Multifamily Property with Updated
For Sale
$2,050,000
810 S Flower, Santa Ana, CA 92703
Leased multifamily building with renovated interiors, upgraded infrastructure, and predominantly two-bedroom floor plans.
Property Size5,216 SF
Days on Market41
Property Features for 810 S Flower
General Information
Standard status
Active
Size
5,216 SF
Property subtype
Mixed Use
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Building Details
Building Size
5,216 SF
Year Built
1982
Listing Agency:
R L M Equities
Listed By:
Randall Mycorn · License #02078223
(949) 862-1020
Source:
Stephanieyounggroup
Added: Sep 12
Changed: Oct 10
Last Checked: Oct 21 at 4:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of R L M Equities
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property in Santa Ana was built in 1982 and is fully leased. The unit mix is weighted toward two-bedroom layouts, with refreshed kitchens and bathrooms, recessed lighting, modern flooring, and permitted dual-pane windows. Recent work also includes replacement plumbing for hot and cold water, gas, and sewer systems, along with a permitted deck rebuild completed for SB 721 compliance.
The property is located near Downtown Santa Ana, the Civic Center, Bowers Museum, and Main Place Mall. Access to I-5 is available via 17th Street, while the OC Streetcar transit line provides a connection between Santa Ana and Garden Grove. The in-place cap rate is over 6.6%, and all units are currently leased.
The property is located near Downtown Santa Ana, the Civic Center, Bowers Museum, and Main Place Mall. Access to I-5 is available via 17th Street, while the OC Streetcar transit line provides a connection between Santa Ana and Garden Grove. The in-place cap rate is over 6.6%, and all units are currently leased.
Key Highlights
- Fully leased multifamily property with an in‑place cap rate over 6.6%
- Predominantly spacious 2‑bedroom floor plans
- Built in 1982 with updated kitchens, bathrooms, flooring, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,487
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,749,740
$1.7M
Cap Rate 7%
$1,249,814
$1.2M
Cap Rate 9%
$972,078
$972.1K
Market Conditions
NOI Build-Up for 5,216 SF
Gross rent
$165.9K $31.80/SF
− Vacancy
−$6.8K −$1.30/SF
EGI
$159.1K $30.50/SF
− OpEx
−$71.6K −$13.72/SF
NOI
$87.5K $16.77/SF
Area
ZIP 92703
Vacancy
4.10%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,749,740
Cap Rate 7%
$1,249,814
Cap Rate 9%
$972,078
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,487 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,677 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Leased multifamily building with renovated interiors, upgraded infrastructure, and predominantly two-bedroom floor plans.
Where is this multifamily property located?
The property is located at 810 S Flower Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Fully leased multifamily property with an in‑place cap rate over 6.6%; Predominantly spacious 2‑bedroom floor plans; Built in 1982 with updated kitchens, bathrooms, flooring, and recessed lighting
