510 S Flower St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
510 S Flower St
19 Unit Block of Flats £3,839,185 (£202,062/Unit) 5.75% Net Initial Yield Santa Ana, CA 92703
Investment Highlights
- Close to Downtown Santa Ana
- Great Investment Opportunity
- (16) 1 Bedrooms, (2) 2 Bedrooms, (1) Studio
Executive Summary
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!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £3,839,185 | Apartment Style | Low Rise |
| Price Per Unit | £202,062 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Net Initial Yield | 5.75% | Building Size | 24,680 SF |
| Gross Rent Multiplier | 13.56 | Average Occupancy | 100% |
| No. Units | 19 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Price | £3,839,185 |
| Price Per Unit | £202,062 |
| Sale Type | Investment |
| Net Initial Yield | 5.75% |
| Gross Rent Multiplier | 13.56 |
| No. Units | 19 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 24,680 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.13/1,000 SF |
Unit Amenities
- Balcony
- Kitchen
- Tub/Shower
- Patio
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | 700 |
| 2+1 | 2 | - | 950 |
1 of 1
Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 010-121-59 | Total Assessment | £4,523,802 |
| Land Assessment | £3,689,922 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £833,881 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
010-121-59
Land Assessment
£3,689,922
Improvements Assessment
£833,881
Total Assessment
£4,523,802
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | R3 |
| R3 |
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
510 S Flower St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.