Bought with Chris Keramati
$3,700,000
$3,895,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
0.54 Acres Lot
SOLD DATE : 11/10/2025
Key Details
Sold Price $3,700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW25163850
Sold Date 11/10/25
Year Built 1949
Lot Size 0.539 Acres
Source California Regional MLS
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
Interior
Heating Forced Air
Laundry Laundry Area
Exterior
Garage Spaces 19.0
Pool None
Building
Lot Description Irregular
Water District - Public
Others
Tax ID 39857112
Special Listing Condition Not Applicable
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