1137 S Poplar Street, Santa Ana, CA 92704
- $1,450,000
- Sold Price
- $1,450,000
- List Price
- $1,498,000
- Closing Date
- Jan 31, 2024
- Status
- CLOSED
- MLS#
- PW23114605
- Year Built
- 1971
- Lot Size
- 6,970
- Acres
- 0.16
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 190
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
This Value-add investment is comprised of 7 units located in the City of Santa Ana near Mater Dei High School, built in 1971 consists of seven 1 bedroom/1 bath units. This building has been well maintained and managed. The Close Proximity to nearby Bristol/McFadden retail corridor, the shopping centers, markets, and transportation makes it extremely desirable to tenants. Long term tenants in place, all on month to month leases, all tenants pay on time! All electric separately metered, tenants pay. Onsite laundry. Current owner has made several improvements to the building including exterior paint, A/C units added to units, new sliders, windows, 2 units have been recently updated, roof recently recoated with cool roof. POTENTIAL TO DEVELOP ADDITIONAL UNITS ON SITE, there is a sustained demand for new development and with this property there is huge value add potential and rental growth.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 7
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $124,320
- Operating Expense
- 18993
Listing courtesy of Listing Agent: Marisa Hernandez (marisa.casagroup@gmail.com) from Listing Office: Casa Real Estate Group, Inc..
Listing sold by Behzad Partovi from Partovi Realty
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.