1601 N Flower Street, Santa Ana, CA 92706
- $3,700,000
- Sold Price
- $3,700,000
- List Price
- $3,895,000
- Closing Date
- Nov 10, 2025
- Status
- CLOSED
- MLS#
- PW25163850
- Year Built
- 1949
- Lot Size
- 23,484
- Acres
- 0.54
- Lot Location
- Irregular Lot
- Days on Market
- 49
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Washington Square
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.
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Additional Information
- Pool Description
- None
- Heat
- Forced Air
- Garage Spaces Total
- 13
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 17
- Gross Scheduled Income
- $312,372
- Operating Expense
- 121280
Listing courtesy of Listing Agent: Chris Keramati (chris@triqorgroup.com) from Listing Office: Triqor Group.
Listing sold by Chris Keramati from Triqor Group
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.