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111 S Flower AVE Brea, CA 92821
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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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Bought with Kendyl Herman