Property Details
About this Property
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 o
MLS Listing Information
MLS #
CROC24178548
MLS Source
California Regional MLS
Days on Site
85
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 20 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 20 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
317 S Flower St is a Residential Income in Santa Ana, CA 92703. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,095,000 and was built in 1985. This address can also be written as 317 S Flower St, Santa Ana, CA 92703.
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This listing information is up-to-date as of August 28, 2024. For the most current information, please contact Ruben Khorsandi
