1601 North Flower Street Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92706
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 15,678 sqft
Price per Sqft $248
MLS Listing ID PW-25163850
Year Built 1949
Lot Size 0.539 Acres
Property Sub-Type Apartment
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
Area 70 - Santa Ana North Of First
Zoning R-3
Interior
Heating Forced Air
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 13.0
Pool None
Community Features Sidewalks
Building
Lot Description Irregular Lot
Sewer Public Sewer