Santa Ana, CA 92706,1601 N Flower Street
Santa Ana, CA 92706,1601 N Flower Street
Santa Ana, CA 92706,1601 N Flower Street
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$3,895,000
Est. payment /mo
15,678 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 15,678 sqft

Price per Sqft $248

MLS Listing ID CRPW25163850

HOA Y/N No

Year Built 1949

Lot Size 0.539 Acres

Acres 0.54

Property Sub-Type Other

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 R-3

Interior

Heating Forced Air

Fireplace No

Laundry Other

Building

Lot Description Irregular Lot

New Construction No

Others

Tax ID 39857112


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Bridge MLS
Listed by Chris Keramati • Triqor Group

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1601 N Flower Street