$3,700,000
$3,895,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
0.54 Acres Lot
SOLD DATE : 11/10/2025
Key Details
Sold Price $3,700,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25163850
Sold Date 11/10/25
Bedrooms 5
Lot Size 0.539 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present the Flower Street Apartments, available for the first time in nearly 30 years. This well-maintained asset spans over half an acre and offers a majority of spacious two-bedroom floor plans exceeding 1,000 square feet, with more than half designed as two-story townhomes. The property features both garage and open parking, individual gas and electric meters, and gated entry, providing residents with privacy and comfort. Priced under $250 per square foot, this offering presents investors with significant upside potential, including a projected 60% increase in rental income. Flower Street Apartments represents a compelling investment opportunity with a cap rate exceeding 9% and a 7.86 GRM on market rents.
Location
State CA
County Orange
Zoning Public Rec
Direction Going North on N. Flower St., Property Will Be On Your Right After Passing 15th St.
Interior
Heating Forced Air Unit
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 39857112
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Chris Keramati Triqor Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "