We are pleased to present Flower Street Apartments comprised of a 20 unit apartment complex located in the heart of Santa Ana. All of the units have been COMPLETELY renovated with approximately $500,000 spent in the last 2 years in both the interiors and exterior. Each unit has a large patio/balcony for the tenants to enjoy. The renovated units include new kitchens with quartz countertops, stainless steel appliances, new bathrooms/showers with new vanities, tile shower walls, high-efficiency toilets, LED recessed lighting and new windows. The exterior renovations include paint, new staircases and decking, security camera system, exterior lighting and new landscaping. The building is also equipped with a fire sprinkler system throughout. There is also a laundry room with owned equipment that generates additional monthly cashflow along with individual water heaters in each unit to keep expenses low. There is also a RUBS reimbursement program in place for water/sewer and Trash so approximately 90% of those expenses are paid for by the tenants. And although existing rents are strong, there is still rental upside with the opportunity for a new investor to raise rents for even better cash flow. This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow! All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Property Details
Property Features
Property Information:
Year Built: 1985
Stories: 2
Listing Office:
Office Name: Alliance Investment RE Group
Office Phone: (949) 683-6662
Listing Agent: Ruben Khorsandi
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 20 spaces
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Other
Directions Information:
Directions: Located on Flower Street between Myrtle and Walnut
Price Information
Listing Price Info
Price Summary:
List Price: $5,095,000
Tax Information:
Annual Amount: $44,675
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Ana, CA.
This property is $4.2M more than the Median Sold Price in Santa Ana, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24178548
Listing Office:
Office Name: Alliance Investment RE Group
Office Phone: (949) 683-6662
Listing Agent: Ruben Khorsandi
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/22/2024, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 09, 2019
Oct 09, 2019Home Sold
$3,535,000
Jan 30, 2015
Jan 30, 2015Home Sold
$2,660,000
Sep 07, 2012
Sep 07, 2012Home Sold
$2,033,000
Jul 07, 2011
Jul 07, 2011Home Sold
$1,865,000
May 19, 2011
May 19, 2011Home Sold
$1,865,000
Feb 04, 2009
Feb 04, 2009Home Sold
$1,900,000
Sep 30, 2003
Sep 30, 2003Home Sold
$1,750,000
Oct 14, 1993
Oct 14, 1993Home Sold
$520,000
Jun 08, 1990
Jun 08, 1990Home Sold
$215,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$44,675
$3,571,622
2020
$44,741
$3,535,000
2019
$35,771
$2,865,860
2018
$35,772
$2,809,667
2017
$35,467
$2,754,576
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Lowell Elementary School
700 S Flower St
Distance between this listing and this school0.28 miles
Public District Grades KG-5
3
/10
Heninger Elementary School
417 W Walnut St
Distance between this listing and this school0.30 miles
Public District Grades KG-5
3
/10
Pio Pico Elementary School
931 Highland St
Distance between this listing and this school0.36 miles
Public District Grades KG-5
Nearby Schools
3
/10
Lathrop Intermediate School
1111 S Broadway
Distance between this listing and this school0.76 miles
Public District Grades 6-8
5
/10
Orange County Educational Arts Academy
825 N Broadway
Distance between this listing and this school0.79 miles
Public Charter Grades KG-8
7
/10
El Sol Santa Ana Science and Arts Academy
328 W Halesworth St
Distance between this listing and this school0.84 miles
Public Charter Grades KG-8
Nearby Schools
4
/10
Santa Ana High School
520 W Walnut St
Distance between this listing and this school0.16 miles
Public District Grades 9-12
6
/10
Nova Academy Early College High School
500 W Santa Ana Blvd
Distance between this listing and this school0.37 miles
Public Charter Grades 9-12
5
/10
Advanced Learning Academy
335 E Walnut St
Distance between this listing and this school0.73 miles
The neighbors living near this home have an average income of $47,248. Residents of Santa Ana, CA typically earn between $35k-100k each year. Typical family type is married, with kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 317 S Flower St
What is the listing price of this property?
The listing price of 317 S Flower St property is $5,095,000.
What type of property is this?
The property 317 S Flower St is a condo located in Santa Ana, California, 92703.
Is this property for sale now?
Active Listing: 317 S Flower St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $44,675 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 9, 2019 for $3,535,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 317 S Flower St is 1985.
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This home is located at 317 S Flower St in Santa Ana, CA and zip code 92703 in the Heninger Park neighborhood. This home, which was built in 1985, sits on a 0.14 acre lot. It has been listed on Rocket Homes since August 28, 2024 and is currently priced at $5,095,000.
While more than 50 listings in Santa Ana, CA in October 2024 were sold above asking price, there were more than 12 listings sold at asking price, and more than 28 were sold below. In October 2024 in Santa Ana, CA there were 1.7% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $859,400, while the average time on the real estate market was 24 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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