Santa Ana, CA 92703 510 S Flower Street

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Presented By: Christine Hong with Hilton & Hyland;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25476831
  • 01/07/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 20
  • Baths • 19
  • SQFT • 12,613
  • Garage • 1

Home Details

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!
Presented By: Christine Hong with Hilton & Hyland;

Interior Features for 510 S Flower Street

Bedrooms

Total Bedrooms20

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths19

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

General for 510 S Flower Street

Additional Parcels Y/NNo
Attached Garage Yes
Buyer FinancingCash
Cap Rate6.82
Carport Y/NNo
CitySanta Ana
CountyOrange
DirectionsMain cross streets: Flower & McFadden
Full Baths
Garage Y/NNo
Gross Income364159.0
HOANo
HeatingForcedAir
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet18731.0
Lot Size UnitsSquareFeet
MLS Area69 - Santa Ana South of First
MobileHomeRemainsYNNo
Net Operating Income272804.0
New ConstructionNo
Number Of Units Total19
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Year Built1979
ZoningR3

Exterior for 510 S Flower Street

Building Area Total12613.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions75x245
Lot Size Acres0.43
Lot Size Area18731.0
Number of Buildings1
Number of Separate Electric Meters20
Number of Separate Gas Meters20
Parking FeaturesCovered, CommunityStructure
Private PoolNo
SpaNo
Total Parking28.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,000,000
MLS#25476831
List Date 01/07/2025
Property Type Multi-Family
Phone 714.742.6515
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Request Info
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