We are pleased to present Flower Street Apartments comprised of a 20 unit gated apartment complex located in the heart of Santa Ana. All of the units have been COMPLETELY renovated with approximately $500,000 spent over the last 5 years in both the interiors and exterior. The property is individually metered for both gas & electric and has their own water heater. Each unit has a large patio/balcony for the tenants to enjoy. The renovated units include new kitchens with quartz countertops, stainless steel appliances, new bathrooms/showers with new vanities, tile shower walls, high-efficiency toilets, LED recessed lighting and new windows. The exterior renovations include paint, new staircases and decking, security camera system, exterior lighting and new landscaping. The building is also equipped with a fire sprinkler system throughout. There is also a laundry room with owned equipment that generates additional monthly cashflow. Although existing rents are strong, there is still rental upside with the opportunity for a new investor to raise rents for even better cash flow. This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow!
Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Please call listing office for more information.
For sale
Listing Provided by:
Ruben Khorsandi DRE #01085411 949-683-6662,
Alliance Investment RE Group
$4,975,000
317 S Flower St, Santa Ana, CA 92703
4beds
20baths
10,350sqft
Est.:
Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$481/sqft
$-- HOA
What's special
Gated apartment complexNew windowsTile shower wallsSecurity camera systemStainless steel appliancesExterior renovationsNew landscaping
- 121 days
- on Zillow |
- 80 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 02:30pm
Listing Provided by:
Ruben Khorsandi DRE #01085411 949-683-6662,
Alliance Investment RE Group
Source: CRMLS,MLS#: OC25079080
Originating MLS: California Regional MLS

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Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 20
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 10,350
- Total interior livable area: 10,350 sqft
Property
Parking
- Total spaces: 26
- Parking features: Garage
- Garage spaces: 20
- Uncovered spaces: 6
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 6,146 Square Feet
- Features: 16-20 Units/Acre
Details
- Parcel number: 00820327
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Storm Drain(s), Street Lights, Suburban, Sidewalks
- Subdivision: Other
Location
- Region: Santa Ana
Financial & listing details
- Price per square foot: $481/sqft
- Date on market: 4/10/2025
- Listing terms: Cash to New Loan
- Total actual rent: 35460
- Tenant pays: Electricity, Gas, Trash Collection, Water
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