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.
For sale
Listing Provided by: 
Chris Keramati DRE #01702116 chris@triqorgroup.com,
Triqor Group
$3,895,000
1601 N Flower St, Santa Ana, CA 92706
26beds
17baths
15,678sqft
Est.: 
Multi Family
Built in 1949
-- sqft lot
$-- Zestimate®
$248/sqft
$-- HOA
What's special
Two-story townhomesGated entrySpacious two-bedroom floor plansGarage and open parking
- 101 days |
- 239 |
- 15 |
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