1601 N Flower Street, Santa Ana, CA 92706

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Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

kobezimmerman@bhhscal.com +1(858) 753-3353

$3,895,000

Est. payment - /mo

5 Beds

3 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25163850

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present the Flower Street Apartments, available for the first time in nearly 30 years. This well-maintained asset spans over half an acre and offers a majority of spacious two-bedroom floor plans exceeding 1,000 square feet, with more than half designed as two-story townhomes. The property features both garage and open parking, individual gas and electric meters, and gated entry, providing residents with privacy and comfort. Priced under $250 per square foot, this offering presents investors with significant upside potential, including a projected 60% increase in rental income. Flower Street Apartments represents a compelling investment opportunity with a cap rate exceeding 9% and a 7.86 GRM on market rents.

Location

State CA

County Orange

Zoning Public Rec

Direction Going North on N. Flower St., Property Will Be On Your Right After Passing 15th St.

Interior

Heating Forced Air Unit

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 39857112

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Listed by Chris Keramati Triqor Group

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1601 N Flower Street Santa Ana, CA 92706