$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 #OC24178548
Listed
$5,095,000
-7.16%
02/20/2024
CRMLS #OC23051016
Removed
$5,488,000
03/28/2023
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
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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