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$ 3,895,000
Est. payment | /mo
15,678 SqFt
$ 3,895,000
Est. payment | /mo
15,678 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 15,678 sqft
Price per Sqft $248
MLS Listing ID CRPW25163850
HOA Y/N No
Year Built 1949
Lot Size 0.539 Acres
Acres 0.54
Property Sub-Type Other
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 R-3
Interior
Heating Forced Air
Fireplace No
Laundry Other
Building
Lot Description Irregular Lot
New Construction No
Others
Tax ID 39857112
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by 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! "