317 S Flower Street, Santa Ana, CA 92703

  • $5,095,000
  • $492
317 S Flower Street, Santa Ana, CA 92703
  • Residential Income
  • Property Type
  • 20.00
  • Garages
  • 1985
  • Year Built
For Sale
317 S Flower Street, Santa Ana, CA 92703
  • $5,095,000
  • $492

Overview

Property ID: SGR-33839306
  • Residential Income
  • Property Type
  • 20.00
  • Garages
  • 1985
  • Year Built

Description

We are pleased to present Flower Street Apartments comprised of a 20 unit apartment complex located in the heart of Santa Ana. All of the units have been COMPLETELY renovated with approximately $500,000 spent in the last 2 years in both the interiors and exterior. 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 along with individual water heaters in each unit to keep expenses low. There is also a RUBS reimbursement program in place for water/sewer and Trash so approximately 90% of those expenses are paid for by the tenants. And 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 information & to conduct their own due diligence.

  • Address 317 S Flower Street
  • City Santa Ana
  • State/county CA
  • Zip/Postal Code 92703
  • Area 69 - Santa Ana South of First
  • Country United States

Details

Updated on September 12, 2024 at 11:12 am
  • Property ID: SGR-33839306
  • Price: $5,095,000
  • Land Area: 6146.00 m²
  • Garages: 20.00
  • Year Built: 1985
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 10350.00
  • MLS#: OC24178548
  • Office Name: ALLIANCE INVESTMENT RE GROUP
  • Agent Name: Ruben Khorsandi
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01085411
  • IDX Contact Info: 949-683-6662

Additional details

  • Sewer: Public Sewer
  • County: Orange
  • Property SubType: Apartment
  • Parking: 26.00
  • Water Source: Public

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