116 S Orange, Santa Ana, CA 92701

Local realty services provided by:ERA North Orange County Real Estate
116 S Orange,Santa Ana, CA 92701
$3,850,000
  • - Beds
  • - Baths
  • 12,487 sq. ft.
  • Multi-family
  • Active
Listed by: rick applebaum, paul espinosa
Office: morgan skenderian
MLS#:PW26035733
Source:CRMLS

Price summary

  • Price:$3,850,000
  • Price per sq. ft.:$308.32

About this home

This well-maintained 18-unit apartment community presents a compelling value-add opportunity in the heart of a rapidly evolving urban core. The property features all one bedroom units and offers desirable amenities including private garages, secured access, a central landscaped courtyard, and on-site laundry, creating strong tenant appeal. Recent capital improvements include new roofs, replaced electrical panels, and full SB 721 compliance, significantly reducing near-term maintenance and risk. Offered at an exceptionally attractive $213,889 per unit, the asset delivers impressive fundamentals with approximately 30% rent upside, over 11% cash flow on market rents, and projected 25%+ equity growth upon stabilization. Situated blocks from Downtown Santa Ana and the vibrant 4th Street Market, residents enjoy walkable access to a thriving mix of dining, entertainment, nightlife, and cultural attractions, along with proximity to major employment centers and transit, making this an

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Home facts

  • Year built:1953
  • Listing ID #:PW26035733
  • Added:3 day(s) ago
  • Updated:February 21, 2026 at 11:32 AM

Rooms and interior

  • Living area:12,487 sq. ft.

Structure and exterior

  • Year built:1953
  • Building area:12,487 sq. ft.
  • Lot area:0.34 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,850,000
  • Price per sq. ft.:$308.32
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