317 S Flower St
Santa Ana, CA 92703

$4,975,000

Price

Bed

Baths

10,350 Sq. Ft.

$481 / Sq. Ft.

10,350

Sq. Ft.

$481

per Sq. Ft.

317 South Flower Street Santa Ana, CA 92703 - Photo 1 of 15

Description

We are pleased to present Flower Street Apartments comprised of a 20 unit gated apartment complex located in the heart of Santa Ana. All of the units have been COMPLETELY renovated with approximately $500,000 spent over the last 5 years in both the interiors and exterior. The property is individually metered for both gas & electric and has their own water heater. Each unit has a large patio/balcony for the tenants to enjoy. The renovated units include new kitchens with quartz countertops, stainless...We are pleased to present Flower Street Apartments comprised of a 20 unit gated apartment complex located in the heart of Santa Ana. All of the units have been COMPLETELY renovated with approximately $500,000 spent over the last 5 years in both the interiors and exterior. The property is individually metered for both gas & electric and has their own water heater. 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. 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! Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence. Please call listing office for more information.

Listed by Ruben Khorsandi • DRE #01085411 • Brokerage DRE #01906154 • Alliance Investment RE Group • 949-683-6662

Property Details for 317 South Flower Street

Parking Spaces Total

Private Pool

Total Units

20.0

Building Type

Attached

Lot Size Source

Assessor

Living Area

10350

Assessor Parcel Number

008-203-27

Property Attached YN

true

LISTING UPDATED: 09/04/2025 09:05 AM

Property Details for 317 South Flower Street

Status	Active
MLS #	OC25079080
Days on Market	304
Taxes	-
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Residential Income / Res Income 2-4 Units
Year Built	1985
County	Orange County

Location

Listing Courtesy of Alliance Investment RE Group, Ruben Khorsandi, DRE #01085411

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Building Information for 317 South Flower Street

Building/Complex317 S Flower StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1985Building Size-

Payment Calculator

$28,306 per month

30 year fixed, 6.15% Interest

Principal and Interest

$24,247

Property Taxes

$4,059

HOA Dues

The Payment Calculator is for illustrative purposes only.

Property Information for 317 South Flower Street

Rental Info

Tenant Pays: Electricity, Gas, Trash Collection, Water

Income / Expense / Tax Details

Income Details

Gross Income: $426,000
Gross Scheduled Income: $426,000

Net Operating Income: $332,000
Laundry Income: $4,000
Other Income 1: $13,500
Gross Multiplier: 11.2
Cap Rate: 6.7

Expense Details

Operating Expense: $111,428
Fuel Expense: $550

Electric Expense: $2,200
Insurance Expense: $3,623
Professional Management Expense: $0
Trash Expense: $8,600
Water Sewer Expense: $8,300
Total Expenses: $111,428

Tax / Assessment Info

Tax Block: B
Tax Tract Number: 101

Tax Census Tract: 749.01
CFD/Mello-Roos Fee: $4,911
Tax Lot: 5

Community / Development

Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Property / Structure Info

Interior Features

Laundry: Yes
Laundry Features: Community

Laundry Equipment Own Lease: Own

Exterior Features

Entry Location: 1
Pool Features: None

Pool Description: None
Pool: N/K
Pool Heat: N/K

Land/Lot Info

Lot Features: 16-20 Units/Acre
Number Of Units: 20

Land Lease: No
Land Lease Type: Fee
Water: Public
Sewer: Public Sewer
Water Source: Public

Parking Info

Garage Spaces: 20
Uncovered Spaces: 6

Open Other Spaces Total: 6
Parking Garage Spaces: 20
Carport Spaces: 0

Property / Structure Info

Builders Tract Name: Other
Builders Tract Code: Other (OTHR)

Residential Styles: Res Income 2-4 Units

Unit Information

Unit 1

Unit Type Units Total: 16
Unit Type Beds Total: 0

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 16
Unit Type Garage Attached: No
Unit Type Actual Rent: $1,725
Unit Type Total Rent: $27,600
Unit Type Pro Forma: 31200
Unit Type Type: 1

Unit 2

Unit Type Units Total: 4
Unit Type Beds Total: 1

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 4
Unit Type Garage Attached: No
Unit Type Actual Rent: $1,985
Unit Type Total Rent: $7,940
Unit Type Pro Forma: 9640
Unit Type Type: 2

Unit Information

Number Of Units Leased: 20
Rent Controlled: Yes

Number Of Buildings: 1
Number Of Separate Electric Meters: 21
Number Of Separate Gas Meters: 21
Number Of Separate Water Meters: 21

Property History for 317 South Flower Street

Date	Event & Source	Price	Appreciation
Apr 10, 2025	Listed (Active) SDMLS #OC25079080	$4,975,000	—
Apr 10, 2025	Listed (Active) CRMLS #OC25079080	$4,975,000	—
Apr 10, 2025	Listed (Active) CLAW #OC25079080MR	$4,975,000	—
Dec 18, 2024	Withdrawn / Cancelled CLAW #OC24178548MR		—
Dec 18, 2024	Withdrawn / Cancelled SDMLS #OC24178548		—
Dec 18, 2024	Withdrawn / Cancelled CRMLS #OC24178548	$5,095,000	—
Aug 28, 2024	Listed (Active) SDMLS #OC24178548	$5,095,000	—
Aug 28, 2024	Listed (Active) CRMLS #OC24178548	$5,095,000	—
Aug 28, 2024	Listed (Active) CLAW #OC24178548MR	$5,095,000	—
Feb 19, 2024	Withdrawn / Cancelled CLAW #OC23051016MR		—
Feb 19, 2024	Withdrawn / Cancelled SDMLS #OC23051016		—
Feb 19, 2024	Withdrawn / Cancelled CRMLS #OC23051016	$5,488,000	—
Mar 28, 2023	Listed (Active) SDMLS #OC23051016	$5,488,000	—
Mar 28, 2023	Listed (Active) CRMLS #OC23051016	$5,488,000	—
Mar 27, 2023	Listed (Active) CLAW #OC23051016MR	$5,488,000	—
Oct 9, 2019	Sold SDMLS #PW19072917	$3,535,000	—
Oct 9, 2019	Sold CLAW #PW19072917MR	$3,535,000	—
Oct 9, 2019	Sold CRMLS #PW19072917	$3,535,000	—
Sep 2, 2019	Pending CLAW #PW19072917MR		—
Sep 2, 2019	Pending CRMLS #PW19072917		—
Aug 20, 2019	Sold (Public Record) Public Record #654354786	$3,535,000	+6.1% / yr
Jul 24, 2019	Price Change CRMLS #PW19072917	$3,895,000	—
Apr 1, 2019	Listed (Active) SDMLS #PW19072917	$3,950,000	—
Apr 1, 2019	Listed (Active) CLAW #PW19072917MR	$3,950,000	—
Apr 1, 2019	Listed (Active) CRMLS #PW19072917	$3,950,000	—
Jan 30, 2015	Sold CRMLS #PW14165743	$2,660,000	—
Jan 30, 2015	Sold CLAW #PW14165743MR	$2,660,000	—
Nov 13, 2014	Sold (Public Record) Public Record #487391817	$2,660,000	+12.3% / yr
Nov 10, 2014	Pending CLAW #PW14165743MR		—
Nov 10, 2014	Pending CRMLS #PW14165743		—
Aug 4, 2014	Listed (Active) CLAW #PW14165743MR	$2,765,000	—
Aug 4, 2014	Listed (Active) CRMLS #PW14165743	$2,765,000	—
Apr 10, 2014	Withdrawn / Cancelled CRMLS #PW14041849	$2,825,000	—
Apr 10, 2014	Withdrawn / Cancelled CLAW #PW14041849MR		—
Mar 25, 2014	Pending CRMLS #PW14041849		—
Feb 28, 2014	Listed (Active) CRMLS #PW14041849	$2,825,000	—
Feb 28, 2014	Listed (Active) CLAW #PW14041849MR	$2,825,000	—
Feb 13, 2014	Withdrawn / Cancelled CRMLS #PW13226536	$2,825,000	—
Feb 13, 2014	Withdrawn / Cancelled CLAW #PW13226536MR		—
Nov 7, 2013	Listed (Active) CRMLS #PW13226536	$2,825,000	—
Nov 7, 2013	Listed (Active) CLAW #PW13226536MR	$2,825,000	—
Jan 7, 2013	Expired CRMLS #S320477	$1,750,000	—
Jul 19, 2012	Sold (Public Record) Public Record #337547185	$2,033,000	+6.6% / yr
May 19, 2011	Sold CRMLS #P768319	$1,865,000	—
May 19, 2011	Sold CLAW #P768319MR	$1,865,000	—
Apr 22, 2011	Pending CRMLS #P768319		—
Apr 22, 2011	Pending CLAW #P768319MR		—
Mar 11, 2011	Sold (Public Record) Public Record #308996739	$1,865,000	—
Mar 11, 2011	Sold (Public Record) Public Record #311271624	$1,865,000	-0.8% / yr
Feb 2, 2011	Listed (Active) CLAW #P768319MR	$1,925,000	—
Feb 2, 2011	Listed (Active) CRMLS #P768319	$1,925,000	—
Dec 9, 2008	Sold (Public Record) Public Record #262212672	$1,900,000	+1.6% / yr
Sep 30, 2003	Sold (Public Record) Public Record #121585628	$1,750,000	—
Jul 31, 2003	Expired CLAW #S320477MR		—
Jun 19, 2003	Listed (Active) CLAW #S320477MR	$1,750,000	—
Jun 19, 2003	Listed (Active) CRMLS #S320477	$1,750,000	—
Jun 19, 2003	Listed (Active) CRMLS #CC231656	$1,750,000	—

Date	Event & Source	Price
04/10/2025	Listed (Active) SDMLS #OC25079080	$4,975,000
04/10/2025	Listed (Active) CRMLS #OC25079080	$4,975,000
04/10/2025	Listed (Active) CLAW #OC25079080MR	$4,975,000
12/18/2024	Withdrawn / Cancelled CLAW #OC24178548MR	—
12/18/2024	Withdrawn / Cancelled SDMLS #OC24178548	—
12/18/2024	Withdrawn / Cancelled CRMLS #OC24178548	$5,095,000
08/28/2024	Listed (Active) SDMLS #OC24178548	$5,095,000
08/28/2024	Listed (Active) CRMLS #OC24178548	$5,095,000
08/28/2024	Listed (Active) CLAW #OC24178548MR	$5,095,000
02/19/2024	Withdrawn / Cancelled CLAW #OC23051016MR	—
02/19/2024	Withdrawn / Cancelled SDMLS #OC23051016	—
02/19/2024	Withdrawn / Cancelled CRMLS #OC23051016	$5,488,000
03/28/2023	Listed (Active) SDMLS #OC23051016	$5,488,000
03/28/2023	Listed (Active) CRMLS #OC23051016	$5,488,000
03/27/2023	Listed (Active) CLAW #OC23051016MR	$5,488,000
10/09/2019	Sold SDMLS #PW19072917	$3,535,000
10/09/2019	Sold CLAW #PW19072917MR	$3,535,000
10/09/2019	Sold CRMLS #PW19072917	$3,535,000
09/02/2019	Pending CLAW #PW19072917MR	—
09/02/2019	Pending CRMLS #PW19072917	—
08/20/2019	Sold (Public Record) Public Record #654354786	$3,535,000 +6.1% / yr
07/24/2019	Price Change CRMLS #PW19072917	$3,895,000
04/01/2019	Listed (Active) SDMLS #PW19072917	$3,950,000
04/01/2019	Listed (Active) CLAW #PW19072917MR	$3,950,000
04/01/2019	Listed (Active) CRMLS #PW19072917	$3,950,000
01/30/2015	Sold CRMLS #PW14165743	$2,660,000
01/30/2015	Sold CLAW #PW14165743MR	$2,660,000
11/13/2014	Sold (Public Record) Public Record #487391817	$2,660,000 +12.3% / yr
11/10/2014	Pending CLAW #PW14165743MR	—
11/10/2014	Pending CRMLS #PW14165743	—
08/04/2014	Listed (Active) CLAW #PW14165743MR	$2,765,000
08/04/2014	Listed (Active) CRMLS #PW14165743	$2,765,000
04/10/2014	Withdrawn / Cancelled CRMLS #PW14041849	$2,825,000
04/10/2014	Withdrawn / Cancelled CLAW #PW14041849MR	—
03/25/2014	Pending CRMLS #PW14041849	—
02/28/2014	Listed (Active) CRMLS #PW14041849	$2,825,000
02/28/2014	Listed (Active) CLAW #PW14041849MR	$2,825,000
02/13/2014	Withdrawn / Cancelled CRMLS #PW13226536	$2,825,000
02/13/2014	Withdrawn / Cancelled CLAW #PW13226536MR	—
11/07/2013	Listed (Active) CRMLS #PW13226536	$2,825,000
11/07/2013	Listed (Active) CLAW #PW13226536MR	$2,825,000
01/07/2013	Expired CRMLS #S320477	$1,750,000
07/19/2012	Sold (Public Record) Public Record #337547185	$2,033,000 +6.6% / yr
05/19/2011	Sold CRMLS #P768319	$1,865,000
05/19/2011	Sold CLAW #P768319MR	$1,865,000
04/22/2011	Pending CRMLS #P768319	—
04/22/2011	Pending CLAW #P768319MR	—
03/11/2011	Sold (Public Record) Public Record #308996739	$1,865,000
03/11/2011	Sold (Public Record) Public Record #311271624	$1,865,000 -0.8% / yr
02/02/2011	Listed (Active) CLAW #P768319MR	$1,925,000
02/02/2011	Listed (Active) CRMLS #P768319	$1,925,000
12/09/2008	Sold (Public Record) Public Record #262212672	$1,900,000 +1.6% / yr
09/30/2003	Sold (Public Record) Public Record #121585628	$1,750,000
07/31/2003	Expired CLAW #S320477MR	—
06/19/2003	Listed (Active) CLAW #S320477MR	$1,750,000
06/19/2003	Listed (Active) CRMLS #S320477	$1,750,000
06/19/2003	Listed (Active) CRMLS #CC231656	$1,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 317 South Flower Street

Taxable ValueLand$2,663,029Additions$1,203,008Total$3,866,037

Tax Record2025$48,714 ($4,059 / month)

Home Facts

Total Finished SqFt783 SqFtAbove Grade Finished SqFt783 SqFtStories1Lot Size6,168 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920CountyORANGEAPN008-203-27

Schools near 317 South Flower Street

This home is within Santa Ana Unified School District.


Rating	School	Type	Grades	Distance
5/10	Martin R. Heninger Elementary School	Public - Serves this home	K to 8	0.3 mi
2/10	Willard Intermediate School	Public - Serves this home	6 to 8	1.0 mi
4/10	Santa Ana High School	Public - Serves this home	9 to 12	0.1 mi
6/10	Nova Academy Early College High	Charter - Nearby school	9 to 12	0.4 mi
5/10	Edward B. Cole Academy	Charter - Nearby school	K to 5	0.7 mi
5/10	Advanced Learning Academy	Charter - Choice school	K to 12	0.7 mi


Rating	School	Distance
5/10	Martin R. Heninger Elementary School PublicK to 8 Serves this home	0.3 mi
2/10	Willard Intermediate School Public6 to 8 Serves this home	1.0 mi
4/10	Santa Ana High School Public9 to 12 Serves this home	0.1 mi
6/10	Nova Academy Early College High Charter9 to 12 Nearby school	0.4 mi
5/10	Edward B. Cole Academy CharterK to 5 Nearby school	0.7 mi
5/10	Advanced Learning Academy CharterK to 12 Choice school	0.7 mi

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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More information about 317 South Flower Street, Santa Ana, CA 92703

317 South Flower Street is a multi-family home for sale in Santa Ana, CA 92703. This property was listed for sale on April 10, 2025 by Alliance Investment RE Group, it's currently listed at $4,975,000. It has been on the market for a total of 304 days and was last sold on October 9, 2019. This listing's school district is Santa Ana Unified School District. Nearby schools include Martin R. Heninger Elementary School, Willard Intermediate School and Santa Ana High School. 317 South Flower Street is a 1-bed, 20-bath, 10,350 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Alliance Investment RE Group, Ruben Khorsandi, DRE #01085411

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

317 S Flower StSanta Ana, CA 92703

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More information about 317 South Flower Street, Santa Ana, CA 92703

317 S Flower St
Santa Ana, CA 92703