1601 N Flower Street, Santa Ana, CA 92706
Local realty services provided by:ERA Excel Realty



1601 N Flower Street,Santa Ana, CA 92706
$3,895,000
- - Beds
- - Baths
- 15,678 sq. ft.
- Multi-family
- Active
Listed by:chris keramati
Office:triqor group
MLS#:PW25163850
Source:CRMLS
Price summary
- Price:$3,895,000
- Price per sq. ft.:$248.44
About this home
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.
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Home facts
- Year built:1949
- Listing Id #:PW25163850
- Added:27 day(s) ago
- Updated:August 18, 2025 at 02:21 PM
Rooms and interior
- Living area:15,678 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1949
- Building area:15,678 sq. ft.
- Lot area:0.54 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,895,000
- Price per sq. ft.:$248.44
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