About 1601 Flower Street
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.
Features of 1601 Flower Street
| MLS® # | PW25163850 |
|---|---|
| Price | $3,895,000 |
| Sold Price | $3,700,000 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Lot Sqft | 23,484 |
| Acres | 0.54 |
| Year Built | 1949 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Closed |
| # Of Units | 17 |
Community Information
| Address | 1601 Flower Street |
|---|---|
| Area | 70 - Santa Ana North of First |
| Subdivision | Washington Square |
| City | Santa Ana |
| County | Orange |
| Zip Code | 92706 |
Amenities
| Parking Spaces | 19 |
|---|---|
| # of Garages | 13 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Irregular Lot |
|---|
Additional Information
| Date Listed | July 21st, 2025 |
|---|---|
| Date Sold | November 10th, 2025 |
| Days on Market | 50 |
| Zoning | R-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Chris Keramati |
|---|---|
| Office | Triqor Group |