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.
Property Details
Price:
$3,895,000
MLS #:
PW25163850
Status:
Active
Baths:
0
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
70santaananorthoffirst
Listed Date:
Jul 21, 2025
Lot Size:
23,484 sqft / 0.54 acres (approx)
Year Built:
1949
See this Listing
Schools
Interior
Heating
Forced Air
Laundry Features
Common Area
Exterior
Community Features
Sidewalks
Parking Spots
19.00
Financial
Map
Community
- Address1601 N Flower Street Santa Ana CA
- Neighborhood70 – Santa Ana North of First
- CitySanta Ana
- CountyOrange
- Zip Code92706
Subdivisions in Santa Ana
- Bishop Villas BSVL
- Bradford Place BRPL
- Cabrillo Park CBPK
- Casa De Santiago CSDS
- Chestnut Square CHSQ
- Fairhaven Estates FHES
- Fairview
- French Park Condos FRPC
- Lake Park I LKP1
- Lakeshore Adult Condos LSAC
- Los Quatros Condos LSQC
- MacArthur Village MAVL
- Morning Sun MRSN
- North Broadway Townhomes NRBW
- North Tustin Custom NTC
- Park Bristol PKBR
- Regency Villas RGVL
- Republic Homes REPB
- Santiago Springs. STSP
- Shady Hollow Patio Homes I SHP1
- Shady Hollow Townhomes SHHW
- South Coast Shores SCSH
- South Coast Springs SCSP
- South Coast Terrace SCTR
- South Coast Villas SCVL
- St. Albans STAL
- St.AlbSTAL
- Town Square TNSQ
- Villa Santa Ana Condos VLSA
- Willowood WLWD
- Woodlake WDLK
- Woodside Village WDSD
Market Summary
Current real estate data for Residential Income in Santa Ana as of Oct 21, 2025
56
Residential Income Listed
185
Avg DOM
$2,162,414
Avg List Price
Property Summary
- 1601 N Flower Street Santa Ana CA is a Residential Income for sale in Santa Ana, CA, 92706. It is listed for $3,895,000
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1601 N Flower Street
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