510 S Flower St - Apartments FOR SALE


Santa Ana, CA 92703
$4,790,000 USD
310-739-5511
510 S Flower St, Santa Ana, CA for Sale
$4,790,000 USD
Apartments - FOR SALE
1/9
null | 5.75% Cap Rate

510 S Flower St
Santa Ana, CA 92703


HIGHLIGHTS

  • Close to Downtown Santa Ana
  • (16) 1 Bedrooms, (2) 2 Bedrooms, (1) Studio
  • Great Investment Opportunity

OVERVIEW

Located in a prime residential area near Heninger Park, renowned for its collection of early 20th-century homes, this 19-unit gated apartment building presents an excellent investment opportunity. Positioned at the edge of Santa Ana's historic downtown district, the property enjoys a desirable location in a thriving neighborhood. The building offers a diverse unit mix, featuring (16) 1-bedroom/1-bath units, (2) 2-bedroom/1-bath units, and a studio unit. The 1-bedroom units average 700 sq. ft. of living space, while the 2-bedroom units are approximately 900 sq. ft. Each unit boasts its own private patio or balcony, perfect for outdoor enjoyment. Additional amenities include an on-site laundry room and carport parking, providing convenience for residents. This property is a great opportunity for steady rental income in a sought-after Santa Ana location. Don't miss outconduct your due diligence today and seize the chance to invest in this income-generating gem!

FOR SALE DETAILS

PRICE

$4,790,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

19

PRICE/UNIT

$252,105

CAP RATE

5.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

R3

APN/PARCEL ID

010-121-59

ASK ABOUT THIS PROPERTY

Herbert McGurkCOLDWELL BANKER Beverly Hills NorthMore Info
310-739-5511

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Herbert McGurkCOLDWELL BANKER Beverly Hills NorthMore Info
310-739-5511

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.