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Listed by Morgan Skenderian, Rick Applebaum, Listing Contact:  
1 Bed
1 Bath

$3,675,000

116 S Orange, Santa Ana CA, 92701

Property typeMulti-family

Overview

Active

Listed Feb 17, 2026

Updated 2 weeks ago

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 onebedroom 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 $204,167 per unit, the asset delivers impressive fundamentals with approximately 31% rent upside, over 13% cash flow on market rents, and projected 30% 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 location for tenants seeking both convenience and lifestyle.

$24,450/mo

Est. mortgage payment based on a $3,675,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26035733

Interior Features

Bedrooms
1
Bathrooms
1
Basement
No

Exterior Features

Lot Size
0.34 Acres

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Data last updated 5:08 PM UTC, 9/23/2026

   

 

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