$4,000,000
PENDING $790K PRICE DROP

510 S Flower St Santa Ana, CA 92703

Heninger Park Neighborhood

Estimated payment $26,155/month

Total Views 1,437
20 Beds
19 Baths
12,613 Sq Ft
$317 Price per Sq Ft

Highlights

  • 0.43 Acre Lot
  • Forced Air Heating System
  • Laundry Facilities
  • 28 Car Attached Garage

About This Home

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!

Listing Agent

Christine Hong

Hilton & Hyland License #01325115 Listed on: 06/25/2025

Hilton & Hyland

Co-Listing Agent

Herbert McGurk

Coldwell Banker Realty License #01361267

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 75x245

Interior Spaces

  • 12,613 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 19 Bathrooms

Parking

  • 28 Car Attached Garage
  • Parking Garage Space

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System

Community Details

  • 19 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 010-121-59

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 12613
  • Lot Acreage: 0.4300
  • Lot Dimensions: 75x245
  • Probate: No
  • Stories: 2
  • Year Built: 1979
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 20
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 19.00
  • Price Per S Q F T: 317.13

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Attached, Covered Parking, Community Garage
  • Total Parking: 28

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Forced Air
  • Number Electric Meters: 20
  • Number Gas Meters: 20

Lot Info

  • Assessed Improvement Percent: 18.43
  • Assessed Improvement Value: 1020000
  • Assessed Land Percent: 81.57
  • Assessed Land Value: 4513500
  • Total Assessed Value: 5533500
  • Assessor Parcel Number: 010-121-59
  • Lot Size Area: 18731

Rental Info

  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.56
  • Number Of Units: 19
  • Total Annual Expense: 77705
  • Type Of Units: Multi Unotes
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Pending -- -- --
06/25/2025 06/25/25 Price Changed $4,000,000 0.0% $317 / Sq Ft
06/25/2025 06/25/25 For Sale $4,000,000 -11.1% $317 / Sq Ft
06/25/2025 06/25/25 Pending -- -- --
06/05/2025 06/05/25 For Sale $4,500,000 0.0% $357 / Sq Ft
03/25/2025 03/25/25 Pending -- -- --
02/24/2025 02/24/25 Price Changed $4,500,000 -6.1% $357 / Sq Ft
01/07/2025 01/07/25 For Sale $4,790,000 -11.7% $380 / Sq Ft
12/08/2021 12/08/21 Sold $5,425,000 -1.4% $430 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
12/07/2020 12/07/20 For Sale $5,500,000 -- $436 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25-476831

The MLS

California Orange County Santa Ana 92701 Heninger Park

510 S Flower St, Santa Ana, CA

This home is located at 510 S Flower St, Santa Ana, CA 92703 and is currently priced at $4,000,000, approximately $317 per square foot. This property was built in 1979. 510 S Flower St is a home located in Orange County with nearby schools including Lowell Elementary, Willard Intermediate School, and Santa Ana High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Christine Hong
Listing Agent
Christine Hong
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Hilton & Hyland
(657) 300-6787