1601 N Flower Street

Santa Ana , CA 92706

MLS#: PW25163850

$3,895,000

Status: Active
Listing number: PW25163850
Listing provided by: Triqor Group
Listing agent phone: None
Last update: 19 days ago
On site: 26 days ago
Browse Properties
Washington Square - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1949

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Forced Air

Exterior

  • Garage

    Yes

  • Garage spaces

    13

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Features

    Irregular Lot

  • Lot Size(acres)

    0.5391

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $3,895,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    0

  • Water Source

    Public

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Location

County

Orange

Elementary School

Middle School

High School

Listing Courtesy of Chris Keramati , Triqor Group

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(818) 321-0175

Lina@theosrealty.com


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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.

1601 N Flower Street

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