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Multifamily

1127-1133 S Poplar St

1127-1133 S Poplar St, Santa Ana, CA 92704

Listing Price: $3,300,000

Cap Rate
5.45%
Number of Units
16
GRM
11.12
Price/Unit
$206,250
Price/Gross SF
$359.95
Gross SF
9,168

Investment 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.

Investment 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

Exclusively Listed By

Multifamily

1127-1133 S Poplar St

Listing Price: $3,300,000

Cap Rate
5.45%
Number of Units
16
GRM
11.12
Price/Unit
$206,250
Price/Gross SF
$359.95
Gross SF
9,168

Investment 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

Investment 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.

Exclusively Listed By

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