1601 N Flower Street, Santa Ana, CA 92706

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1601 N Flower Street,Santa Ana, CA 92706
$3,895,000
  • - Beds
  • - Baths
  • 15,678 sq. ft.
  • Multi-family
  • Active
Listed by:chris keramati
Office:triqor group
MLS#:PW25163850
Source:CRMLS

Price summary

  • Price:$3,895,000
  • Price per sq. ft.:$248.44

About this home

We are pleased to present the Flower Street Apartments, available for the first time in nearly 30 years. This well-maintained asset spans over half an acre and offers a majority of spacious two-bedroom floor plans exceeding 1,000 square feet, with more than half designed as two-story townhomes. The property features both garage and open parking, individual gas and electric meters, and gated entry, providing residents with privacy and comfort. Priced under $250 per square foot, this offering presents investors with significant upside potential, including a projected 60% increase in rental income. Flower Street Apartments represents a compelling investment opportunity with a cap rate exceeding 9% and a 7.86 GRM on market rents.

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Home facts

  • Year built:1949
  • Listing ID #:PW25163850
  • Added:64 day(s) ago
  • Updated:September 21, 2025 at 01:19 PM

Rooms and interior

  • Living area:15,678 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1949
  • Building area:15,678 sq. ft.
  • Lot area:0.54 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,895,000
  • Price per sq. ft.:$248.44
Based on information from California Regional Multiple Listing Service, Inc. as of September 25, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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