Brea, CA 92821,111 S Flower AVE
Brea, CA 92821,111 S Flower AVE
Brea, CA 92821,111 S Flower AVE
17
$6,675,000
$6,750,000
1.1%
Est.Price: ?

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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 Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CROC24096565

Sold Date 09/24/24

Originating Board California Regional MLS

Year Built 1980

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 t

Location

State CA

County Orange

Area 86 - Brea

Interior

Laundry Community Facility

Exterior

Garage Spaces 31.0

Pool None

Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 31928324

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Tyler Leeson • Marcus & Millichap RE Invest
Bought with Kendyl Herman

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agent

Deven Siggins

Agent | License ID: 01989481

+1(831) 508-9596

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