317 S Flower St Santa Ana, CA 92703
Heninger Park NeighborhoodEstimated payment $31,481/month
About This Home
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.
Please call listing office for more information.
Listing Agent
Alliance Investment RE Group Brokerage Phone: 949-683-6662 License #01085411 Listed on: 04/10/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Lot Details
- 6,146 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Parking
- 6 Open Parking Spaces
- 20 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 10,350 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 5 / B
- Tax Tract Number 101
- Assessor Parcel Number 00820327
- $4,911 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 20 Units
Amenities
- Laundry Facilities
Building Details
- 20 Leased Units
- Rent Control
- 21 Separate Electric Meters
- 21 Separate Gas Meters
- 21 Separate Water Meters
- Electric Expense $2,200
- Fuel Expense $550
- Insurance Expense $3,623
- Trash Expense $8,600
- Water Sewer Expense $8,300
- Operating Expense $111,428
- Gross Income $426,000
- Net Operating Income $332,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | For Sale | $4,975,000 | +40.7% | $481 / Sq Ft |
| 10/09/2019 10/09/19 | Sold | $3,535,000 | -9.2% | $342 / Sq Ft |
| 10/08/2019 10/08/19 | For Sale | $3,895,000 | 0.0% | $376 / Sq Ft |
| 09/02/2019 09/02/19 | Pending | -- | -- | -- |
| 07/24/2019 07/24/19 | Price Changed | $3,895,000 | -1.4% | $376 / Sq Ft |
| 04/01/2019 04/01/19 | For Sale | $3,950,000 | +48.5% | $382 / Sq Ft |
| 01/30/2015 01/30/15 | Sold | $2,660,000 | -3.8% | $257 / Sq Ft |
| 11/10/2014 11/10/14 | Pending | -- | -- | -- |
| 08/04/2014 08/04/14 | For Sale | $2,765,000 | -- | $267 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25079080
APN: 008-203-27
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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