Homes for sale - 1601 N Flower ST, Santa Ana, CA 92706

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,895,000

Est. payment - /mo

0.54 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Washington Square

MLS Listing ID PW25163850

HOA Y/N No

Year Built 1949

Lot Size 0.539 Acres

Property Sub-Type Apartment

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.

Location

State CA

County Orange

Area 70 - Santa Ana North Of First

Zoning R-3

Interior

Heating Forced Air

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 13.0

Garage Description 13.0

Pool None

Community Features Sidewalks

Total Parking Spaces 19

Private Pool No

Building

Lot Description Irregular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 39857112

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Chris Keramati Triqor Group chris@triqorgroup.com

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Serving Southern California

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