Property

Santa Ana, CA 92703 317 S Flower Street

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Presented By: Ruben Khorsandi with Alliance Investment RE Group; 949-683-6662
  • MLS# OC25079080
  • 04/10/2025
  • Request Tour
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  • Baths • 1
  • SQFT • 10,350
  • Garage • 20

Home Details

We are pleased to present Flower Street Apartments comprised of a 20 unit gated apartment complex located in the heart of Santa Ana. All of the units have been COMPLETELY renovated with approximately $500,000 spent over the last 5 years in both the interiors and exterior. The property is individually metered for both gas & electric and has their own water heater. 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. 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! Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Presented By: Ruben Khorsandi with Alliance Investment RE Group; 949-683-6662

Interior Features for 317 S Flower Street

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Total Stories2

Other Rooms

Entry Level1

General for 317 S Flower Street

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate6.7
CitySanta Ana
Community FeaturesStorm Drain(s), Street Lights, Suburban, Sidewalks
CountyOrange
DirectionsLocated on Flower Street between Myrtle and Walnut
Electric Expense2200
Entry Location1
Fuel Expense550
Garage Spaces20
Garage Y/NYes
Gross Income426000
HOANo
HOA Fee$
Insurance Expense3623
Land Lease Y/NNo
Listing TermsCash to New Loan
Lot Size Square Feet6146
Lot Size UnitsSquare Feet
MLS Area69 - Santa Ana South of First
Net Operating Income332000
New ConstructionNo
Number Of Units Total20
Number of Units Leased20
Open Parking Spaces6
Operating Expense111428
Pool FeaturesNone
PostalCitySANTA ANA
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameOther
Tax Lot5
Tenant PaysElectricity, Gas, Trash Collection, Water
Total Actual Rent35460
Trash Expense8600
Water Sewer Expense8300
Year Built1985
Year Built SourceAssessor

Exterior for 317 S Flower Street

Building Area Total10350
Lot Features16-20 Units/Acre
Lot Size Acres0.1411
Lot Size Area6146
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters21
Number of Separate Gas Meters21
Number of Separate Water Meters21
Private PoolNo
Total Parking26
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Limor Zamir

Realtor®
Price $4,974,000
MLS#OC25079080
List Date 04/10/2025
Property Type Multi-Family
Phone 310.866.3778
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