Brea, CA 92821,111 S Flower AVE
See all 17 photos
Brea, CA 92821,111 S Flower AVE
Brea, CA 92821,111 S Flower AVE
Brea, CA 92821,111 S Flower AVE
Brea, CA 92821,111 S Flower AVE

$6,675,000

Est. payment /mo

$6,750,000

1.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

111 S Flower AVE Brea, CA 92821

12,246 SqFt

SOLD DATE : 09/24/2024

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 ,Town Brea Tract

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 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

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 31

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 31928324

Energy Description 5520.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest • 714-713-9086
Bought with Kendyl Herman • T.N.G. Real Estate Consultants

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

Get More Information

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.