaum of