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$3,700,000
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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.
Full Property Details
Full Property Details for 1601 N Flower St
General
- Sold For: $3,700,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW25163850
- Added to Site: 203 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 13
Location
- Area: 70 - Santa Ana North of First
- County: Orange
- Development Name: 70 - Santa Ana North of First
- Driving Directions: Going North on N. Flower St., Property Will Be On Your Right After Passing 15th St.
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 17
- # Electric Meters: 17
Structural Information
- Entry Location: /
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 15,678
- Year Built: 1949
Unit Information
Unit 1
- Number of Units: 8
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 5
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.5391
- Lot Size Source: Assessor
- Zoning: R-3
- Lot Description: Irregular Lot
Financial Considerations
- Price Per Sq. Ft.: $236
- Price Per Unit: 229118
Listed and Sold by Triqor Group, Chris Keramati
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Schools
Schools serving 1601 N Flower St
School District:Santa Ana Unified School District
| Name | Grades | Distance |
|---|---|---|
Wilson Elementary School, Santa Ana, CA 1317 North Baker Street, Santa Ana, CA 92706 | K-5 | 0.3 mi |
Willard Intermediate School 1342 North Ross Street, Santa Ana, CA 92706 | 6-8 | 0.2 mi |
Santa Ana High School 520 West Walnut Street, Santa Ana, CA 92701 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1601 N Flower St
Date
Details
Price
Change
Source
11/10/2025
Sold
$3,700,000
-5.01%
MLS
7/22/2025
Listed
$3,895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1601 N Flower Street, Santa Ana, CA 92706 (MLS# PW25163850) is a Multi-Family property that was sold at $3,700,000 on November 10, 2025. Want to learn more about 1601 N Flower Street? Do you have questions about finding other Multi-Family real estate for sale in Santa Ana? You can browse all Santa Ana real estate or contact a Coldwell Banker agent to request more information.

