317 S Flower Street
Santa Ana, CA 92703
- – beds
- – baths
- – sqft
- 6,146 sqft lot
- 1985 build
- – on site
We are pleased to present Flower Street Apartments comprised of a 20 unit apartment complex located in the heart of Santa Ana. All of the units have been COMPLETELY renovated with approximately $500,000 spent in the last 2 years in both the interiors and exterior. 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 along with individual water heaters in each unit to keep expenses low. There is also a RUBS reimbursement program in place for water/sewer and Trash so approximately 90% of those expenses are paid for by the tenants. And 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! All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Last checked:
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Last updated Aug 28, 2024
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MLS# OC24178548 —
The Building
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Year Built:1985
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:10350.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:20
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Stories Total:2
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# of Separate Gas Meters:21
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# of Separate Water Meters:1
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# of Separate Electric Meters:21
Interior
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Entry Location:1
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Laundry:Community
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Laundry:1
Location
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Directions:Located on Flower Street between Myrtle and Walnut
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Latitude:33.74264900
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Longitude:-117.87588800
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:16-20 Units/Acre
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Lot Size Area:6146.0000
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Lot Size Acres:0.1411
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Lot Size SqFt:6146.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:B
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Tax Census Tract:749.01
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Tax Tract:101
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Tax Lot:5
The Listing
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Special Listing Conditions:Standard
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Parcel Number:00820327
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Other (OTHR)
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Subdivision:Other
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Senior Community:No
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Features:Sidewalks, Storm Drains, Street Lights, Suburban
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Pool:None
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Private Pool:No
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Association:No
Parking
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Parking Spaces:26.00
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Garage Spaces:20.00
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Uncovered Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/28/24
Aug 28, 2024
|
Listed / Active | CRMLS_CA | $5,095,000 | 44.1% (9.0% / YR) |
|
10/9/19
Oct 9, 2019
|
CRMLS_CA | $3,535,000 | -9.2% | |
|
10/8/19
Oct 8, 2019
|
CRMLS_CA | $3,895,000 |
