111 S Flower Avenue, Brea, CA 92821

  • $6,750,000
  • $551
111 S Flower Avenue, Brea, CA 92821
  • Residential Income
  • Property Type
  • 16.00
  • Garages
  • 1980
  • Year Built
For Sale
111 S Flower Avenue, Brea, CA 92821
  • $6,750,000
  • $551

Overview

Property ID: SGR-32510740
  • Residential Income
  • Property Type
  • 16.00
  • Garages
  • 1980
  • Year Built

Description

111 South Flower Avenue is an 18-unit multifamily investment property located in Brea, California. The property offers a diverse mix consisting of 5, studio units, 6, one-bedroom units, 6, two-bedroom units, and 1, three-bedroom unit. Residents enjoy the property’s amenities including ample garage and surface parking, an on-site laundry facility, and private patios (first-floor units). Current ownership has invested significant capital into unit and property improvements, and has stabilized the asset with in-place rents near market rental rates. Improvements include fresh paint, vinyl flooring, quartz countertops, shaker-style cabinetry, recessed lighting, and more. 111 South Flower Street is situated in an optimal Brea location, within walking distance of a plethora of retail, dining, and entertainment options at Brea Downtown, Brea Gateway, Brea Marketplace, and the Brea Mall. Furthermore, 111 South Flower Street benefits from its proximity, within 2.50 miles, to California State University Fullerton (CSUF), a major economic and housing driver for the area. Th property offers convenient access to Imperial Highway and State Route 57, connecting residents to regional employment hubs throughout Southern California. Given its optimal Brea location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued success at 111 South Flower Street.

  • Address 111 S Flower Avenue
  • City Brea
  • State/county CA
  • Zip/Postal Code 92821
  • Area 86 - Brea
  • Country United States

Details

Updated on May 24, 2024 at 7:09 am
  • Property ID: SGR-32510740
  • Price: $6,750,000
  • Land Area: 21344.40 m²
  • Garages: 16.00
  • Year Built: 1980
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 12246.00
  • MLS#: OC24096565
  • Office Name: MARCUS & MILLICHAP RE INVEST
  • Agent Name: Tyler Leeson
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01451551

Additional details

  • Sewer: Public Sewer
  • County: Orange
  • Property SubType: Apartment
  • Parking: 31.00
  • Water Source: Public

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