Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW25163850
MLS Source
California Regional MLS
Days on Site
29
Interior Features
Heating
Forced Air
Parking, School, and Other Information
Garage/Parking
Garage: 13 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1601 N Flower St is a Residential Income in Santa Ana, CA 92706. This – square foot property sits on a 23,484 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,895,000 and was built in 1949. This address can also be written as 1601 N Flower St, Santa Ana, CA 92706.
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This listing information is up-to-date as of July 29, 2025. For the most current information, please contact Chris Keramati, (949) 756-3232
