Santa Ana, CA 92703,317 S Flower Street
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Listed by Ruben Khorsandi • Alliance Investment RE Group
$ 4,975,000
Est. payment /mo
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317 S Flower Street Santa Ana, CA 92703

10,350 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 10,350 sqft

Price per Sqft $480

MLS Listing ID CROC25079080

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1985

Lot Size 6,146 Sqft

Property Sub-Type Other

Property Description

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 there 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! All information is deemed to be reliable, however, buyer to verify all infor

Location

State CA

County Orange

Interior

Fireplace No

Laundry Community Facility

Building

Water Public


Bay East AOR and Contra Costa AOR
agent

Patricia Beattie

Broker | CA DRE#02153415

+1(800) 517-7326

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317 S Flower Street