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JLee Broker

[email protected] +1(650) 857-1000

Listed by Ruben Khorsandi, DRE #01085411 • Alliance Investment RE Group

$4,974,000

Est. payment - /mo

6,146 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC25079080

Year Built 1985

Lot Size 6,146 Sqft

Source California Regional MLS

Property Description

The Flower Street Apartments is 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 i

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Laundry Washer/Dryer - Owned, Community Facility

Exterior

Garage Spaces 26.0

Pool None

Building

Water District - Public

Others

Tax ID 00820327

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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317 S Flower ST Santa Ana, CA 92703

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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