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$5,095,000

Beds
Unknown
sq ft
10,350

317 S Flower St, Santa Ana, CA 92703

317 S Flower St

Santa Ana, CA 92703

  • 72 days on market
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.

Details

Property type

Apartment

Lot size

6,146 sq ft

Price per sq ft

$493

Year built

1985

Price History

08/28/2024
CRMLS

CRMLS #OC24178548

Listed
$5,095,000
-7.16%
02/20/2024
CRMLS

CRMLS #OC23051016

Removed
$5,488,000
03/28/2023
CRMLS

CRMLS #OC23051016

Listed
$5,488,000
+55.25%

Schools & Community

Neighborhood: 

Heninger Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Suburban, Sidewalks

Status: Active

Tomo last checked: 11/08/2024 at 6:50 AM

Listing updated: 10/02/2024 at 2:41 AM

Listed by: Ruben Khorsandi, Alliance Investment RE Group Phone #: (949) 250-0400

MLS: CRMLS #OC24178548

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