Brea, CA 92821,111 S Flower AVE
Brea, CA 92821,111 S Flower AVE
Brea, CA 92821,111 S Flower AVE
15
$6,675,000
$6,750,000
1.1%
Est.Price: ?

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12,246 SqFt

111 S Flower AVE Brea, CA 92821

Est. payment /mo
SOLD DATE : 09/24/2024

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Key Details

Sold Price $6,675,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 12,246 sqft

Price per Sqft $545

Subdivision Other (Othr)

MLS Listing ID OC24096565

Sold Date 09/24/24

HOA Y/N No

Year Built 1980

Lot Size 0.490 Acres

Acres 0.49

Property Sub-Type Apartment

Property 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 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.

Location

State CA

County Orange

Area 86 - Brea

Interior

Laundry Community

Exterior

Garage Spaces 16.0

Pool None

Community Features Curbs, Gutters, Sidewalks

Private Pool No

Building

Lot Description Level with Street

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Lease Land No

Confidential INFO

BAC 2.0

TERMS 1031 Exchange,Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent

SHOW INSTRUCTIONS *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

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CRMLS Plus
Listed by Marcus & Millichap RE Invest
Bought with T.N.G. Real Estate Consultants
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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