$3,895,000

1601 N Flower Street, Santa Ana, CA 92706

  • 15,678 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1949
  • Property Lot Size Icon0.54acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $248/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Date Added:
July 22, 2025 at 05:00AM
Listing Office:
Triqor Group : 949-756-3232
Listing Agent:
Chris Keramati : 949-756-3232
MLS ID:
CRPW25163850
  • Laundry: Other
  • Heating: Forced Air
  • County: Orange
  • Zoning: R-339857112

This listing courtesy of Chris Keramati, Triqor Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Wilson Elementary School

1317 N Baker St, Santa Ana, CA, 92706

Grades KG-5

0.37 miles away

W

Willard Intermediate School

1342 N Ross St, Santa Ana, CA, 92706

Grades 6-8

0.22 miles away

M

Middle College High School

1530 W 17th St, Santa Ana, CA, 92706

Grades 9-12

0.69 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.