111 South Flower Avenue
111 South Flower Avenue
$6,750,000
6
26
12,246
12,246
$551
Active Under Contract
Description
111 South Flower Avenue is an 18-unit multifamily investment property located in Brea, California. The property offers a diverse mix consisting of 5, studio units, 6, one-bedroom units, 6, two-bedroom units, and 1, three-bedroom unit. Residents enjoy the property’s amenities including ample garage and surface parking, an on-site laundry facility, and private patios (first-floor units). Current ownership has invested significant capital into unit and property improvements, and has stabilized the asset...111 South Flower Avenue is an 18-unit multifamily investment property located in Brea, California. The property offers a diverse mix consisting of 5, studio units, 6, one-bedroom units, 6, two-bedroom units, and 1, three-bedroom unit. Residents enjoy the property’s amenities including ample garage and surface parking, an on-site laundry facility, and private patios (first-floor units). Current ownership has invested significant capital into unit and property improvements, and has stabilized the asset with in-place rents near market rental rates. Improvements include fresh paint, vinyl flooring, quartz countertops, shaker-style cabinetry, recessed lighting, and more. 111 South Flower Street is situated in an optimal Brea location, within walking distance of a plethora of retail, dining, and entertainment options at Brea Downtown, Brea Gateway, Brea Marketplace, and the Brea Mall. Furthermore, 111 South Flower Street benefits from its proximity, within 2.50 miles, to California State University Fullerton (CSUF), a major economic and housing driver for the area. Th property offers convenient access to Imperial Highway and State Route 57, connecting residents to regional employment hubs throughout Southern California. Given its optimal Brea location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued success at 111 South Flower Street.
- Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • 714-713-9086
Property Details for 111 South Flower Avenue
Parking Spaces Total
31
Private PoolNo
Total Units18.0
Building TypeDetached
Lot Size SourceAssessor
Living Area12246
Assessor Parcel Number319-283-24
Property Attached YNfalse
Location
LISTING UPDATED: 05/24/2024 06:17 AM
Property Details for 111 South Flower Avenue
Status | Active Under Contract |
---|---|
MLS # | OC24096565 |
Days on Market | 11 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1980 |
County | Orange County |
Location
Building Information for 111 South Flower Avenue
Building/Complex111 S Flower AveFloor-Stories2Residences-Pet Policy-Year Built1980Building Size-
Payment Calculator
$41,535 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 111 South Flower Avenue
Property History for 111 South Flower Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 111 South Flower Avenue
Taxable ValueLand$4,005,540Additions$780,300Total$4,785,840
Tax Record2023$56,365 ($4,697 / month)
Home Facts
Lot Size21,000 SqFtStyleMulti-Family Dwelling (2-4)CountyORANGEAPN319-283-24
Schools near 111 South Flower Avenue
This home is within Brea-Olinda Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Laurel Elementary School PublicK to 6 | ||
Brea Junior High School Public7 to 8 | ||
Brea-Olinda High School Public9 to 12 | ||
Brea Canyon High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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