$4,974,000
-$1,000317 S Flower Street, Santa Ana CA 92703
Multi-Family (20 Units)
Property type
432 days
On market
$481
Price per sqft
20 cars
Garage
1985
Year built
6,146 sqft
Lot size
Open Houses
Overview
The Flower Street Apartments is comprised of a 20 unit gated apartment complex located in the heart of Santa Ana. All of the units have been COMPLETELY renovated with approximately $500,000 spent over the last 5 years in both the interiors and exterior. The property is individually metered for both gas & electric and has their own water heater. Each unit has a large...
Listing provided by: Ruben Khorsandi DRE #01085411, Alliance Investment RE Group
Listing updated: May 11, 2026 at 09:57pm.
Last checked: Jun 15, 2026 at 08:01pm
Source: CRMLS #OC25079080
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 16 | 0 | 1 | 1 | $1,710 | $27,360 | $31,200 | Unfurnished |
| 4 | 1 | 1 | 1 | $1,950 | $7,800 | $9,636 | Unfurnished |
# of Buildings: 1
# of Units Total: 20
Separate Electric Meters: 21
Separate Gas Meters: 21
Separate Water Meters: 21
Rent Control: Yes
Units Leased: 20
Total Actual Rent: $35,460
Tenant Pays: Electricity, Gas, Trash Collection, Water
Financial Snapshot
Gross Rent Multiplier
11.3x
List Price / Annual Gross Rent
Cap Rate
6.6%
NOI / List Price
Gross Scheduled Income: $439,020
Operating Expense: $109,509
Net Operating Income: $329,511
Annual Operating Expenses
Electric: $2,200
Gardener: $1,800
Fuel: $878
Insurance: $4,924
Professional Management: $0
Trash: $9,696
Water / Sewer: $8,900
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Sixteen To Twenty Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 20
Uncovered Spaces: 6
Parking Total: 26
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 00820327
Additional Parcels: No
Tax Lot: 5
Tax Block: B
Subdivision: Other
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Storm Drains, Street Lights, Suburban, Sidewalks