116 S Orange, Santa Ana, CA 92701

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

Price summary

  • Price:$3,850,000

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 ideal...

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Home facts

  • Listing ID #:PW26035733
  • Added:94 day(s) ago
  • Updated:May 23, 2026 at 01:57 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1

Finances and disclosures

  • Price:$3,850,000
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