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317 S Flower Street, Santa Ana, CA

$5,488,000 - $5.5M Price - .14 Acres - 66 DOM

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.

Listing Agent
Ruben Khorsandi - Alliance Investment RE Group

Essential Information

For 317 S Flower Street, Santa Ana, CA
  • MLS® # OC23051016
  • Price $5,488,000
  • Bathrooms 0.00
  • Acres 0.14
  • Year Built 1985
  • Type Residential Income
  • Sub-Type Apartment
  • Status Active

Community Information

For 317 S Flower Street, Santa Ana, CA
  • Address 317 S Flower Street
  • Area 69 - Santa Ana South of First
  • Subdivision Other
  • City Santa Ana
  • County Orange
  • State CA
  • Zip Code 92703


For 317 S Flower Street, Santa Ana, CA
  • Parking Spaces 26
  • # of Garages 20
  • Pool None


For 317 S Flower Street, Santa Ana, CA
  • Lot Description 16-20 Units/Acre

Additional Information

For 317 S Flower Street, Santa Ana, CA
  • Date Listed March 27th, 2023
  • Days on Market 66
  • HOA Fees 0.00

Listing Details

For 317 S Flower Street, Santa Ana, CA
  • Agent Ruben Khorsandi
  • Office Alliance Investment RE Group

Based on information from California Regional Multiple Listing Service, Inc. as of June 2nd, 2023 at 5:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.