1127 Poplar St - Apartments FOR SALE


Santa Ana, CA 92704- Mid-City
$3,300,000 USD
424-405-3826
1127 Poplar St, Santa Ana, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/5
null | 5.45% Cap Rate

1127 Poplar St
Santa Ana, CA 92704
Mid-City


HIGHLIGHTS

  • Pride-of-Ownership Asset Consisting of Two Eight-Unit Apartment Buildings on Contiguous Parcels
  • All One-Bedroom/One-Bath Units
  • Potential to Capture 20 Percent Rental Upside
  • Property Features On-Site Laundry and Carport Parking
  • Strong Rental Location One Block From an Elementary School, Walkable to a Grocery Store and Dining Options, and a Half-Mile to Mater Dei High School

OVERVIEW

Marcus & Millichap is pleased to present to market 1127-1133 South Poplar Street in Santa Ana, California. This offering consists of two pride-of-ownership eight-unit apartment complexes on contiguous parcels. The buildings offer all one-bedroom/one-bath units, on-site laundry, and carport parking. 1127-1133 South Poplar Street is located near the intersection of McFadden Avenue and Bristol Street, within easy walking distance of a major grocery store and dining options, one block from an elementary school, and a half-mile to Mater Dei High School. Current rents offer a new investor 20 percent rental upside, making this a great investment opportunity for an investor looking for a well-maintained asset in a strong rental location with long-term potential.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$519 USD /SF

# OF UNITS

16

PRICE/UNIT

$206,250

CAP RATE

5.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,557 SF

ZONING

-

APN/PARCEL ID

109-072-07,109-072-08

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.