1601 N Flower Street, Santa Ana, CA 92706

About this property

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.

Listing description from the November 2025 sale, as reported to CRMLS.

Sale history

$3,700,000

Sold November 2025 · listed $3,895,000, on market July 2025 · MLS #PW25163850 · Source: CRMLS

Listing Agent: Chris Keramati · Listing Office: Triqor Group · Contact: chris@triqorgroup.com · Bought with: Chris Keramati · Triqor Group

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