529 S Flower, Santa Ana, California 92703, Santa Ana, - bed, bath

home-pic
ACTIVE$840,000
529 S Flower, Santa Ana, California 92703
3Beds
3Baths
1,584Sqft
4,356Lot
Year Built
1922
Close
-
List price
$840K
Original List price
$840K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25183220
Home ConditionFair
Features
View-

About this home

Nestled in the vibrant Heninger Park neighborhood of Santa Ana, 529 S Flower Street is a charming triplex built in 1922 and offering 1,584 square feet of combined living space across three cozy one-bedroom, three quarter bath units. Sitting prominently on a corner lot, this property benefits from excellent visibility and accessibility. It features a detached two-car garage and a driveway with room for an additional two to three vehicles, ensuring convenient parking. Within half a mile, residents can stroll to grocery stores, restaurants, the Boys & Girls Club, Santa Ana High School, and even cross the street to Lowell Elementary making it ideal for tenants seeking convenience and community. With a dynamic rental market, easy access to public transportation, this triplex presents an outstanding, ready to go investment opportunity with significant upside potential for rental income. Come see it for yourself!

Price History

Date
Event
Price
08/26/25
Listing
$840,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (7 Listings)
Beds30
13%
Baths30
25%
Square foot1,5841,584
50%
Lot Size4,3565,756
25%
Price$840K$903K
50%
Price per square foot$530$567.5
50%
Built year19229725977
38%
HOA
Days on market72135
13%
Condition Rating
Fair

Built in 1922, this triplex shows its age. While the kitchens have received some updates with wood cabinets, granite-like countertops, and tile flooring, these updates appear to be from 15-30 years ago rather than recent, as evidenced by the dated tile and the bright orange paint in one of the units. The appliances are functional but not modern. The exterior also suggests a need for general maintenance and cosmetic updates. The property is functional and livable, but requires minor updates to improve its aesthetic and appeal, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Investment Opportunity: As a triplex, this property offers a strong income-generating asset with three separate rental units, providing diversified rental income streams.
Prime Corner Location: Situated prominently on a corner lot in the vibrant Heninger Park neighborhood, offering excellent visibility and accessibility.
Exceptional Walkability: Within half a mile of grocery stores, restaurants, schools (Lowell Elementary, Santa Ana High School), and community centers, enhancing tenant convenience.
Ample Parking: Features a detached two-car garage and additional driveway space for 2-3 vehicles, a significant and sought-after amenity in urban areas.
Rental Upside Potential: The property is highlighted as having 'significant upside potential for rental income,' suggesting opportunities for increased cash flow.

Cons

Historic Age: Built in 1922, the property's age suggests potential for outdated systems (plumbing, electrical) and higher long-term maintenance requirements.
Small Unit Configuration: Consists of three cozy one-bedroom, three-quarter bath units, which may appeal to a narrower tenant demographic and limit rental premium.
Potential Modernization Costs: While charming, a property of this age often requires substantial investment for modernization and upgrades to meet contemporary tenant expectations and maximize market rents.

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